1014 Waterman Street Detroit, MI ^$ 159,900

1014 Waterman Street

^$ 159,900

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1014 Waterman Street

Detroit, MI, 48209

^$ 159,900

Studio Baths2.1 Sq 2,600

Monthly Estimate*

^$ 1,010

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Studio

Multi-Family Home for sale in Detroit, MI

for $159,900 with 2 full baths, 1 half bath. This 2,600 square foot home was built in 1915 on a lot size of 0.11.

INVESTOR SPECIAL - HUGE VALUE-ADD OPPORTUNITY! This 2-unit multifamily duplex is priced to sell at $159,900 and ready for someone with vision to bring it back to life. Both units are in need of TLC and updating, making this an excellent opportunity for an investor looking to renovate, build equity, and maximize future rental or resale potential. Priced approximately 20-30% below updated multifamily properties in the area, there is plenty of room to add value through improvements. Renovate and hold for rental income, explore a house-hack opportunity, or reposition for resale. Bring your contractor, your creativity, and your vision -- the potential is here! A great opportunity to breathe new life into this property and turn it into something special.

Multi-Family Active

Price

^$ 159,900

Bedrooms

Studio

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 6,656

Style

Lot Size

0.11

Year Built

1915

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61031053

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Full Baths 2

Half Baths 1

Bathrooms 3

Year Built 1915

Subdivision Kaiers Sub Of Lts 16 Thru 29 MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 4000

Ownership Private

Municipality Detroit

Zoning Multi-Family

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions N of Lafayette / E of Springwells Directions: I75 Springwells Service Dr & Waterman

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

Legal Description E WATERMAN 28 KAIERS SUB L28 P78 PLATS W C R 18/265 30 X 157.5

DOM 1

Postal Code 48209

Price Per Sq Ft Total AG 61.5

Public Remarks INVESTOR SPECIAL - HUGE VALUE-ADD OPPORTUNITY! This 2-unit multifamily duplex is priced to sell at $159

Interior

Basement Poured

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Brick

Lot Size Area 0.11

Lot Dimensions 30X157.5

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Candace Kiminaia Sawa

Listing Agent

Icon Realty Experts, Llc

Broker

candace@iconrex.com

Affordability Calculator

$1,564

Per Month

Monthly Principal & Interest: $1,010
Monthly Property Taxes: $555
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 ^$254,773

Percent of Sale Price 59%

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
9/17/2026	$159,900		Listed Price

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1014 Waterman Street, Detroit, MI, 48209 is a Multi-Family Home for sale at $159,900 with 2,600 sqft and a lot size of 0.11. 1014 Waterman Street is a studio with 2.1 baths and was built in 1915. The property's zip code is 48209 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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1014 Waterman Street

Multi-Family Home for sale in Detroit, MI

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