31 W BARRETT Avenue Madison Heights, MI $ 275,000
31 W BARRETT Avenue
$ 275,000
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31 W BARRETT Avenue

Madison Heights, MI, 48071
$ 275,000
Baths2.0 Sq 1,584

Monthly Estimate*

$ 1,693

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Studio

Multi-Family Home for sale in Madison Heights, MI

for $275,000 with 2 full baths. This 1,584 square foot home was built in 1928 on a lot size of 0.1.

Welcome to 31 Barrett, a prime upper–lower duplex offering strong cash flow and value-add upside. This property was appraised at $290,000 in December 2025 and features two separate units with tenants currently on month-to-month leases, providing flexibility for an investor to come in, make improvements, and raise rents. The upper unit is Section 8 and rented month to month, while the lower unit offers significant value-add potential and is also month to month. Utilities are paid directly by the tenants, with water paid by the landlord and reimbursed through a bill-back system. This is an excellent opportunity for an investor seeking a solid rental or an owner-occupant looking to house hack while enjoying nearby local conveniences. Seller is open to a mortgage takeover with a minimum of 25% down (non-negotiable). Don’t miss your chance to secure a great cash-flowing duplex with upside potential

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Multi-Family Active

Price

$ 275,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 5,501

Style

Bungalow

Lot Size

0.1

Year Built

1928

Town/City

Madison Heights

County/Region

Oakland

MLS | Web ID

20261007644

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Cooling CeilingFans CentralAir
Possession Negotiable
Roof Asphalt
Garage Spaces 0.0
Patio/Porch Features Covered
Architectural Style Bungalow
Pool Features None
Construction Materials AluminumSiding
Pets Allowed Call
Year Built 1928
Levels Two
Property Subtype MultiFamily
County Oakland
Net Operating Income 32400.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name SLATER PARK SUB
Garage Y/N N
Full Baths 2
Status Active
Directions Enter Street Off John R South Of Lincoln
City MadisonHeightsCity_Oakland
Disclosures ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District MadisonMadisonHts
Zoning Description MultiFamily
Number Of Units Total 2
MLS Area Area02252MadisonHeights
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 5501.0
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 87780
Expected Active Date 2026-02-05
Legal Description T1N R11E SEC 23 SLATER PARK SUB LOT 54
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Interior
Basement Unfinished
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1584.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Exterior
Water Source Public
Total Parking 0.0
Foundation Details Basement Block
Spa N
Lot Dimensions 40.00 x 105.00
Lot Size Acres 0.1
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 31
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* Excluded Features
List By
Evan Bassy

Listing Agent

Keller Williams Paint Creek

Broker

(586) 663-0473

Phone

Affordability Calculator

$2,152
Per Month
79%
21%
0%
Monthly Principal & Interest
$1,693
Monthly Property Taxes
$458
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
4909233 Elementary School
4909307 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/22/2026$275,000 -1.43% Price Down
2/17/2026$279,000 -0.36% Price Down
2/10/2026$280,000 -1.75% Price Down
2/6/2026$285,000 Listed Price

Map


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31 W BARRETT Avenue, Madison Heights, MI, 48071 is a Multi-Family Home for sale at $275,000 with 1,584 sqft and a lot size of 0.1. 31 W BARRETT Avenue is a studio with 2.0 baths and was built in 1928. The property's zip code is 48071 which is in Madison Heights, MI