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    1038 Parker St Detroit, MI 48214

    For Sale
    $499,000

    MULTI_FAMILY - Detroit, MI

    Lot size:
    0.22 Acres
    Days on Market:
    10
    Last Refresh:
    Dec 8 at 4:06 pm

    Property Features for 1038 Parker St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 5, Bedroom 4, Bathroom 1, Basement, Bedroom 1
    Bedrooms
    4
    APN
    17008709.
    Parking
    5
    Basement
    Full
    Lot size
    0.22 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Steam

    Building Details

    Year built
    1920
    Number of units
    3
    Building materials
    Brick
    Roof type
    Composition

    Starlite Properties (248) 470-3462

    Listing agent E'toile O'Rear-Libbett (248) 470-3462

    Listing date Nov 29, 2025

    MLS# 25059644 Listing URL

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Village Triplex with Income Potential

    Located in West Village, this three-unit home offers income potential and a flexible layout. The property, situated on a 60x157 lot, features approximately 3,800 square feet. Currently configured as a triplex, the property includes two finished units. Unit #2, located on the second floor, includes 2 bedrooms, 2 full baths, a large living room, a dining area, and an updated kitchen with hardwood floors. Unit #3, on the third floor, features a living room, kitchen, dining space, and a full bath. The entry level has been gutted and is ready for a custom design, suitable for owner-occupants, additional rental income, or a grand single-family conversion. Historic details remain, including original hardwoods and a fireplace on the main floor. A rear porch off the entry level leads to a deep backyard with gardens, fruit trees, and a rain barrel setup. A 5-car garage with alley access is included. The property is located within walking distance of local restaurants and bistros, the Detroit Riverfront, and multiple parks. This West Village property offers character, flexibility, design, and walkability.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.994891
    Latitude
    42.354457

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    FAQs

    What type of property is this?
    Triplex - Three-unit home in Detroit's West Village with flexible layout.
    Where is this triplex located?
    The property is located at 1038 Parker St Detroit, MI.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Income potential from two finished rental units in a desirable, walkable historic neighborhood.; - Flexible layout: Can be used as a triplex, converted to a single-family home, or used for multi-generational living.; - **Large 5-car garage with alley access**, a rare and valuable feature in West Village.
    (248) 470-3462
    Request Owner's contact information
    1038 Parker St Detroit, MI 48214
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    Detroit, MI 48214
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1038 Parker St Detroit, MI 48214
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