15003 Forrer Street Detroit, MI $ 173,000
15003 Forrer Street
$ 173,000
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15003 Forrer Street

Detroit, MI, 48227
$ 173,000
Baths2.0 Sq 2,246

Monthly Estimate*

$ 1,065

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Studio

Multi-Family Home for sale in Detroit, MI

for $173,000 with 2 full baths. This 2,246 square foot home was built in 1928 on a lot size of 0.11.

Fully Occupied Two-Family Brick Corner Property – Investor Special! Welcome to 15003 Forrer, a solid brick duplex offering immediate rental income and long-term upside. Both units feature 2 bedrooms, 1 full bath, a spacious living room, formal dining room, and a full kitchen. Each unit also includes a four-seasons bonus room on the rear of the home—perfect for additional storage, office space, or a cozy sitting area. Both tenants are agency tenants. Guaranteed cash flow. Upper & Lower Units Are Both Tenant-Occupied, producing steady income from day one. The property sits on a corner lot with fencing, offering added privacy and curb appeal. Strong rental area with continued demand for multi-family properties. This is an ideal property for: Seasoned investors expanding their portfolio New investors looking to start with an income-producing asset Buyers exploring house hacking while generating rental income Key Highlights: Fully occupied – rent collection begins at closing Brick construction on a corner lot Four-seasons room in both units Separate living & dining rooms in each unit Close to major roads, amenities, and public transit Don’t miss this opportunity to secure a cash-flowing multi-family in an appreciating market. Schedule your showing today!

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Multi-Family Active

Price

$ 173,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,431

Style

Duplex

Lot Size

0.11

Year Built

1928

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251052797

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Roof Asphalt
Garage Spaces 0.0
Architectural Style Duplex
Pool Features None
Construction Materials Brick
Pets Allowed DogsOk
Year Built 1928
Electric CircuitBreakers
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 19500.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name RUGBY
Garage Y/N N
Rent Includes Water
Full Baths 2
Status Active
Directions I-94 west to 696 West take exit 13 to Greenfield turn left turn right on Chalfonte.
City DetroitCity_Wayne
Disclosures ActualIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily Residential
Number Of Units Total 2
MLS Area Area05032Det6To8GrnfldToLimits
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 3431.0
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 Tenant
Tax Assessed Value 33531
Expected Active Date 2025-11-09
Legal Description W FORRER S 34 FT 165 EXC W 8 FT THEREOF RUGBY SUB L29 P75 PLATS WCR 22/18 34 X 142
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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 2246.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Exterior
Water Source Public
Total Parking 2.0
Foundation Details Basement Block
Spa N
Lot Dimensions 34X142
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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Internal Only
Street Number 1 15003
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* Excluded Features
List By
Adrienne Ponce

Listing Agent

Exp Realty Main

Broker

(586) 339-4870

Phone

Affordability Calculator

$1,351
Per Month
79%
21%
0%
Monthly Principal & Interest
$1,065
Monthly Property Taxes
$286
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
11/10/2025$173,000 Listed Price

Map


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15003 Forrer Street, Detroit, MI, 48227 is a Multi-Family Home for sale at $173,000 with 2,246 sqft and a lot size of 0.11. 15003 Forrer Street is a studio with 2.0 baths and was built in 1928. The property's zip code is 48227 which is in Detroit, MI