1531 W Warren Avenue Detroit, MI ^$ 509,000

1531 W Warren Avenue

^$ 509,000

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1531 W Warren Avenue

Detroit, MI, 48208

^$ 509,000

Studio Baths0.0

Monthly Estimate*

^$ 3,175

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Studio

Multi-Family Home for sale in Detroit, MI

for $509,000. This home was built in 1911 on a lot size of 0.17.

4-unit, 75% occupied, in highly desirable Woodbridge. All units are 1BR/1BA currently generating $3,065/month. Seller Financing Offers must be at least 20% down and a 2 year balloon payment. Located on a tree-lined street near Wayne State, Henry Ford Hospital, DMC, and downtown amenities. Strong rental demand in the area makes this a great opportunity for investors seeking consistent cash flow. Walkable to restaurants, shops, and parks. Turnkey property in a prime Detroit neighborhood.

Multi-Family Active

Price

^$ 509,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 20,241

Style

2 to 4 Units

Lot Size

0.17

Year Built

1911

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

25057887

Features

General

Heating Forced Air

Cooling None

Utilities Natural Gas Connected

Construction Materials Brick

Year Built 1911

Tenant Pays Electric Gas

Township Detroit City

Property Subtype 2 to 4 Units

Tax Year 2025

County Wayne

New Construction N

Property Type Multi Family

Status Active

City Detroit

High School District Detroit

Number Of Units Total 4

MLS Area Wayne County - 100

Lot Size Units Acres

Lot Size Square Feet 7405.0

Listing Terms VA Loan FHA Cash Conventional

Land Lease Y/N N

Tax Annual Amount 20241.0

Lease Renewal Y/N N

MLS Area Minor Wayne County - 100

Additional Parcels Y/N N

Rent Control Y/N N

Standard Status Active

Tax Assessed Value 271210

Legal Description E COMMONWEALTH 8 BLK 18 AVERY & MURPHYS SUB L9 P42 PLATS W C R 8/52 57.93 X 130

Senior Community None

Interior

Basement Full

Basement (Y/N) Y

Air Conditioning Y/N N

Heating Y/N Y

Total Baths 0

Exterior

Total Parking 0.0

Lot Size Area 0.17

Number of Buildings 1

Spa N

Lot Dimensions 57 x 130

Lot Size Acres 0.17

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1531

* Excluded Features

List By

Prep Realty

Broker

ishma@prepsold.com

Affordability Calculator

$4,862

Per Month

Monthly Principal & Interest: $3,175
Monthly Property Taxes: $1,687
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 ^$237,392

Percent of Sale Price 53%

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.

3706345 Elementary School

3706341 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/12/2025	$509,000		Listed Price

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1531 W Warren Avenue, Detroit, MI, 48208 is a Multi-Family Home for sale at $509,000 with a lot size of 0.17. 1531 W Warren Avenue is a studio with 0.0 baths and was built in 1911. The property's zip code is 48208 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.

Listing data provided courtesy of the Internet Data Exchange Program of MichRIC, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MichRIC, LLC. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information Deemed Reliable But Not Guaranteed

Data is updated as of 12/6/2025.

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1531 W Warren Avenue

Multi-Family Home for sale in Detroit, MI

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