20231 Kelly Road Detroit, MI $ 469,900
20231 Kelly Road
$ 469,900
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20231 Kelly Road

Detroit, MI, 48225
$ 469,900
Baths8.0 Sq 6,400

Monthly Estimate*

$ 2,893

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Studio

Multi-Family Home for sale in Detroit, MI

for $469,900 with 8 full baths. This 6,400 square foot home was built in 1963 on a lot size of 0.19.

Excellent opportunity to own this fully occupied, well-maintained 8-unit investment property in Northeast Detroit, right on the Harper Woods boarder. Unit mix includes (4) one-bedroom and (4) two-bedroom apartments — fully leased and generating immediate income. Separate electric meters for each unit. Recent updates include roof (2020) and hot water tank (2021), and several unit turns/ updates in the last year. Conveniently located near shopping and major freeways. A great addition to any portfolio — don't miss this one!

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Multi-Family Active

Price

$ 469,900

Bedrooms

Studio

Full Bath

8

Property Type

Multi-Family

Taxes

$ 14,940

Style

Upper Lower Apartment

Lot Size

0.19

Year Built

1963

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261011512

Features
General
Sewer PublicSewer
Heating Baseboard NaturalGas
Cooling WallUnits
Possession SubjectToTenantRights
Roof Asphalt
Garage Spaces 0.0
Architectural Style UpperLowerApartment
Pool Features None
Construction Materials Brick
Exclusions Exclusion(s) Do Not Exist
Pets Allowed Call
Year Built 1963
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 53982.0
Operating Expense 28218.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name TERNES SUPERHIGHWAY
Garage Y/N N
Rent Includes Heat Water
Full Baths 8
Status Active
Directions SOUTH OF 8 MILE AND WEST OF KELLY
City DetroitCity_Wayne
Disclosures ActualIncome ExclusionsDoNotExist NoRestrictions TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial MultiFamily
Number Of Units Total 8
MLS Area Area05054Det8ToGratiotHoustonTo7
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 8
Land Lease Y/N N
Tax Annual Amount 14940.0
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 187435
Expected Active Date 2026-03-20
Legal Description W KELLY RD 50 THRU 47 N 10 FT 46 TERNES SUPERHIGHWAY SUB L61 P72 PLATS W C R 21/967 90 X 90
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Interior
Basement Common CommonStorageLocker Unfinished
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 6400.0
Half Baths 0
Laundry Features CommonArea
Above Grade Finished Area Unit Type SquareFeet
Total Baths 8
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Exterior
Water Source Public
Total Parking 8.0
Foundation Details Basement Block
Spa N
Lot Dimensions 90X90
Lot Size Acres 0.19
Waterfront Y/N N
Road Frontage Type Paved PrivateRoad
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 20231
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* Excluded Features
List By
Edgar Butler

Listing Agent

@Properties Christie's Int'l R.E. Birmingham

Broker

(248) 805-2554

Phone

Affordability Calculator

$4,138
Per Month
70%
30%
0%
Monthly Principal & Interest
$2,893
Monthly Property Taxes
$1,245
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
3/19/2026$469,900 Listed Price

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20231 Kelly Road, Detroit, MI, 48225 is a Multi-Family Home for sale at $469,900 with 6,400 sqft and a lot size of 0.19. 20231 Kelly Road is a studio with 8.0 baths and was built in 1963. The property's zip code is 48225 which is in Detroit, MI