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309 Melbourne Street Detroit, MI $ 275,000
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$ 275,000 Get more info
309 Melbourne Street
$ 275,000
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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.

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Multi-Family Active

Price

$ 275,000

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 2,274

Style

Morethan2 Stories

Lot Size

0.11

Year Built

1915

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

58050200604
Features
Interior
Interior Amenities LaundryFacility
Basement Common
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1884.0
Total Bedrooms 4
Above Grade Finished Area Source PublicRecords
Above Grade Finished Area Unit Type SquareFeet
Total Baths 3
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General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Cooling WindowUnits
Possession AtClose
Appliances Oven Refrigerator Range
Garage Spaces 0.0
Patio/Porch Features Porch
Architectural Style Morethan2Stories
Construction Materials Brick
Year Built 1915
Property Subtype MultiFamily
County Wayne
New Construction N
Property Type ResidentialIncome
Association Amenities Laundry
HOA N
Attached Garage N
Subdivision Name MC LAUGHLIN BROS SUB OF LT 8
Garage Y/N N
Rent Includes Heat Water
Full Baths 3
Status Active
City DetroitCity_Wayne
Disclosures TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Number Of Units Total 3
MLS Area Area05043DetLivernoisI756GdRiver
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 2274.0
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
Legal Description N MELBOURNE 24 MC LAUGHLIN BROS L17 P73 PLATS W C R 1/109 40 X 114.24A
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Exterior
Fencing Fenced
Water Source Public
Foundation Details Basement
Spa N
Lot Dimensions 40 x 114
Lot Size Acres 0.11
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 309
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* Excluded Features
List By
Matthew Jankowski

Listing Agent

Lucido And Associates, Inc

Broker

(313) 995-3587

Phone

Affordability Calculator

$1,883
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,693
Monthly Property Taxes
$190
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
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

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