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,Upper Lower Apartment

Lot Size

0.07

Year Built

1929

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251045013

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Colonial UpperLowerApartment
Pool Features None
Construction Materials Brick
Exclusions Exclusion(s) Do Not Exist
Pets Allowed Yes
Year Built 1929
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 27338.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name GRACELAND
Garage Y/N N
Full Baths 2
Status Active
Directions M-10 to Wyoming
City DetroitCity_Wayne
Disclosures ConformstoZoning NoEncroachment ExclusionsDoNotExist NoRestrictions ProjectedIncome TaxesPartiallyHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 2
MLS Area Area05042Det6TireGrnfldLivernois
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 1
Land Lease Y/N N
Tax Annual Amount 9142.0
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 88500
Expected Active Date 2025-10-13
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
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Interior
Basement Full Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1580.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Exterior
Water Source WateratStreet
Foundation Details Basement Block
Spa N
Lot Dimensions 30X108
Lot Size Acres 0.07
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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Internal Only
Street Number 1 15478
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* Excluded Features
List By
Clayton Neal

Listing Agent

Kw Metro

Broker

(248) 288-3500

Phone

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
848539 Elementary School
848135 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

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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