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    3230 Richton St Detroit, MI 48206

    For Sale
    $220,000

    Colonial - Detroit, MI

    Property size:
    5,040 SF
    Lot size:
    0.14 Acres
    Days on Market:
    32
    Last Refresh:
    Dec 7 at 4:06 am

    Property Features for 3230 Richton St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi-Family
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    4
    APN
    W12I003781S
    Basement Y/N
    1
    Size
    5,040 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1925
    Floors in Building
    2
    Building materials
    Brick
    Architectural style
    Colonial

    M77 LLC (248) 649-7200 [email protected]

    Listing agent Joseph Hammel (248) 649-7200

    Listing date Nov 6, 2025

    MLS# 20251050914 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 Multifamily Investment Opportunity

    Located at 3230 Richton St in Detroit, this multifamily property offers significant potential. The building spans over 5,000 square feet and includes multiple units, each featuring three bedrooms and one bathroom. The property is located near the historic Boston Edison district. This building represents a value-add opportunity for investors seeking to enhance returns through renovations or repositioning. The property is suited for those seeking cash flow and long-term growth in a developing Detroit neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1236214
    Latitude
    42.3840879

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    FAQs

    What type of property is this?
    Apartment building - Spacious multifamily property near Boston Edison, Detroit. Rehab potential.
    Where is this apartment building located?
    The property is located at 3230 Richton St Detroit, MI.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: - Over 5,000 sq ft multifamily property offering significant rental potential.; - Each unit features three bedrooms and one bathroom.; - Prime value-add opportunity through renovations or repositioning.
    (248) 649-7200
    Request Owner's contact information
    3230 Richton St Detroit, MI 48206
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    Detroit, MI 48206
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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
    3230 Richton St Detroit, MI 48206
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