6903 Penrod Street Detroit, MI ^$ 185,000

6903 Penrod Street

^$ 185,000

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6903 Penrod Street

Detroit, MI, 48228

^$ 185,000

Studio Baths0.0

Monthly Estimate*

^$ 1,168

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Studio

Multi-Family Home for sale in Detroit, MI

for $185,000. 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

Property Type

Multi-Family

Taxes

^$ 1,008

Style

Lot Size

0.13

Year Built

1929

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

70546559

Features

General

Heating Forced Air

Garage Additional Garage(s)

Status Active Active

Year Built 1929

County Wayne

Class MULTIFAMILY

Type Multi-Family

Municipality Detroit

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Detroit (82001)

Primary City Detroit

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional FHA VA

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

DOM 1

Postal Code 48228

Public Remarks 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

Exterior

Exterior Brick

Frontage 40

Lot Size Area 0.13

Lot Dimensions 40x126

Roads City/County

Waterfront Y/N No

Interior

Total Number of Units 2

Fuel Type Natural Gas

* Excluded Features

List By

Randall Wolber

Listing Agent

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.

759604 Elementary School

760475 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 0.0 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.

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6903 Penrod Street

Multi-Family Home for sale in Detroit, MI

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