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

Lot Size

0.14

Year Built

1924

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60954218

Features
Interior
Interior Amenities Cable/Internet Avail.
Basement Block
Fireplace? No
Total Number of Units 4
Fuel Type Natural Gas
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General
Heating Forced Air
Possession At Close
Water Public Water
Status Active Active
Full Baths 4
Half Baths 1
Bathrooms 5
Year Built 1924
Parking On Street
Subdivision Linwood Heights MI
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 30000
Ownership Private
Municipality Detroit
Zoning Multi-Family
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Detroit (82001)
Primary City Detroit
Virtual Tour https://site.windowstill.com/2928-Richton-St-1/idx
Directions South on Dexter East on Richton
City Detroit
School District Detroit City School District
Financial Terms Cash Conventional FHA FHA 203K
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
DOM 15
Postal Code 48206
Price Per Sq Ft Total AG 57.46
Public Remarks Unlock incredible income potential with this solid 4-unit multi-family building
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Exterior
Exterior Brick
Exterior Amenities Porch Exterior Balcony
Lot Size Area 0.14
Lot Dimensions 52.5X120.5
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Erick Howard

Listing Agent

Amin Realty

Broker

erickhowardsells@gmail.com

Email

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
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/18/2025$285,000 Listed Price

Map


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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