309 Melbourne Street Detroit, MI ^$ 275,000

309 Melbourne Street

^$ 275,000

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Recently Listed

309 Melbourne Street

Detroit, MI, 48202

^$ 275,000

Bedrooms4 Baths3.0 Sq 1,884

Monthly Estimate*

^$ 1,693

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Multi-Family Home for sale in Detroit, MI

for $275,000 with 4 bedrooms and 3 full baths. This 1,884 square foot home was built in 1915 on a lot size of 0.11.

Turnkey three-unit multi family investment opportunity in Detroit. Two of the three units are currently tenant-occupied while the third floor lease recently lapsed March 1st. Property features newer finishes throughout, minimizing up front capital expenditures. Ideally located just minutes from Woodward Avenue, Wayne State University and Little Caesars Arena, with convenient access to downtown amenities, dining and entertainment. Strong rental demand area makes this a sold cash-flow addition to any investors portfolio with long-term upside.

Multi-Family Active

Price

^$ 275,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,274

Style

Lot Size

0.11

Year Built

1915

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

50200604

Features

General

Heating Forced Air

Cooling Window Unit(s)

Possession At Close

Water Public Water

Appliances Range/Oven Refrigerator

Status Active Active

Full Baths 3

Half Baths 0

Bathrooms 3

Year Built 1915

Subdivision Mc Laughlin Bros Sub Of Lt 8 MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Ownership Private

Municipality Detroit

Sale/Rent For Sale

Status Detail 0

Structure Style More than 2 Stories

Area Detroit (82001)

Primary City Detroit

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

Legal Description N MELBOURNE 24 MC LAUGHLIN BROS L17 P73 PLATS W C R 1/109 40 X 114.24A

DOM 0

Postal Code 48202

Price Per Sq Ft Total AG 145.97

Public Remarks

Interior

Basement Common

Beds 4

Fireplace? No

Total Number of Units 3

Fuel Type Natural Gas

Exterior

Exterior Brick

Exterior Amenities Fenced Yard Porch

Lot Size Area 0.11

Lot Dimensions 40 x 114

Waterfront Y/N No

* Excluded Features

List By

Matthew Jankowski

Listing Agent

Lucido And Associates, Inc

Broker

matt@lucidorealestate.com

Affordability Calculator

$1,883

Per Month

Monthly Principal & Interest: $1,693
Monthly Property Taxes: $190
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$249,139

Percent of Sale Price 9%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/3/2026	$275,000		Listed Price

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309 Melbourne Street, Detroit, MI, 48202 is a Multi-Family Home for sale at $275,000 with 1,884 sqft and a lot size of 0.11. 309 Melbourne Street has 4 bedrooms, 3.0 baths, and was built in 1915. The property's zip code is 48202 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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309 Melbourne Street

Multi-Family Home for sale in Detroit, MI

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