3235 Monterey Street Detroit, MI $ 330,000
3235 Monterey Street
$ 330,000
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3235 Monterey Street

Detroit, MI, 48206
$ 330,000
Baths3.1 Sq 3,538

Monthly Estimate*

$ 2,032

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Studio

Multi-Family Home for sale in Detroit, MI

for $330,000 with 3 full baths, 1 half bath. This 3,538 square foot home was built in 1924 on a lot size of 0.14.

Turnkey investment opportunity located in the highly sought-after Boston-Edison Historic District. This newly renovated property is fully leased and generating $4,200 per month in rental income, making it an excellent addition to any investor's portfolio. The property has been thoughtfully updated throughout, offering modern improvements while complementing the character of the surrounding historic neighborhood. Positioned in one of the most desirable and rapidly revitalizing areas of Detroit, the location provides convenient access to major employment centers and popular local attractions. Nearby amenities include the iconic Motown Museum, Henry Ford Hospital, and the shops, dining, and entertainment along the Woodward Avenue corridor. Surrounded by beautiful historic architecture, tree-lined streets, and continued neighborhood investment, the area continues to attract strong tenant demand. With stable income already in place and a prime location in one of Detroit's most notable historic districts, this property presents a compelling opportunity for investors seeking both cash flow and long-term appreciation.

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Multi-Family Pending

Price

$ 330,000

Bedrooms

Studio

Full Bath

3

Half Bath

1

Property Type

Multi-Family

Taxes

$ 4,403

Style

Lot Size

0.14

Year Built

1924

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60975397

Features
General
Heating Forced Air
Possession At Close
Water Public Water
Status Pending Pending
Full Baths 3
Half Baths 1
Bathrooms 4
Year Built 1924
Subdivision Linwood Heights MI
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 40000
Ownership Private
Municipality Detroit
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Detroit (82001)
Primary City Detroit
Directions Head North on Linwood and turn left (West) on Monterey St
City Detroit
School District Detroit City School District
Financial Terms Cash Conventional
Legal Description S MONTEREY W 1/2 299 300 LINWOOD HEIGHTS SUB L35 P6 PLATS W C R 12/201 52.50 X 120.50
DOM 37
Postal Code 48206
Price Per Sq Ft Total AG 93.27
Public Remarks Turnkey investment opportunity located in the highly sought-after Boston-Edison Historic District. This newly renovated property is fully leased and generating $4 200 per month in rental income
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Exterior
Exterior Brick
Lot Size Area 0.14
Lot Dimensions 52.5X120.5
Roads Paved Street
Waterfront Y/N No
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Interior
Fireplace? No
Total Number of Units 4
Fuel Type Natural Gas
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* Excluded Features
List By
Drake O'Donnell

Listing Agent

Natod Management

Broker

sales@natodmgt.com

Email

Affordability Calculator

$2,399
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,032
Monthly Property Taxes
$367
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
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/11/2026$330,000 Listed Price

Map


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3235 Monterey Street, Detroit, MI, 48206 is a Multi-Family Home for sale at $330,000 with 3,538 sqft and a lot size of 0.14. 3235 Monterey Street is a studio with 3.1 baths and was built in 1924. The property's zip code is 48206 which is in Detroit, MI