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508 - 506 Kenilworth

Detroit, Michigan 48202
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$400,000 $1,686/Mo
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Bed 8

Bed

Bath 4

Bath

SqFt3,900

Sqft

Fantastic Investment Opportunity in Detroit’s Fastest-Growing Zip Code! PLEASE DO NOT DISTURB THE TENANTS! Welcome to 508 Kenilworth Street, a fully occupied fourplex located in the heart of Detroit’s North End - the city’s most exciting and rapidly developing neighborhood, part of the highly sought-after 48202 zip code. Each of the four units features 2 bedrooms and 1 full bath, all currently leased month to month. The cap rate for the market rent and area is 12% ROI. This well maintained property offers both immediate cash flow and long-term appreciation potential in one of Detroit’s premier redevelopment corridors. The North End is quickly becoming one of Detroit’s most desirable areas, fueled by major nearby investment including the $2.2 billion redevelopment project transforming the city’s core. Residents enjoy quick access to Midtown, New Center, and Downtown Detroit, all just minutes away. The property is conveniently close to major landmarks such as the Fisher Building, Henry Ford Hospital, Detroit Medical Center, and Wayne State University, as well as numerous dining, shopping, and entertainment options. Outdoor enthusiasts will appreciate the proximity to Gordon Park and other neighborhood green spaces, while commuters benefit from easy connections to Woodward Avenue and I-75. This location combines strong rental demand with a deep sense of community and ongoing revitalization. The North End is rich in history, creativity, and culture, home to local art studios, neighborhood cafes, and new businesses fueling Detroit’s urban renaissance. The area’s central location and infrastructure improvements continue to attract new residents and investors alike, ensuring sustained property value growth. With 100% occupancy, month-to-month leases, and room for rental increases, 508 Kenilworth represents an exceptional turnkey investment opportunity. Add this income-producing asset to your portfolio today and secure a prime property in a booming Detroit market.

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Detail Ic Property Details

Property Type : Multifamily

Price : $400,000

AD Id : 78855578

MLS Id : 20261035937

Beds : 8

Living Area Size : 3,900

Year Built : 1911

County : Wayne

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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: 1911 Building Stories: 2 Story Total Units: 4 Foundation/Basement: Basement Architecture: Colonial

  • Exterior Features

    Construction: Brick

  • Utility Features

    Sewer: Sewer (Sewer-Sanitary)

  • Water

    Public (Municipal)

  • Lot Information

    Lot Dimensions: 120x120

  • Property Information

    SQ ft: 3900 Financing: Cash,Conventional,FHA,Trade/Exchange

  • Listing Price Information

    Original List Price: $425,000

  • Listing Information

    Possession: At Close Legal Description: S KENILWORTH N 69.50 FT OF LOT 1 N 69.50 FT OF THE W 20 FT OF LOT 2 GLOVERS MOTT AVE SUB L25 P59 PLATS WCR 60 X 69.50

  • Tax Information

    Annual Tax: $1,350 Parcel Number: W03I002600S001

  • Possession

    At Close

  • Legal Information

    Legal Description: Section: S KENILWORTH N 69.50 FT OF LOT 1 N 69.50 FT OF THE W 20 FT OF LOT 2 GLOVERS MOTT AVE SUB L25 P59 PLATS WCR 60 X 69.50

  • Unit 2 Information

    # of Bedrooms: 4

  • School Information

    School District: Detroit

  • Utility Information

    Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
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625 Horton Street , Detroit, MI, 48202 $349,900 4 2 2,146 2,146 SqFt
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100 Chandler Street , Detroit, MI, 48202 $375,000 8 4 4,000 4,000 SqFt
284 E Philadelphia Stre.., Detroit, MI, 48202 $70,000 6 2.5 3,146 3,146 SqFt
320 Owen Street , Detroit, MI, 48202 $75,000 4 2.5 2,734 2,734 SqFt
30 E Philadelphia Street , Detroit, MI, 48202 $7,500,000 30 44.5 33,275 33,275 SqFt
638 Seward Street , Detroit, MI, 48202 $475,000 10 4.5 4,327 4,327 SqFt

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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 06/17/2026 @ 13:31

MLS: 20261035937 LISTED BY: Daniela Bilan , Max Broock, REALTORS®-Detroit 313-324-8430 SOURCE: Realcomp II Ltd

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