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    403 Mount Vernon St Detroit, MI 48202

    Under Contract
    For Sale
    $350,000

    Colonial - Detroit, MI

    Property size:
    1,853 SF
    Lot size:
    0.24 Acres
    Days on Market:
    70
    Last Refresh:
    Dec 11 at 2:06 am

    Property Features for 403 Mount Vernon St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Residential
    Rooms
    Basement, Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    01002413
    Exterior features
    Fenced
    Fencing
    Fenced
    Basement Y/N
    1
    Size
    1,853 SF
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1915
    Year renovated
    2020
    Floors in Building
    2
    Architectural style
    Colonial

    KW Domain Birmingham (248) 590-0800 [email protected]

    Listing agent Alan Davidov (248) 590-0800

    Listing date Oct 3, 2025

    MLS# 20251009087 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 Turnkey Income Property

    This turnkey 2-unit property is located at 415 Mt Vernon in Detroit’s rapidly developing North End. Each unit features 2 bedrooms and 1 full bath. The property has been fully renovated with an updated roof, windows, electrical, plumbing, furnace, water heater, and fresh exterior paint. The home sits on a fully fenced double lot, with 403 and 407 Mt Vernon included in the sale, offering potential for added outdoor space, parking, or future development. A new back porch adds charm, and gated off-street parking is available. Long-term tenants are in place, generating steady income. The property is located near the Q-Line and Fisher Building, and is just minutes from New Center, Midtown, and Downtown. The property size is 1853 square feet and the lot size is 0.24 acres.
    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
    -83.0722669
    Latitude
    42.3776399

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    FAQs

    What type of property is this?
    Duplex - Renovated duplex in Detroit's North End with steady income.
    Where is this duplex located?
    The property is located at 403 Mount Vernon St Detroit, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Turnkey, fully renovated 2-unit property with updated roof, windows, electrical, plumbing, furnace, and water heater.; - Located in Detroit's rapidly developing North End, near the Q-Line, Fisher Building, New Center, Midtown, and Downtown.; - Double lot included in the sale (403 and 407 Mt Vernon) offering added outdoor space, parking, or future development potential.
    (248) 590-0800
    Request Owner's contact information
    403 Mount Vernon St Detroit, MI 48202
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    Detroit, MI 48202
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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
    403 Mount Vernon St Detroit, MI 48202
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