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1216 Waterman Street Detroit, MI $ 246,900
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$ 246,900 Get more info
1216 Waterman Street
$ 246,900
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1216 Waterman Street

Detroit, MI, 48209
$ 246,900
Baths2.1 Sq 2,500

Monthly Estimate*

$ 1,540

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Studio

Multi-Family Home for sale in Detroit, MI

for $246,900 with 2 full baths, 1 half bath. This 2,500 square foot home was built in 1926 on a lot size of 0.11.

Welcome to this beautifully remodeled three-family home in the heart of Mexican Village. Each unit offers 3 bedrooms and has been thoughtfully updated with luxury flooring, recessed lighting, and modern finishes throughout. This property is legally rental certified, making it an ideal investment for generating immediate income or a perfect opportunity for an owner-occupant to live in one unit and rent out the other. Located just minutes from the up-and-coming Gordie Howe International Bridge, set to open in late 2025/2026, this home sits in a neighborhood positioned for strong growth and rising values. With its prime location, modern updates, and income potential, this duplex is truly a rare find in Southwest Detroit.

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Multi-Family Active

Price

$ 246,900

Bedrooms

Studio

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 2,477

Style

Upper Lower Apartment

Lot Size

0.11

Year Built

1926

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251036032
Features
General
Sewer PublicSewer
Heating ENERGYSTARQualifiedFurnaceEquipment NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style UpperLowerApartment
Pool Features None
Construction Materials Brick
Pets Allowed Yes
Year Built 1926
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 3000000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name KAIERS SUB OF LTS 16 THRU 29
Garage Y/N N
Full Baths 2
Status Active
Directions Take I-94 East toward Downtown Detroit Merge onto I-96 East Exit W Grand Blvd. turn right on W Grand Blvd. Turn left onto W Vernor Hwy Turn right on Waterman 1215 Waterman on left side of street
City DetroitCity_Wayne
Disclosures LegalRentalCertified NoInventoryIncluded ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description Residential
Number Of Units Total 2
MLS Area Area05101DetSouthOfGrandRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 0
Land Lease Y/N N
Tax Annual Amount 2477.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 25461
Expected Active Date 2025-09-13
Legal Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2026. E WATERMAN 6 KAIERS SUB L28 P78 PLATS W C R 18/265 30 X 157.50
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Exterior
Water Source Public
Foundation Details MichiganBasement Poured
Spa N
Lot Dimensions 30X157.5
Lot Size Acres 0.11
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 2500.0
Half Baths 1
Above Grade Finished Area Unit Type SquareFeet
Total Baths 3
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Internal Only
Street Number 1 1216
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* Excluded Features
List By
Alesha Thomas

Listing Agent

Berkshire Hathaway Homeservices Kee Realty

Broker

(248) 943-2835

Phone

Affordability Calculator

$1,747
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,540
Monthly Property Taxes
$206
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/12/2025$246,900 Listed Price

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1216 Waterman Street, Detroit, MI, 48209 is a Multi-Family Home for sale at $246,900 with 2,500 sqft and a lot size of 0.11. 1216 Waterman Street is a studio with 2.1 baths and was built in 1926. The property's zip code is 48209 which is in Detroit, MI

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