2981 Richton Street Detroit, MI ^$ 174,900

2981 Richton Street

^$ 174,900

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2981 Richton Street

Detroit, MI, 48206

^$ 174,900

Studio Baths2.1 Sq 2,600

Monthly Estimate*

^$ 1,104

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Studio

Multi-Family Home for sale in Detroit, MI

for $174,900 with 2 full baths, 1 half bath. This 2,600 square foot home was built in 1926 on a lot size of 0.1.

This expansive all-brick two-unit multifamily property offers incredible income potential in a prime Detroit location. Each spacious unit features three bedrooms, one full bathroom, expansive living and dining areas, and separately metered gas and electric utilities, providing added convenience for both owners and tenants. Ideally situated just two blocks from the vibrant Dexter corridor and moments from the historic Boston-Edison and Russell Woods/Nardin Park neighborhoods, this property is surrounded by ongoing revitalization and strong long-term growth potential. Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the other, this is an opportunity you won't want to miss. Property is being sold As-Is.

Multi-Family Active

Price

^$ 174,900

Bedrooms

Studio

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 3,606

Style

Lot Size

0.1

Year Built

1926

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61009071

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Full Baths 2

Half Baths 1

Bathrooms 3

Year Built 1926

Subdivision Linwood Heights MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 36000

Ownership Private

Municipality Detroit

Zoning Residential

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Virtual Tour https://www.zillow.com/view-imx/6382734a-8182-490d-848b-01146c8044dc?initialViewType=pano

Directions From Linwood..W On Richton

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

Legal Description S RICHTON 409 LINWOOD HEIGHTS SUB L35 P6 PLATS W C R 12/201 35 X 120.50

DOM 1

Postal Code 48206

Price Per Sq Ft Total AG 67.27

Public Remarks This expansive all-brick two-unit multifamily property offers incredible income potential in a prime Detroit location. Each spacious unit features three bedrooms one full bathroom

Interior

Basement Block

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Brick

Frontage 35

Lot Size Area 0.1

Lot Dimensions 35 x 121

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Anthony Djon

Listing Agent

Anthony Djon Luxury Real Estate

Broker

anthony@anthonydjon.com

Affordability Calculator

$1,405

Per Month

Monthly Principal & Interest: $1,104
Monthly Property Taxes: $301
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

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 ^$266,415

Percent of Sale Price 52%

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
7/8/2026	$174,900		Listed Price

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2981 Richton Street, Detroit, MI, 48206 is a Multi-Family Home for sale at $174,900 with 2,600 sqft and a lot size of 0.1. 2981 Richton Street is a studio with 2.1 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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2981 Richton Street

Multi-Family Home for sale in Detroit, MI

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