5309 Lakeview Street Detroit, MI ^$ 229,900

5309 Lakeview Street

^$ 229,900

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5309 Lakeview Street

Detroit, MI, 48213

^$ 229,900

Studio Baths2.0 Sq 1,717

Monthly Estimate*

^$ 1,434

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Studio

Multi-Family Home for sale in Detroit, MI

for $229,900 with 2 full baths. This 1,717 square foot home was built in 1931 on a lot size of 0.09.

Investor Opportunity! This 2-unit brick bungalow in Detroit is currently operating as a 5-star Airbnb, generating $199/night for the lower unit and $120/night for the upper unit. Each spacious 2-bedroom, 1-bath flat offers approximately 859 sq ft of living space, separate entrances, and a shared full basement. Built in the 1930s with durable craftsmanship and natural gas forced air heating. Enjoy minimal grounds maintenance, a fully stocked setup, and the flexibility to continue as an Airbnb or convert to home healthcare housing. Located just minutes from E. Warren Ave and Dickerson with easy freeway access - reach downtown Detroit in only 15 minutes! A great choice for investors or owner-occupants seeking income potential in a prime, growing area. Sold vacant and ready to go!

Multi-Family Active

Price

^$ 229,900

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,360

Style

Bungalow

Lot Size

0.09

Year Built

1931

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60942313

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1931

Subdivision Plat Of Alfred F Steiners Park Sub MI

Style Bungalow

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 0

Ownership Private

Municipality Detroit

Zoning Residential

Sale/Rent For Sale

Status Detail 0

Structure Style 1 1/2 Story

Area Detroit (82001)

Primary City Detroit

Virtual Tour https://www.zillow.com/view-imx/b18d5c46-06cb-445d-ab54-4a5488765d40?wl=true&setAttribution=mls&initialViewType=pano

Directions From Dickerson Ave go East on Warren Ave then North on Lakeview St.

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional FHA VA

Legal Description W LAKEVIEW 98 PLAT OF ALFRED F STEINERS PARK SUB L40 P61 PLATS W C R 21/630 40 X 101.5

DOM 61

Postal Code 48213

Price Per Sq Ft Total AG 133.9

Public Remarks Investor Opportunity! This 2-unit brick bungalow in Detroit is currently operating as a 5-star Airbnb

Exterior

Exterior Brick

Exterior Amenities Porch

Lot Size Area 0.09

Lot Dimensions 40X101.5

Roads Paved Street

Waterfront Y/N No

Interior

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

* Excluded Features

List By

Henry Manning

Listing Agent

Keller Williams Realty-Great Lakes

Broker

steve@monzogroup.com

Affordability Calculator

$1,631

Per Month

Monthly Principal & Interest: $1,434
Monthly Property Taxes: $197
Monthly Home Insurance: --

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Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$237,305

Percent of Sale Price 3%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/20/2025	$229,900	-0.04%	Price Down
10/3/2025	$229,999		Listed Price

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5309 Lakeview Street, Detroit, MI, 48213 is a Multi-Family Home for sale at $229,900 with 1,717 sqft and a lot size of 0.09. 5309 Lakeview Street is a studio with 2.0 baths and was built in 1931. The property's zip code is 48213 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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5309 Lakeview Street

Multi-Family Home for sale in Detroit, MI

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