5061 Hillsboro Street Detroit, MI $ 199,900
5061 Hillsboro Street
$ 199,900
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5061 Hillsboro Street

Detroit, MI, 48204
$ 199,900
Baths2.0 Sq 2,558

Monthly Estimate*

$ 1,231

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Studio

Multi-Family Home for sale in Detroit, MI

for $199,900 with 2 full baths. This 2,558 square foot home was built in 1924 on a lot size of 0.09.

Income-Producing Brick Duplex | Section 8 | Turnkey Solid brick duplex featuring two spacious 3-bedroom, 1-bath units, one on each level. Each unit includes its own private basement with separate laundry, offering convenience and strong tenant appeal. Both units are currently rented, generating a combined monthly income of $2,800. One unit is occupied by a Section 8 tenant, providing stable, government-backed income, while the second unit is leased to a standard cash tenant, creating a balanced and diversified rental stream. This is a true turnkey asset with extensive 2024–2025 upgrades, keeping CAPEX reserves in your pocket, not in the property. Nearly everything a new owner would typically worry about has already been addressed: -Updated kitchens in both units (2025) -Updated bathrooms in both units (2025) -New windows in the lower unit (2025) -Fresh paint throughout the entire building (2025) -New water lines (2024) -New electrical lines (2024) Separate utilities, functional layout, and strong rental history make this an ideal opportunity for investors seeking immediate cash flow. Also well-suited for owner-occupants looking to offset or potentially eliminate their mortgage with rental income.

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Multi-Family Active

Price

$ 199,900

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,959

Style

Duplex

Lot Size

0.09

Year Built

1924

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261003938

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession SubjectToTenantRights
Garage Spaces 0.0
Architectural Style Duplex
Pool Features None
Construction Materials Brick
Exclusions Exclusion(s) Do Not Exist
Pets Allowed Yes
Year Built 1924
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 33600.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name MORE THAN ONE SUB INVOLVED
Garage Y/N N
Rent Includes Water
Full Baths 2
Status Active
Directions Turn into street
City DetroitCity_Wayne
Disclosures ActualIncome ExclusionsDoNotExist NoRestrictions TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description Residential
Number Of Units Total 2
MLS Area Area05101DetSouthOfGrandRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 2959.0
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 32800
Expected Active Date 2026-01-19
Legal Description S HILLSBORO 25 SECOND ADDITION TO DAILEY PARK SUB L32 P47 PLATS W C R 16/166 REAR W 5.19 FT 100 FREDERICK C MARTINDALE SUB L32 P19 PLATS W C R 16/167 35 X 120
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Interior
Basement Full Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2558.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Exterior
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 35X120
Lot Size Acres 0.09
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 5061
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* Excluded Features
List By
Ahsan Tarar

Listing Agent

Tarar Homes

Broker

(313) 888-0315

Phone

Affordability Calculator

$1,477
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,231
Monthly Property Taxes
$247
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1/20/2026$199,900 Listed Price

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5061 Hillsboro Street, Detroit, MI, 48204 is a Multi-Family Home for sale at $199,900 with 2,558 sqft and a lot size of 0.09. 5061 Hillsboro Street is a studio with 2.0 baths and was built in 1924. The property's zip code is 48204 which is in Detroit, MI