1408 Lee Place Detroit, MI ^$ 420,000

1408 Lee Place

^$ 420,000

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1408 Lee Place

Detroit, MI, 48206

^$ 420,000

Studio Baths29.0 Sq 19,686

Monthly Estimate*

^$ 2,586

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Studio

Multi-Family Home for sale in Detroit, MI

for $420,000 with 29 full baths. This 19,686 square foot home was built in 1924 on a lot size of 0.21.

*OPPORTUNITY!* 29 unit apartment building (15 one bedroom units and 14 two bedroom units) in strategic corner location in the Herman Kiefer sub just south of Boston Edison. Huge opportunity to bring this apartment building back to its former glory! Bring all offers and act fast! Clear title with warranty deed and title insurance. Buyer to verify all information, taxes, room sizes, etc.

Multi-Family Active

Price

^$ 420,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,261

Style

Lot Size

0.21

Year Built

1924

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60980168

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Full Baths 29

Half Baths 0

Bathrooms 29

Year Built 1924

Subdivision Barbers Sub MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 337600

Ownership Private

Municipality Detroit

Zoning Multi-Family

Sale/Rent For Sale

Status Detail 0

Area Detroit (82001)

Primary City Detroit

Directions Rosa Parks to Lee Place to Destination

City Detroit

School District Detroit City School District

Financial Terms Cash

Legal Description N LEE PLACE 52 53 54 BARBERS SUB L30 P64 PLATS W C R 6/182 96.66 X 95.77

DOM 1

Postal Code 48206

Price Per Sq Ft Total AG 21.33

Public Remarks

Interior

Basement Block

Fireplace? No

Total Number of Units 29

Fuel Type Natural Gas

Exterior

Exterior Brick

Lot Size Area 0.21

Lot Dimensions 96.66X95.77

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Lawrence Else

Listing Agent

Realtyflo Inc

Broker

team@realtyflo.com

Affordability Calculator

$2,774

Per Month

Monthly Principal & Interest: $2,586
Monthly Property Taxes: $188
Monthly Home Insurance: --

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Interest Rate

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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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THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$256,903

Percent of Sale Price 39%

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
4/1/2026	$420,000		Listed Price

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1408 Lee Place, Detroit, MI, 48206 is a Multi-Family Home for sale at $420,000 with 19,686 sqft and a lot size of 0.21. 1408 Lee Place is a studio with 29.0 baths and was built in 1924. The property's zip code is 48206 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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1408 Lee Place

Multi-Family Home for sale in Detroit, MI

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