2928 Richton Street Detroit, MI $ 285,000
2928 Richton Street
$ 285,000
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2928 Richton Street

Detroit, MI, 48206
$ 285,000
Baths4.1 Sq 4,960

Monthly Estimate*

$ 1,778

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Studio

Multi-Family Home for sale in Detroit, MI

for $285,000 with 4 full baths, 1 half bath. This 4,960 square foot home was built in 1924 on a lot size of 0.14.

Unlock incredible income potential with this solid 4-unit multi-family building, each unit featuring three spacious bedrooms—a rare configuration that commands strong rents in the Detroit market. Located on historic Richton Street in the revitalizing Dexter-Linwood district, this property is ideal for investors seeking dependable cash flow and long-term appreciation. This well-maintained brick building offers major value, including: • Four (4) 3-bedroom units • Separate gas and electric meters—tenants pay their own utilities • Four (4) NEW furnaces—one for each unit, reducing future maintenance costs • Large living and dining rooms in each unit • Spacious kitchens with great layout potential • Shared basement with ample storage • Classic Detroit architectural character With high rental demand for 3-bedroom units in this area, investors can position this building for excellent monthly income. The separate utilities and new mechanicals make this an efficient, low-maintenance addition to any portfolio. Conveniently located near major corridors, public transit, schools, and ongoing neighborhood redevelopment, this property is well-situated for both stability and growth. Don’t miss out—schedule a tour today and discover the full potential of 2928 Richton Street!

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Multi-Family Active

Price

$ 285,000

Bedrooms

Studio

Full Bath

4

Half Bath

1

Property Type

Multi-Family

Taxes

$ 1,563

Style

Quadruplex

Lot Size

0.14

Year Built

1924

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251055033

Features
General
Sewer PublicSewer SewerAtStreet
Heating ForcedAir NaturalGas
Utilities CableAvailable UndergroundUtilities
Possession AtClose
Roof Asphalt
Garage Spaces 0.0
Patio/Porch Features Covered Porch
Architectural Style Quadruplex
Pool Features None
Construction Materials Brick
Exclusions Exclusion(s) Do Not Exist
Pets Allowed CatsOk DogsOk
Year Built 1924
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 30000.0
Operating Expense 6000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name LINWOOD HEIGHTS
Garage Y/N N
Rent Includes Water
Full Baths 4
Status Active
Directions South on Dexter East on Richton
City DetroitCity_Wayne
Disclosures ConformstoZoning NoEncroachment ExclusionsDoNotExist NoInventoryIncluded NoInventoryListAvailable NoRestrictions ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 4
MLS Area Area05043DetLivernoisI756GdRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 1563.0
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 15483
Expected Active Date 2025-11-21
Legal Description N RICHTON 481 W 17.50 FT 482 LINWOOD HEIGHTS SUB L35 P6 PLATS W C R 12/201 52.50 X 120.50
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Interior
Basement Full Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Window Features EnergyStarQualifiedWindows
Fireplace Y/N N
Above Grade Finished Area 4960.0
Half Baths 1
Above Grade Finished Area Unit Type SquareFeet
Total Baths 5
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Exterior
Exterior Amenities Balcony
Parking Features OnStreet Other SharedDriveway
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 52.5X120.5
Lot Size Acres 0.14
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 2928
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* Excluded Features
List By
Erick Howard

Listing Agent

Amin Realty

Broker

(248) 963-7048

Phone

Affordability Calculator

$1,908
Per Month
93%
7%
0%
Monthly Principal & Interest
$1,778
Monthly Property Taxes
$130
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
11/18/2025$285,000 Listed Price

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2928 Richton Street, Detroit, MI, 48206 is a Multi-Family Home for sale at $285,000 with 4,960 sqft and a lot size of 0.14. 2928 Richton Street is a studio with 4.1 baths and was built in 1924. The property's zip code is 48206 which is in Detroit, MI