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

Lot Size

0.17

Year Built

1911

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

70504544

Features

General

Heating Forced Air

Cooling None

Status Active Active

Year Built 1911

County Wayne

Class MULTIFAMILY

Type Multi-Family

Municipality Detroit

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Detroit (82001)

Primary City Detroit

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional FHA VA

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

DOM 21

Postal Code 48208

Public Remarks 4-unit 75% occupied in highly desirable Woodbridge. All units are 1BR/1BA currently generating $3

Exterior

Exterior Brick

Frontage 58

Lot Size Area 0.17

Lot Dimensions 57 x 130

Roads City/County

Waterfront Y/N No

Interior

Total Number of Units 4

Fuel Type Natural Gas

* Excluded Features

List By

Ishma Best

Listing Agent

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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Down Payment

Loan Term

Interest Rate

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.

759604 Elementary School

760475 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.

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1531 W Warren Avenue

Multi-Family Home for sale in Detroit, MI

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