12144 Washburn Street
Detroit, MI, 48204 $ 159,900
Bedrooms-- Baths3.0 Sq 2,831 Monthly Estimate*
$ 1,104
for $159,900 with 3 full baths. This 2,831 square foot home was built in 1926 on a lot size of 0.09.
To respect our tenants' privacy, interior showings are available upon accepted offer only. Please do not disturb occupants. This property is being sold as a two-unit dwelling with an additional finished bonus suite. Sold AS IS. Fully Rented Brick Two-Family + Bonus Third Unit -- Income From Day One! All three units are fully utility-separated, with individual electric and gas meters, dedicated water heaters, and separate furnaces. Current rents are $1,250 for Unit 1, $1,150 for Unit 2, and $700 for Unit 3. Cash flow starts the moment you close on this handsome yellow-brick two-family -- legally zoned as a duplex, with a fully finished bonus third-floor suite. All units are occupied and generating income right now, so there's no vacancy, no waiting. Just turnkey returns. Every unit has been fully remodeled top to bottom: gleaming refinished hardwood floors, brand-new carpet, fresh neutral paint, and updated kitchens with new cabinetry, granite-look counters, and sleek gooseneck faucets. The first-floor unit charms with a classic painted-brick fireplace flanked by original leaded-glass built-ins -- character you simply can't build anymore. Updated baths, new flooring, and ceiling fans throughout round out the package. The finished third level is the showstopper: a private suite with its own kitchenette, full bath, and cozy dormered living space -- already occupied and adding to the bottom line, the kind of value-add most investors only dream of finding already done. Add a covered front porch, upper balcony, and fenced yard, and you've got a rock-solid, fully performing brick asset that's been renovated, rented, and ready to hand over. No projects. No surprises. Just deposits. Three remodeled units. Rent checks. One smart buy -- don't let this one get away.
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FeaturesGeneralHeating Forced Air
Possession At Close
Water Public Water
Status Active Active
Full Baths 3
Half Baths 0
Bathrooms 3
Year Built 1926
Subdivision Maidstone Park Sub MI
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 30000
Ownership Private
Municipality Detroit
Sale/Rent For Sale
Status Detail 0
Area Detroit (82001)
Primary City Detroit
Directions wyoming and myers
City Detroit
School District Detroit City School District
Financial Terms Conventional
Legal Description E WASHBURN 87 MAIDSTONE PARK SUB L30 P69 PLATS W C R 16/232 35 X 112
DOM 65
Postal Code 48204
Price Per Sq Ft Total AG 56.48
Public Remarks To respect our tenants' privacy
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InteriorBasement Block
Fireplace? No
Total Number of Units 3
Fuel Type Natural Gas
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ExteriorExterior Brick
Lot Size Area 0.09
Lot Dimensions 35X112
Roads Paved Street
Waterfront Y/N No
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* Excluded FeaturesList ByMichael CelsiListing Agent
Apex Realty CentersBroker
mikeanthonyumich@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,104
- Monthly Property Taxes
- $393
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyMulti-family listings in Detroit, MI
Average List Price $248,272
Percent of Sale Price 55%
About Detroit, MI 633,657 Population
-33% Since 2002
$ 26,977 Median Income
36.23 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/10/2026 | $159,900 | -2.50% | Price Down |
| 8/25/2026 | $164,000 | -3.53% | Price Down |
| 8/20/2026 | $170,000 | -2.86% | Price Down |
| 8/18/2026 | $175,000 | -5.41% | Price Down |
| 8/4/2026 | $185,000 | | Listed Price |