6903 Penrod Street Detroit, MI ^$ 185,000

6903 Penrod Street

^$ 185,000

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Recently Listed

6903 Penrod Street

Detroit, MI, 48228

^$ 185,000

Studio Baths2.0

Monthly Estimate*

^$ 1,168

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Studio

Multi-Family Home for sale in Detroit, MI

for $185,000 with 2 full baths. This home was built in 1929 on a lot size of 0.13.

This multi-unit investment property in Detroit spans 5,227 square feet of lot space, offering potential for residential income generation. The property is configured as a 2 to 4 unit structure, making it an attractive opportunity for investors seeking diversified revenue streams. Located in Detroit, MI, this property presents a practical foundation for those looking to build or expand their real estate portfolio. Consider the possibilities this multi-unit dwelling presents for your investment goals.

Multi-Family Active

Price

^$ 185,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 1,008

Style

2 to 4 Units

Lot Size

0.13

Year Built

1929

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

26036883

Features

General

Heating Forced Air

Utilities Natural Gas Connected Electricity Connected Cable Connected

Possession Close Of Escrow

Roof Composition

Construction Materials Brick

Year Built 1929

Tenant Pays Electric Water Sewer Gas

Township Detroit City

Property Subtype 2 to 4 Units

Tax Year 2025

County Wayne

New Construction N

Property Type Multi Family

Attached Garage N

Status Active

City Detroit

High School District Detroit

Number Of Units Total 2

Lot Size Units Acres

Lot Size Square Feet 5227.0

Listing Terms VA Loan FHA Cash Conventional

Land Lease Y/N N

Tax Annual Amount 1008.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Rent Control Y/N N

Standard Status Active

Tax Assessed Value 7802

Legal Description W PENROD 215 AND E 9' VAC ALLEY ADJ FRISCHKORNS WARREN AVE PARK SUB L39 P89 PLATS W C R 22/270 40 X 137

Senior Community None

Interior

Basement Full

Basement (Y/N) Y

Heating Y/N Y

Laundry Features In Basement

Total Baths 2

Exterior

Parking Features Concrete Driveway

Total Parking 4.0

Lot Size Area 0.13

Number of Buildings 1

Spa N

Lot Dimensions 40x126

Lot Size Acres 0.13

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 6903

* Excluded Features

List By

Simple Fee Listings

Broker

rmwolber@simplefeelistings.com

Affordability Calculator

$1,252

Per Month

Monthly Principal & Interest: $1,168
Monthly Property Taxes: $84
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$266,551

Percent of Sale Price 44%

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.

3706345 Elementary School

3706341 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/17/2026	$185,000		Listed Price

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6903 Penrod Street, Detroit, MI, 48228 is a Multi-Family Home for sale at $185,000 with a lot size of 0.13. 6903 Penrod Street is a studio with 2.0 baths and was built in 1929. The property's zip code is 48228 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Listing data provided courtesy of the Internet Data Exchange Program of MichRIC, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MichRIC, LLC. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information Deemed Reliable But Not Guaranteed

Data is updated as of 7/17/2026.

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6903 Penrod Street

Multi-Family Home for sale in Detroit, MI

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