12824 Steel Street Detroit, MI ^$ 197,900

12824 Steel Street

^$ 197,900

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12824 Steel Street

Detroit, MI, 48227

^$ 197,900

Studio Baths5.0

Monthly Estimate*

^$ 1,250

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Studio

Multi-Family Home for sale in Detroit, MI

for $197,900 with 5 full baths. This home was built in 1927 on a lot size of 0.15.

Investment Opportunity in the Pride Area Community of Detroit. This Value-Add 4 Unit Multi-Family includes a 4 car garage. Each unit has 2 bedrooms and one bath. One unit is currently tenant occupied. Lots of potential!

Multi-Family Active

Price

^$ 197,900

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,931

Style

2 to 4 Units

Lot Size

0.15

Year Built

1927

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

26039977

Features

General

Sewer Public Sewer

Heating Forced Air

Utilities Natural Gas Available Natural Gas Connected Electricity Connected

Possession Close Of Escrow

Roof Composition

Construction Materials Brick

Year Built 1927

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 4

Lot Size Units Acres

Lot Size Square Feet 6534.0

Listing Terms Cash Conventional

Land Lease Y/N N

Tax Annual Amount 3931.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Tax Assessed Value 44229

Legal Description E STEEL 91 JOHN M WELCHS MAYVIEW SUB L32 P59 PLATS W C R 22/67 23.1 IRREG

Senior Community None

Interior

Basement Full

Basement (Y/N) Y

Heating Y/N Y

Laundry Features In Basement

Total Baths 5

Exterior

Parking Features Driveway Gravel

Lot Features Sidewalk

Total Parking 4.0

Lot Size Area 0.15

Number of Buildings 2

Spa N

Lot Dimensions 23 X 115 X 90 X 133

Lot Size Acres 0.15

Road Surface Type Paved

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 12824

* Excluded Features

List By

Investor's Prop Mgmt Detroit

Broker

alana.kaye.enterprises@gmail.com

Affordability Calculator

$1,577

Per Month

Monthly Principal & Interest: $1,250
Monthly Property Taxes: $328
Monthly Home Insurance: --

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

Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$261,676

Percent of Sale Price 32%

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
8/1/2026	$197,900		Listed Price

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12824 Steel Street, Detroit, MI, 48227 is a Multi-Family Home for sale at $197,900 with a lot size of 0.15. 12824 Steel Street is a studio with 5.0 baths and was built in 1927. The property's zip code is 48227 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 8/2/2026.

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12824 Steel Street

Multi-Family Home for sale in Detroit, MI

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