1094 Waterman Street Detroit, MI $ 374,900
1094 Waterman Street
$ 374,900
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1094 Waterman Street

Detroit, MI, 48209
$ 374,900
Baths0.0

Monthly Estimate*

$ 2,308

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Studio

Multi-Family Home for sale in Detroit, MI

for $374,900. This home was built in 1925 on a lot size of 0.14.

Prime Southwest Detroit Investment Opportunity! This fully occupied 4-unit brick multifamily building offers strong, consistent rental income with a desirable mix of spacious 2- and 3-bedroom units. Each unit features both front and rear private entrances, adding convenience and tenant appeal, along with shared basement space for additional storage and functionality. Recent capital improvements include a newer roof, updated windows, and select mechanical upgrades, providing peace of mind and reduced maintenance costs for the next owner. The sale also includes the adjacent lot, offering ample off-street parking in addition to street parking—an exceptional value-add in this area. Located in Southwest Detroit, this property benefits from strong rental demand, proximity to major thoroughfares, local dining, shopping, and employment hubs. Ideal for both seasoned investors and those expanding their multifamily portfolio, this income-producing asset delivers immediate cash flow.

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Multi-Family Active

Price

$ 374,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,547

Style

2 to 4 Units

Lot Size

0.14

Year Built

1925

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

26003270

Features
General
Sewer Public Sewer
Heating Forced Air
Utilities Natural Gas Available Electricity Available Cable Available Natural Gas Connected Electricity Connected
Possession Close Of Escrow
Construction Materials Brick
Year Built 1925
Tenant Pays Electric Water Sewer Gas
Township Detroit City
Property Subtype 2 to 4 Units
Tax Year 2025
County Wayne
New Construction N
Property Type Multi Family
Status Active
City Detroit
High School District Detroit
Number Of Units Total 4
Lot Size Units Acres
Lot Size Square Feet 6098.0
Listing Terms Cash Conventional Contract
Land Lease Y/N N
Tax Annual Amount 7547.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 7547
Legal Description E WATERMAN 15 S 10 FT 14 KAIERS SUB L28 P78 PLATS W C R 18/265 40 X 157.50
Senior Community None
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Interior
Basement Full
Basement (Y/N) Y
Heating Y/N Y
Laundry Features In Basement
Total Baths 0
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Exterior
Total Parking 6.0
Lot Size Area 0.14
Number of Buildings 1
Spa N
Lot Dimensions 40x157
Lot Size Acres 0.14
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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Internal Only
Street Number 1 1094
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* Excluded Features
List By
@Properties Christie's Int'l

Broker

randi@adroitrealty.us

Email

Affordability Calculator

$2,937
Per Month
79%
21%
0%
Monthly Principal & Interest
$2,308
Monthly Property Taxes
$629
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.
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Nearby
3706345 Elementary School
3706341 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/28/2026$374,900 Listed Price

Map


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1094 Waterman Street, Detroit, MI, 48209 is a Multi-Family Home for sale at $374,900 with a lot size of 0.14. 1094 Waterman Street is a studio with 0.0 baths and was built in 1925. The property's zip code is 48209 which is in Detroit, MI