1014 Waterman Street
Detroit, Michigan 48209
6
Bed
2.5
Bath
2,600Sqft
0.11Acre(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bathroom Information
Total Baths: 2.5 Full Baths: 2 Half Baths: 1 -
Interior Features
Basement Description: Unfinished -
Heating & Cooling
Heating: Forced Air Heating Fuel: Natural Gas
-
Building Information
Year Built: 1915 Building Stories: 2 Story Total Units: 2 Foundation/Basement: Basement Architecture: Duplex -
Exterior Features
Construction: Brick -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal)
-
Lot Information
Lot Size: 0.11 Lot Dimensions: 30X157.5 -
Property Information
SQ ft: 2600 Subdivision: Kaiers Sub Of Lts 16 Thru 29 Financing: Cash,Conventional
-
Listing Price Information
Original List Price: $159,900 -
Listing Information
Possession: At Close Legal Description: E WATERMAN 28 KAIERS SUB L28 P78 PLATS, W C R 18/265 30 X 157.5
-
Tax Information
Annual Tax: $6,656 Parcel Number: W18I008110SPossession
At CloseLegal Information
Legal Description: Section: E WATERMAN 28 KAIERS SUB L28 P78 PLATS, W C R 18/265 30 X 157.5
-
Unit 3 Information
# of Bedrooms: 2
-
School Information
School District: Detroit -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2398 Stair Street , Detroit, MI, 48209 | $315,000 | 8 | 2.5 | 2,016 | 0.08 Acre |
Similar Multifamily To 1014 Waterman Street
Nearby For Sale
Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.
ByOwner last updated this listing 09/18/2026 @ 07:48
More Cities with for Sale by Owner Homes
- Detroit Homes For Sale By Owner
- River Rouge Homes For Sale By Owner
- Hamtramck Homes For Sale By Owner
- Highland Park Homes For Sale By Owner
- Grosse Pointe Park Homes For Sale By Owner
- Dearborn Homes For Sale By Owner
- Grosse Pointe Homes For Sale By Owner
- Melvindale Homes For Sale By Owner
- Ecorse Homes For Sale By Owner
- Grosse Pointe Farms Homes For Sale By Owner
- Hazel Park Homes For Sale By Owner
- Ferndale Homes For Sale By Owner
- Harper Woods Homes For Sale By Owner
- Lincoln Park Homes For Sale By Owner
- Center Line Homes For Sale By Owner
- Pleasant Ridge Homes For Sale By Owner
- Allen Park Homes For Sale By Owner
- Eastpointe Homes For Sale By Owner
- Grosse Pointe Woods Homes For Sale By Owner
- Huntington Woods Homes For Sale By Owner
Homes around $159,900
Verify Your Email
Please enter the 6-digit verification code
sent to your email address.
Verify Your Phone Number
Please enter the 6-digit verification code
sent to your mobile phone.