Brick facade with stone accents
Active

3235 Monterey Street

Detroit, Michigan 48206
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Bed 8

Bed

Bath 4

Bath

SqFt3,538

Sqft

Acres0.14

Acre(Lot)

Investment opportunity in the highly sought-after Boston-Edison Historic District, currently generating rental income with 2 of the 4 units occupied and 2 units vacant and ready for a new tenant or owner-occupant, giving a buyer the flexibility to step into a cash-flowing property while still having the option to move into one of the open units themselves. For buyers who prefer full occupancy before taking ownership, the vacant units can also be leased up prior to closing upon request. The property was previously rented at $4,200 per month when fully leased, with rent rolls available to support upon request. The current tenants have been in place for about a year and have consistently paid on time, and showings can be scheduled with just 24 to 48 hours' notice, making this one of the easie r multi-unit properties to walk through compared to fully occupied buildings. This newly renovated property has been thoughtfully updated throughout, offering modern improvements while complementing the character of the surrounding historic neighborhood. Positioned in one of the most desirable and rapidly revitalizing areas of Detroit, the location provides convenient access to major employment centers and popular local attractions, including the iconic Motown Museum, Henry Ford Hospital, and the shops, dining, and entertainment along the Woodward Avenue corridor. Surrounded by beautiful historic architecture, tree-lined streets, and continued neighborhood investment, the area continues to attract strong tenant demand. With income history already established, room to add value by leasing up the vacant units, and a prime location in one of Detroit's most notable historic districts, this property presents a compelling opportunity for investors seeking cash flow, an owner-occupant looking to house hack, or anyone eyeing long-term appreciation in a historic neighborhood on the rise.

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Detail Ic Property Details

Property Type : Multifamily

Price : $279,995

AD Id : 89605340

MLS Id : 20261065042

Beds : 8

Lot Size : 0.14 Acre

Living Area Size : 3,538

Year Built : 1924

County : Wayne

Subdivision: Kate E Allen Add To Plymouth Village

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Feature Features

  • Bathroom Information

    Total Baths: 4 Full Baths: 4
  • Interior Features

    Basement Description: Unfinished
  • Heating & Cooling

    Heating: Forced Air Heating Fuel: Natural Gas

  • Building Information

    Year Built: 1924 Building Stories: 2 Story Total Units: 4 Foundation/Basement: Basement Architecture: Quadruplex
  • Exterior Features

    Construction: Brick
  • Utility Features

    Sewer: Sewer (Sewer-Sanitary)
  • Water

    Public (Municipal)

  • Lot Information

    Lot Size: 0.14 Lot Dimensions: 52.5X120.5
  • Property Information

    SQ ft: 3538 Subdivision: Linwood Heights Financing: Cash,Conventional

  • Listing Price Information

    Original List Price: $279,995
  • Listing Information

    Possession: At Close Legal Description: S MONTEREY W 1/2 299 300 LINWOOD HEIGHTS SUB L35 P6 PLATS, W C R 12/201 52.50 X 120.50

  • Tax Information

    Annual Tax: $4,403 Parcel Number: W12I003680S
  • Possession

    At Close
  • Legal Information

    Legal Description: Section: S MONTEREY W 1/2 299 300 LINWOOD HEIGHTS SUB L35 P6 PLATS, W C R 12/201 52.50 X 120.50

  • Unit 2 Information

    # of Bedrooms: 4

  • School Information

    School District: Detroit
  • Utility Information

    Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
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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 08/22/2026 @ 04:48

MLS: 20261065042 LISTED BY: Drake O'Donnell , NATOD Management 248-609-7108 SOURCE: Realcomp II Ltd

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