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    2950 Lakewood St Detroit, MI 48215

    Under Contract
    For Sale
    $99,999

    Duplex - Detroit, MI

    Type:Duplex
    Property size:
    2,844 SF
    Lot size:
    0.14 Acres
    Days on Market:
    183
    Last Refresh:
    Dec 10 at 7:06 am

    Property Features for 2950 Lakewood St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active Under Contract
    Zoning
    Multi-Family
    Rooms
    Basement, Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    W21I054588S
    Parking features
    Garage
    Basement Y/N
    1
    Size
    2,844 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1923
    Floors in Building
    2
    Building materials
    Brick
    Architectural style
    Other

    SCS Great Lakes INC (586) 541-4000 [email protected]

    Listing agent Kevin Mahone (586) 541-4000

    Listing date Jun 11, 2025

    MLS# 20250014274 Listing URL

    Copyright © 2025 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.

    Overview

    Detroit Duplex in Garden Heights

    Located in Detroit's Garden Heights Subdivision, between Mack Avenue and Charlevoix Street, the property at 2950 Lakewood Street is a duplex multifamily property. Both the upstairs and downstairs units feature 3 bedrooms and 1 bath. The property, with a size of 2844 square feet and situated on a 0.14-acre lot, is being offered for sale in its current condition as an investment opportunity. The property presents potential for rental income and value appreciation. Opportunities exist to renovate and rent out both units or make improvements for future resale. The property is located in a prime area and poised for success in the rental market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -82.9518116
    Latitude
    42.3833055

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    FAQs

    What type of property is this?
    Duplex - Duplex in Detroit's Garden Heights, ideal for investment.
    Where is this duplex located?
    The property is located at 2950 Lakewood St Detroit, MI.
    What is the asking price?
    The asking price for this property is $99,999.
    What are key features of this property?
    This property features: - Duplex multifamily property with two units, each featuring 3 bedrooms and 1 bath.; - Attractive investment opportunity with potential for rental income and value appreciation.; - Located in Detroit's Garden Heights Subdivision, between Mack Avenue and Charlevoix Street.
    (586) 541-4000
    Request Owner's contact information
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    Detroit, MI 48215
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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
    2950 Lakewood St Detroit, MI 48215
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