1038 Parker Street
Detroit, MI, 48214 $ 475,000
Baths0.0 Monthly Estimate*
$ 2,925
Studio for $475,000. This home was built in 1920 on a lot size of 0.22.
Open Saturday, June 13th, 3 p.m. to 5 p.m.This 3-unit home in West Village under $500K offering income potential and flexible layout in one of Detroit's most walkable historic neighborhoods. With 3,800 approximate sqft and a 60x157 lot, this 1920 gem combines charm, space, and rare versatility. Currently configured as a triplex, this property includes two finished units: Unit #2 (second floor) offers 2 bedrooms, 2 full baths, a large living room, dining area, and updated kitchen with hardwood floors. Unit #3 (third floor) features a living room, kitchen, dining space, and full bath and 1 bedroom. The entry level has been gutted and is ready for a custom design--ideal for owner-occupants, additional rental income, or a grand single-family conversion. Historic details remain, including original hardwoods and a fireplace on the main floor. There is a deep backyard with gardens, fruit trees, and a rain barrel setup. The 5-car garage with alley acce West Village, where alley-entry garages are part of the charm. Walk to local restaurants and Bistros, the Detroit Riverfront, and multiple parks. Whether you're seeking an investment, a multi-generational layout, or a single-family home with room to grow, this West Village opportunity is one of a kind for character, flexibility,design and walkability. ________________________________________
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FeaturesGeneralSewer Public Sewer
Heating Hot Water Steam
Utilities Phone Available Natural Gas Available Electricity Available Cable Available Natural Gas Connected Electricity Connected Cable Connected
Possession Close Of Escrow
Roof Composition Other
Construction Materials Brick
Exclusions None
Year Built 1920
Tenant Pays Electric
Township Detroit City
Property Subtype 2 to 4 Units
Tax Year 2025
Ownership Private Owned
County Wayne
New Construction N
Property Type Multi Family
Subdivision Name Parkers Resub
Status Active
Directions E. Jefferson turn right onto Seminole left onto E Lafayette right onto Parker Street
City Detroit
High School District Detroit
Zoning Description Residential
Number Of Units Total 3
MLS Area Wayne County - 100
Lot Size Units Acres
Lot Size Square Feet 9583.0
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 2582.0
Lease Renewal Y/N N
MLS Area Minor Wayne County - 100
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 30161
Legal Description E PARKER 53 S 10 FT 52 PARKERS RESUB L21 P99 PLATS W C R 17/16 60 X 157.72
Senior Community None
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InteriorBasement Full
Basement (Y/N) Y
Heating Y/N Y
Laundry Features Gas Dryer Hookup In Basement Sink Washer Hookup
Total Baths 0
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ExteriorLot Features Level Sidewalk
Total Parking 5.0
Lot Size Area 0.22
Number of Buildings 1
Spa N
Lot Dimensions 60x158
Lot Size Acres 0.22
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByStarlite PropertiesBroker
etoilelibbett@hotmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,925
- Monthly Property Taxes
- $215
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 $285,720
Percent of Sale Price 40%
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.
5312043 Elementary School
5312043 Middle School
Southeastern High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/1/2026 | $475,000 | -4.81% | Price Down |
| 11/24/2025 | $499,000 | | Listed Price |