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2988 Richton Street Detroit, MI $ 193,000
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$ 193,000 Get more info
2988 Richton Street
$ 193,000
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2988 Richton Street

Detroit, MI, 48206
$ 193,000
Bedrooms6 Baths2.1 Sq 2,600

Monthly Estimate*

$ 1,219

2988 Richton Street, Detroit, MI 48206 - Image 1
2988 Richton Street, Detroit, MI 48206 - Image 2
2988 Richton Street, Detroit, MI 48206 - Image 3
2988 Richton Street, Detroit, MI 48206 - Image 4
2988 Richton Street, Detroit, MI 48206 - Image 5
2988 Richton Street, Detroit, MI 48206 - Image 6
2988 Richton Street, Detroit, MI 48206 - Image 7
2988 Richton Street, Detroit, MI 48206 - Image 8
2988 Richton Street, Detroit, MI 48206 - Image 9
2988 Richton Street, Detroit, MI 48206 - Image 10

Multi-Family Home for sale in Detroit, MI

for $193,000 with 6 bedrooms and 2 full baths, 1 half bath. This 2,600 square foot home was built in 1927 on a lot size of 0.1.

INVESTMENT OPPORTUNITY! 2986 and 2988 Richton Street are multifamily properties offering approximately 2,600 square feet in Detroit. 2988 Richton is vacant. This property may be purchased individually or as part of a 25-property investment portfolio consisting of 24 additional properties throughout Detroit. The portfolio includes a mix of tenant-occupied and vacant properties, providing investors with an opportunity to acquire individual assets or a substantial residential portfolio in a single transaction. Contact the listing broker for the complete list of properties, portfolio pricing, rent roll, occupancy information, lease details, and additional information. Individual and portfolio offers will be considered. 2986 Richton is currently rented out for 1,400 a month. Do not distrub tenant

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Multi-Family Active

Price

$ 193,000

Bedrooms

6

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 5,334

Style

Upper Lower Apartment

Lot Size

0.1

Year Built

1927

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261062642
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style UpperLowerApartment
Pool Features None
Construction Materials Brick
Pets Allowed Yes
Year Built 1927
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 16800.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name LINWOOD HEIGHTS
Garage Y/N N
Full Baths 2
Status Active
Directions From the Lodge Freeway (M-10) exit at Chicago Boulevard and travel east. Turn left onto Lawton Street then right onto Richton Street. Property will be on Richton Street.
City DetroitCity_Wayne
Disclosures ActualIncome NonConformingZoning NoEncroachment NoInventoryIncluded NoRestrictions TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description Residential
Number Of Units Total 2
MLS Area Area05043DetLivernoisI756GdRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 1
Land Lease Y/N N
Tax Annual Amount 5334.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 41080
Expected Active Date 2026-08-09
Legal Description N RICHTON 473 LINWOOD HEIGHTS SUB L35 P6 PLATS W C R 12/201 35 X 120.50
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Interior
Basement Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2600.0
Half Baths 1
Above Grade Finished Area Unit Type SquareFeet
Total Baths 3
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Exterior
Water Source Public
Foundation Details Basement Poured
Spa N
Lot Dimensions 35X120.5
Lot Size Acres 0.1
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2988
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* Excluded Features
List By
Antwuan M Hawkins

Listing Agent

Five Star Luxury Realty

Broker

(734) 330-6732

Phone

Affordability Calculator

$1,663
Per Month
73%
27%
0%
Monthly Principal & Interest
$1,219
Monthly Property Taxes
$445
Monthly 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
848539 Elementary School
848135 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/9/2026$193,000 Listed Price

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2988 Richton Street, Detroit, MI, 48206 is a Multi-Family Home for sale at $193,000 with 2,600 sqft and a lot size of 0.1. 2988 Richton Street has 6 bedrooms, 2.1 baths, and was built in 1927. The property's zip code is 48206 which is in Detroit, MI

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