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1014 Waterman Street Detroit, MI $ 125,000
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$ 125,000 Get more info
1014 Waterman Street
$ 125,000
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1014 Waterman Street

Detroit, MI, 48209
$ 125,000
Bedrooms6 Baths2.1 Sq 2,600

Monthly Estimate*

$ 863

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Multi-Family Home for sale in Detroit, MI

for $125,000 with 6 bedrooms and 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 $125,00 As-is and ready for someone to maximize on profits and 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 over 50% (As-Is)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.

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Multi-Family Active

Price

$ 125,000

Bedrooms

6

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 6,656

Style

Duplex

Lot Size

0.11

Year Built

1915

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261074154
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Duplex
Pool Features None
Construction Materials Brick
Pets Allowed Yes
Year Built 1915
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 4000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name KAIERS SUB OF LTS 16 THRU 29
Garage Y/N N
Full Baths 2
Status Active
Directions N of Lafayette / E of Springwells Directions: I75 Springwells Service Dr & Waterman
City DetroitCity_Wayne
Disclosures ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 2
MLS Area Area05101DetSouthOfGrandRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 1
Land Lease Y/N N
Tax Annual Amount 6656.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type MultipleOccupantTypes
Tax Assessed Value 52411
Expected Active Date 2026-09-17
Legal Description E WATERMAN 28 KAIERS SUB L28 P78 PLATS W C R 18/265 30 X 157.5
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Interior
Basement Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2600.0
Half Baths 1
Above Grade Finished Area Unit Type SquareFeet
Total Baths 3
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Exterior
Water Source Public
Foundation Details Basement Poured
Spa N
Lot Dimensions 30X157.5
Lot Size Acres 0.11
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1014
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* Excluded Features
List By
Candace Kiminaia Sawa

Listing Agent

Icon Realty Experts, Llc

Broker

(248) 965-0575

Phone

Affordability Calculator

$1,418
Per Month
61%
39%
0%
Monthly Principal & Interest
$863
Monthly Property Taxes
$555
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
848539 Elementary School
848135 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/20/2026$125,000 -13.79% Price Down
10/12/2026$145,000 -9.32% Price Down
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 $125,000 with 2,600 sqft and a lot size of 0.11. 1014 Waterman Street has 6 bedrooms, 2.1 baths, and was built in 1915. The property's zip code is 48209 which is in Detroit, MI

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