16194 Princeton Street Detroit, MI $ 168,000
16194 Princeton Street
$ 168,000
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16194 Princeton Street

Detroit, MI, 48221
$ 168,000
Baths2.0 Sq 2,132

Monthly Estimate*

$ 1,048

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Studio

Multi-Family Home for sale in Detroit, MI

for $168,000 with 2 full baths. This 2,132 square foot home was built in 1927 on a lot size of 0.09.

Investor Special with NEZ Tax Incentives! Ready for the right visionary, this Multi-family offers the perfect canvas for simple updates or a full value-add project. A recent appraisal shows an ARV of $300,000, making this a strong opportunity for anyone looking to capture instant equity. Whether you're planning a fix and flip or adding to your rental portfolio, the numbers make sense - recent rental income was $2,200/month, offering solid cash-flow in the highly desirable neighborhood of Martin Park. Rental demand in the area is strong, making this an ideal option for investors seeking steady, reliable returns. Featuring generous room sizes, a functional layout, and plenty of charm, this home can easily shine again. Bring your contractor and your imagination - the upside is undeniable. Seller offering a $5,000 Credit towards NEW Windows. Don't miss your chance to own this cash flowing asset! Centrally located with easy access to Ferndale, Royal Oak, Downtown Detroit and major freeways.

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Multi-Family Active

Price

$ 168,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,529

Style

Colonial,Tudor

Lot Size

0.09

Year Built

1927

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60953818

Features
General
Heating Forced Air
Possession Negotiable (Possession)
Water Public Water
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1927
Subdivision Martin Park MI
Style Colonial Tudor
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 0
Ownership Private
Municipality Detroit
Zoning Residential
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Detroit (82001)
Primary City Detroit
Directions South of McNichols & East of Livernois
City Detroit
School District Detroit City School District
Financial Terms Cash Conventional FHA VA
Legal Description E PRINCETON 320 MARTIN PARK SUB L32 P44 PLATS W C R 12/247 35 X 112
DOM 23
Postal Code 48221
Price Per Sq Ft Total AG 78.8
Public Remarks Investor Special with NEZ Tax Incentives! Ready for the right visionary
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Exterior
Exterior Brick Wood
Exterior Amenities Exterior Balcony Porch
Lot Size Area 0.09
Lot Dimensions 35X112
Roads Paved Street
Waterfront Y/N No
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Interior
Fireplace? No
Total Number of Units 2
Fuel Type Natural Gas
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* Excluded Features
List By
Jim Shaffer

Listing Agent

Good Company

Broker

dontsendoffershere@gmail.com

Email

Affordability Calculator

$1,176
Per Month
89%
11%
0%
Monthly Principal & Interest
$1,048
Monthly Property Taxes
$127
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
11/17/2025$168,000 Listed Price

Map


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16194 Princeton Street, Detroit, MI, 48221 is a Multi-Family Home for sale at $168,000 with 2,132 sqft and a lot size of 0.09. 16194 Princeton Street is a studio with 2.0 baths and was built in 1927. The property's zip code is 48221 which is in Detroit, MI