2292 Richton Street
Detroit, Michigan 48206
66
Bed
22
Bath
2,104Sqft
0.10Acre(Lot)
High-yield Detroit duplex with stable income and value-add upside. Prime investment structure: two-unit duplex (multi-family zoning) with 3-bedroom units—ideal for long-term rental demand and simple portfolio scaling. Complete renovation 2023 inside and out. Updated plumbing, electrical with new service pannels, HVAC with new furnances, all seperate utilities except one water meter that the tenants split the bill. New windows, roof & exterior siding, new decking and patios. Financial edge for buyers: lower listing price (seller motivated to move to larger multifamily) creates opportunity for immediate equity and accelerated returns through modest rent increases, expense optimization, or unit upgrades. Compare to comparables in the $250,000+ range. Fully occupied with tenant posse
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 22 Full Baths: 22 -
Room Information
Porches: BalconyInterior Features
Cable Available Roof: Asphalt Basement Description: Unfinished -
Heating & Cooling
Heating: Forced Air Heating Fuel: Natural GasWater Heater
Natural Gas
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Building Information
Year Built: 1923 Building Stories: 2 Story Total Units: 22 Roof: Asphalt Foundation/Basement: Basement Architecture: Duplex -
Exterior Features
Lighting Construction: Vinyl,Wood -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal) Water Heat: Natural Gas
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Lot Information
Lot Size: 0.10 Lot Dimensions: 45X100 Frontage Feet: 45 -
Property Information
SQ ft: 2104 Subdivision: Monterea Financing: Cash,Conventional
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Listing Price Information
Original List Price: $204,900 -
Listing Information
Possession: Subject To Tenant Rights Legal Description: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2027. N RICHTON E 15' 79 78 MONTEREA SUB L28 P67 PLATS, W C R 8/137 45 X 100
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Tax Information
Annual Tax: $1,782 Parcel Number: W08I003749SPossession
Subject To Tenant RightsLegal Information
Legal Description: Section: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2027. N RICHTON E 15' 79 78 MONTEREA SUB L28 P67 PLATS, W C R 8/137 45 X 100
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Unit 3 Information
# of Bedrooms: 22
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School Information
School District: Detroit -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2254 Taylor Street , Detroit, MI, 48206 | $325,000 | 6 | 2 | 2,614 | 2,614 SqFt |
| 1452 Collingwood Street , Detroit, MI, 48206 | $239,999 | 6 | 2 | 2,016 | 2,016 SqFt |
| 8438 Dexter Avenue , Detroit, MI, 48206 | $270,000 | 6 | 2 | 2,948 | 2,948 SqFt |
| 3346 S Blaine Street S S, Detroit, MI, 48206 | $239,999 | 6 | 2 | 2,600 | 2,600 SqFt |
| 2418 Calvert Street , Detroit, MI, 48206 | $447,900 | 8 | 4 | 3,800 | 3,800 SqFt |
| 7633 Woodrow Wilson Str.., Detroit, MI, 48206 | $255,900 | 6 | 2 | 2,376 | 2,376 SqFt |
| 1421 Blaine Street , Detroit, MI, 48206 | $45,000 | 4 | 2 | 2,256 | 2,256 SqFt |
| 1634 W Philadelphia Str.., Detroit, MI, 48206 | $220,000 | 6 | -- | -- | |
| 1473 Taylor Street , Detroit, MI, 48206 | $89,900 | 12 | 6 | 3,220 | 3,220 SqFt |
| 7507 Hanover Street , Detroit, MI, 48206 | $240,000 | 6 | -- | -- |
Similar Multifamily To 2292 Richton Street
Nearby For Sale
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ByOwner last updated this listing 08/24/2026 @ 13:45
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