Agent profile image in chat bubble
Agent profile image in chat header

Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

Agent profile image in message

1014 Waterman St , Detroit, MI 48209
$159,900
Est. Payment: $355.33/mo
0 Bed
3 Bath
0 Sqft
Status: Active | Days on site: 0
Get Pre-Qualified
433390 - 467761
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.

House Description

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.

Highlights

Listed by Candace Kiminaia Sawa , 248-965-0575 ICON Realty Experts, LLC , 248-985-9961.

Property Type

Multi-Family

Lot/Acreage
0.11

HOA Fee

Year Built

1915

County

Wayne

School District

Detroit

Listing ID

20261074154

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:
Water:Public

Exterior Features

Principal Interest
$355
Taxes
$555
HOA
$0

Home Price

$159,900

Loan Details

30 yrs
%

Down Payment

20%
$31,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$355.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $355.33 $554.67 $0.00 $910.00
Yearly $4,264.00 $6,656.00 $0.00 $10,920.00
Total $127,920.00 $199,680.00 $0.00 $327,600.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Sep 2026

Average Price

All Price Ranges
N/A
Sep 2026

Average Days on Market

All Price Ranges
N/A
Sep 2026
Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.