3026 Lothrop Street Detroit, MI ^$ 139,900

3026 Lothrop Street

^$ 139,900

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3026 Lothrop Street

Detroit, MI, 48206

^$ 139,900

Studio Baths2.0 Sq 2,054

Monthly Estimate*

^$ 883

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Studio

Multi-Family Home for sale in Detroit, MI

for $139,900 with 2 full baths. This 2,054 square foot home was built in 1926 on a lot size of 0.08.

Excellent opportunity for investors or owner-occupants! This tenant-occupied multifamily property offers an established income stream from day one. Each unit features 2 bedrooms, 1 full bath, and a kitchen, along with an unfinished basement. Current rents are $900/month for the upper unit and $1,100/month for the lower unit. Both tenants pay their own gas and electric, while the landlord is responsible for taxes and water. Investors can take advantage of the existing cash flow, or a future owner-occupant can explore living in one unit while generating rental income from the other. Conveniently located north of W Grand Blvd and east of Grand River. Please respect tenant privacy and do not approach or disturb tenants. BATVAI.

Multi-Family Active

Price

^$ 139,900

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,916

Style

Colonial

Lot Size

0.08

Year Built

1926

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61029700

Features

General

Heating Steam

Possession At Close

Water Public Water

Status Active Active

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1926

Subdivision Crosman & Mc Kays Sub MI

Style Colonial

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 20000

Ownership Private

Municipality Detroit

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions N of W Grand Blvd / E of Grand River

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional FHA VA

Legal Description N LOTHROP 81 CROSMAN & MC KAYS SUB L17 P98 PLATS W C R 12/98 30 X 120

DOM 0

Postal Code 48206

Price Per Sq Ft Total AG 68.11

Public Remarks Excellent opportunity for investors or owner-occupants! This tenant-occupied multifamily property offers an established income stream from day one. Each unit features 2 bedrooms 1 full bath

Exterior

Exterior Brick

Frontage 30

Lot Size Area 0.08

Lot Dimensions 30X120

Roads Paved Street

Waterfront Y/N No

Interior

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

* Excluded Features

List By

Ronnie Alauddin

Listing Agent

Exp Realty Main

Broker

ronnie.alauddin@exprealty.com

Affordability Calculator

$1,210

Per Month

Monthly Principal & Interest: $883
Monthly Property Taxes: $326
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 ^$410,274

Percent of Sale Price 193%

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
9/12/2026	$139,900		Listed Price

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3026 Lothrop Street, Detroit, MI, 48206 is a Multi-Family Home for sale at $139,900 with 2,054 sqft and a lot size of 0.08. 3026 Lothrop Street is a studio with 2.0 baths and was built in 1926. The property's zip code is 48206 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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3026 Lothrop Street

Multi-Family Home for sale in Detroit, MI

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