1255 Waterman Street Detroit, MI $ 275,000
1255 Waterman Street
$ 275,000
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1255 Waterman Street

Detroit, MI, 48209
$ 275,000
Baths2.0 Sq 2,352

Monthly Estimate*

$ 1,693

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Studio

Multi-Family Home for sale in Detroit, MI

for $275,000 with 2 full baths. This 2,352 square foot home was built in 1914 on a lot size of 0.1.

Discover the perfect blend of historic charm and modern reliability in the heart of a vibrant Southwest Detroit community. This solid brick duplex offers a rare, turnkey opportunity for those seeking a beautiful multi-family home or a high-yield investment. Each spacious unit features three bedrooms, a formal dining room, and a large living area designed for comfortable living. Peace of mind comes standard with a brand-new roof and completely updated mechanicals, including new plumbing, electrical, and furnaces. The upper unit boasts a massive walk-up attic with endless potential to be converted into a master suite or entertainment hub. For added convenience, the sale includes two sets of stoves, refrigerators, washers, and dryers. Each unit also offers its own private, individual basement for ample storage. Outside, the recently paved backyard provides a versatile space for events or secure parking, featuring a remote-controlled electric gate that provides easy entry from the alley. The property is further secured with automatic exterior lighting and a comprehensive security camera system. Located within walking distance of local schools, grocery stores, and several parks, this property is perfectly positioned for families or tenants. This renovated gem is ready to welcome its next owners and begin its next chapter.

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Multi-Family Coming Soon

Price

$ 275,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,006

Style

Duplex

Lot Size

0.1

Year Built

1914

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261018696

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Duplex
Pool Features None
Construction Materials Brick
Pets Allowed Yes
Year Built 1914
Levels Three
Property Subtype MultiFamily
County Wayne
Net Operating Income 33600.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name MICHENFELDERS ANTON
Garage Y/N N
Full Baths 2
Status Coming Soon
Directions S of Dix St and W of Livernois Ave
City DetroitCity_Wayne
Disclosures ProjectedIncome TaxesPartiallyHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily Residential
Number Of Units Total 2
MLS Area Area05101DetSouthOfGrandRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 0
Land Lease Y/N N
Tax Annual Amount 4006.0
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 ComingSoon
Occupancy Type Owner
Tax Assessed Value 49039
Expected Active Date 2026-03-27
Legal Description W WATERMAN 50 ANTON MICHENFELDERS SUB L13 P100 PLATS W C R 18/269 30 X 143.62
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Interior
Basement Private Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2352.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Exterior
Parking Features Lighted Paved
Water Source Public
Foundation Details Basement BrickMortar
Spa N
Lot Dimensions 30X143.62
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 1255
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* Excluded Features
List By
Manuel Lomeli

Listing Agent

Munoz Realty Inc

Broker

(313) 463-1617

Phone

Affordability Calculator

$2,027
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,693
Monthly Property Taxes
$334
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
3/24/2026$275,000 Listed Price

Map


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1255 Waterman Street, Detroit, MI, 48209 is a Multi-Family Home for sale at $275,000 with 2,352 sqft and a lot size of 0.1. 1255 Waterman Street is a studio with 2.0 baths and was built in 1914. The property's zip code is 48209 which is in Detroit, MI