Advertise
    Location, address, ZIP or keywords
    Back to Search
    Detroit Multifamily Investment Opportunity

    1423 Lakewood Street Detroit, MI 48215

    1423 Lakewood Street, Detroit, MI, 48215
    $99,900
    Pending
    For Sale
    Claim this Listing
    $99,900
    Pending

    MULTI_FAMILY - Colonial - Detroit, MI

    Property Size2,300 SF
    Lot Size0.17 Acres
    AddedApr 30
    Days on Market76
    Last RefreshJul 14 at 12:06 pm

    Property Features for 1423 Lakewood Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Basement, Bathroom 1
    Pets allowed
    Yes
    Standard status
    Pending
    APN
    W21I054913C4
    Size
    2,300 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Description
    W LAKEWOOD 58 & 57 BLK 3-SKINNER & MOORES SUB L16 P58 PLATS, W C R 21/305 60X123
    Tax Annual Amount
    1447

    Utilities

    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1915
    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Colonial

    Listing agent Moe Kassem License #6501438220

    Listing office EXP Realty Main 39555 Orchard Hill Place Ste 600, Royal Oak, MI

    Listing date Apr 30, 2026

    MLS# 20261030037 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This multifamily property at 1423 Lakewood in Detroit presents an opportunity for investors and owner-occupants. The property includes two spacious units, each featuring 3 bedrooms and 1 full bathroom, a full kitchen, living room and dining room. A shared basement provides additional storage and utility space for tenants. The property includes a large driveway with ample parking along with two separate garages: a 2.5-car garage and an additional 1.5-car garage. Situated on two parcels of land totaling 0.17 acres, the property offers flexibility and long-term potential. The second floor unit's address is 1427 Lakewood St, Detroit, MI 48215, and the second parcel included is 1407 Lakewood St, Detroit, MI 48215. With a property size of 2300 square feet, this residential income property is conveniently located near major roads, shopping, and local amenities.

    Key Highlights

    • Two‑unit multifamily property with two separate 3‑bedroom, 1 full‑bath units
    • Addresses include 1423 Lakewood St and 1427 Lakewood St, Detroit, MI 48215
    • Second parcel included: 1407 Lakewood St, Detroit, MI 48215

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Dental Office HVAC Service Building Supply Spa & Massage Center (Bike/Boat/Book/etc) Store Parking Lot & Garage Nail Salon Furniture & Home Goods Grocery & Convenience Store Daycare Center

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

    Similar For Sale Nearby

    • $344,900
      4,468 SF

      Turnkey Auto Repair Shop

      Turnkey automotive service center with multiple roll-up doors, hydraulic lifts, and a fenced yard for repair and storage operations.
      13118 Gratiot Avenue, Detroit, MI 48205
      View Details
    • $975,000
      2,100 SF

      Rail-Served Heavy Industrial Yard

      Fenced and gated rail-access yard suited to logistics operations in Detroit’s M-4 heavy industrial corridor.
      175 S Campbell Street, Detroit, MI 48209
      View Details
    • $239,900
      8,000 SF

      Turnkey Dry Cleaning Facility

      For sale turnkey dry-cleaning operation with approximately 8,000+ square feet of commercial space on a small lot.
      2854 E 7 Mile Road, Detroit, MI 48234
      View Details
    • $999,999
      9,000 SF

      Fully Renovated 18-Unit Apartment Building

      An 18-unit brick multifamily property offering renovated 1- and 2-bedroom units with current occupancy for immediate income potential.
      13233 La Salle Boulevard, Detroit, MI 48238
      View Details
    • $174,000
      2,000 SF

      Retail Storefront with Salon Buildout

      Former nail salon with office, multiple wash stations, and ample parking for a service-focused retail use.
      8235 W 8 Mile Road, Detroit, MI 48221
      View Details
    • $279,900
      3,100 SF

      Flex Warehouse with Built-In Office Studio

      Fully renovated flex space with roll-up access and a built-out podcast studio for flexible distribution and content use.
      16813 WYOMING Street, Detroit, MI 48221
      View Details
    • $725,000
      5,832 SF

      Detroit Multifamily Investment Opportunity

      Turnkey 8-unit property in desirable Detroit neighborhood.
      13660 Ohio Street, Detroit, MI 48238
      View Details
    • $500,000
      10,222 SF

      Detroit Multifamily Investment Opportunity

      16-unit apartment building with value-add potential in Detroit.
      10400 Whittier Street, Detroit, MI 48224
      View Details
    • $749,900
      5,874 SF

      Mixed-Use Building with Storefronts

      Five-unit style mixed-use building includes three storefronts and two upper apartments, with a ready-to-operate restaurant space.
      14318 E Jefferson Avenue, Detroit, MI 48215
      View Details
    • $2,999,999
      16,860 SF

      Six-Property Multifamily Portfolio

      Six multifamily buildings sold together, including one fully renovated and occupied unit with five others prepared for redevelopment.
      18036 SCHOENHERR Street, Detroit, MI 48205
      View Details
    • $2,999,999
      6,702 SF

      Multifamily Portfolio for Sale

      Six multifamily properties are offered together, with one fully renovated and occupied and five in cleared, secured condition.
      18029 SCHOENHERR Street, Detroit, MI 48205
      View Details
    • $2,999,999
      9,744 SF

      Multifamily Portfolio Package

      Six Detroit multifamily properties sold together, mixing an occupied renovated asset with multiple buildings ready for further renovation.
      14296 Glenwood Street, Detroit, MI 48205
      View Details

    FAQs

    What type of property is this?
    Duplex - Two spacious units with garages near shopping and amenities.
    Where is this duplex located?
    The property is located at 1423 Lakewood Street Detroit, MI.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Two‑unit multifamily property with two separate 3‑bedroom, 1 full‑bath units; Addresses include 1423 Lakewood St and 1427 Lakewood St, Detroit, MI 48215; Second parcel included: 1407 Lakewood St, Detroit, MI 48215
    Contact an agent
    (888) 501-7085
    We can help!
    Contact an agent
    Moe Kassem
    Moe Kassem
    Real Estate License ID: 6501438220
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1423 Lakewood Street, Detroit, MI 48215
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!