15478 Northlawn Street Detroit, MI $ 274,900
15478 Northlawn Street
$ 274,900
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15478 Northlawn Street

Detroit, MI, 48238
$ 274,900
Baths2.0 Sq 1,580

Monthly Estimate*

$ 1,715

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Studio

Multi-Family Home for sale in Detroit, MI

for $274,900 with 2 full baths. This 1,580 square foot home was built in 1929 on a lot size of 0.07.

ATTENTION!! Home owners and Investors! An exceptional cash-flow opportunity awaits with this fully remodeled multi-family property, complete with a SEPARATE 1-bedroom, 1-bathroom BONUS home - ideal for short-term rentals or additional passive income. Strategically located near Downtown Detroit, Wayne State University, and the University of Detroit Mercy, this property offers strong rental demand and multiple income streams in one impressive package. The main residence features two updated units with modern finishes and high-quality renovations throughout. The lower unit is currently occupied by a tenant on a month-to-month lease who's eager to stay long term, providing immediate and stable cash flow for investors. The upper unit is turnkey and ready for lease or owner-occupancy. The separate rear home is a standout ASSET - a fully functional 1-bedroom, 1-bathroom house with a spacious living room, full kitchen and bath. This detached dwelling opens the door for Airbnb, VRBO, corporate leasing, or traditional rentals, giving investors the flexibility to maximize returns through diversified income options. Situated on a large fenced parcel with an additional adjacent lot, this property offers expanded outdoor space for tenants, potential value-add enhancements, or future development possibilities. This is a RARE opportunity to acquire a high-performing, low-maintenance asset in one of Detroit's most desirable investment corridors. Perfect for both experienced investors seeking reliable returns, new investors looking for a solid entry into the market, or that saavy home owner looking for the perfect house hacking scenario! Schedule your showing today and make this the perfect acquisition to cap off the year! Please do not disturb the occupant. Showings will be for the upstairs unit and rear property ONLY. Access to the occupied unit will be granted during time of inspection after an accepted offer. Thank you for your consideration. Photos taken prior to tenant.

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Multi-Family Active

Price

$ 274,900

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 9,142

Style

Colonial

Lot Size

0.07

Year Built

1929

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60944742

Features
General
Heating Forced Air
Possession At Close
Water Public Water at Street
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1929
Subdivision Graceland MI
Style Colonial
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 27338
Ownership Private
Municipality Detroit
Zoning Multi-Family
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Detroit (82001)
Primary City Detroit
Directions M-10 to Wyoming
City Detroit
School District Detroit City School District
Financial Terms Cash Conventional FHA VA
Legal Description E NORTHLAWN 147 & W 8 FT OF VAC ALLEY ADJ GRACELAND SUB L38 P66 PLATS W C R 16/267 30 X 108
DOM 51
Postal Code 48238
Price Per Sq Ft Total AG 173.99
Public Remarks ATTENTION!! Home owners and Investors! An exceptional cash-flow opportunity awaits with this fully remodeled multi-family property complete with a SEPARATE 1-bedroom
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Interior
Basement Block
Fireplace? No
Total Number of Units 2
Fuel Type Natural Gas
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Exterior
Exterior Brick
Lot Size Area 0.07
Lot Dimensions 30X108
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Clayton Neal

Listing Agent

Kw Metro

Broker

ccnrealestate@gmail.com

Email

Affordability Calculator

$2,477
Per Month
69%
31%
0%
Monthly Principal & Interest
$1,715
Monthly Property Taxes
$762
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
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/3/2025$274,900 -1.47% Price Down
10/16/2025$279,000 -0.32% Price Down
10/13/2025$279,900 Listed Price

Map


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15478 Northlawn Street, Detroit, MI, 48238 is a Multi-Family Home for sale at $274,900 with 1,580 sqft and a lot size of 0.07. 15478 Northlawn Street is a studio with 2.0 baths and was built in 1929. The property's zip code is 48238 which is in Detroit, MI