12622 Promenade Street Detroit, MI ^$ 130,000

12622 Promenade Street

^$ 130,000

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12622 Promenade Street

Detroit, MI, 48213

^$ 130,000

Studio Baths2.0 Sq 1,540

Monthly Estimate*

^$ 821

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Studio

Multi-Family Home for sale in Detroit, MI

for $130,000 with 2 full baths. This 1,540 square foot home was built in 1951 on a lot size of 0.12.

Potential money making 2 family property. 2 bedrooms, kitchen, living, dining and bathroom in the lower unit. 1 bedroom, kitchen, living and bedroom in the upper unit. Full shared basement with 2 furnaces and 2 water heaters, 2 car garage. Most recently rented for $1000 downstairs and $800 upstairs.

Multi-Family Active

Price

^$ 130,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,592

Style

Bungalow

Lot Size

0.12

Year Built

1951

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61026518

Features

General

Heating Forced Air

Cooling Ceiling Fan(s)

Possession At Close

Water Public Water Public Water at Street

Status Active Active

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1951

Subdivision Stevens Estate Sub 1Plats MI

Water Heater Gas

Style Bungalow

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 18600

Ownership Private

Municipality Detroit

Zoning Multi-Family

Sale/Rent For Sale

Status Detail 0

Structure Style 1 1/2 Story

Area Detroit (82001)

Primary City Detroit

Directions E on Gratiot to Outer Dr S on Outer Dr to Park Rd W on Park Rd to Promenade N on Promenade to address

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional FHA VA

Legal Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2029. S PROMENADE 293 STEVENS ESTATE SUB NO 1 L45 P29 PLATS

DOM 1

Postal Code 48213

Price Per Sq Ft Total AG 84.42

Public Remarks Potential money making 2 family property. 2 bedrooms kitchen living dining and bathroom in the lower unit. 1 bedroom kitchen

Interior

Basement Block Common

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Brick

Frontage 35

Lot Size Area 0.12

Lot Dimensions 35X148.6

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Danny Peterson

Listing Agent

Exp Realty Main

Broker

danny.peterson@exprealty.com

Affordability Calculator

$1,037

Per Month

Monthly Principal & Interest: $821
Monthly Property Taxes: $216
Monthly Home Insurance: --

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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 ^$257,069

Percent of Sale Price 98%

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
9/1/2026	$130,000		Listed Price

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12622 Promenade Street, Detroit, MI, 48213 is a Multi-Family Home for sale at $130,000 with 1,540 sqft and a lot size of 0.12. 12622 Promenade Street is a studio with 2.0 baths and was built in 1951. The property's zip code is 48213 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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12622 Promenade Street

Multi-Family Home for sale in Detroit, MI

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