Detroit Duplex with Recent
5217 Lakeview, Detroit, MI 48213
Multi-Family, 2 Story - Detroit, MI
Property size:
1,680 SFLot size:
0.09 AcresPrice / SF:
$107/SF- Added:
- Apr 9, 2026
- Days on Market:
- 50
- Last Refresh:
- May 28 at 4:06 am
Property Features for 5217 Lakeview
General Information
- Property type
- Residential Multi Family
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 21052495
- Size
- 1,680 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2657
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1928
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Other
Listing agent Lisa Wild License #6501456878 (586) 879-3362
Listing office EXP Realty LLC 39555 Orchard Hill Pl Ste 600, MI (269) 600-4397
Listing date Apr 9, 2026
MLS# 50203837
Listing URL
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HighLights
- High CAP Rate: Current rents provide a 14% CAP Rate, indicating a strong investment opportunity.
- Completely Remodeled in 2024: Includes new roof, mechanicals, and hot water tanks, minimizing future maintenance costs.
- New Appliances Included: Each unit features new appliances, adding value and appeal for tenants.
- Duplex with Income Potential: Opportunity for rental income from both units, or owner‑occupancy with tenant income.
- Desirable Location: East side location bordering Grosse Pointe, near St. John's Hospital and I94 expressway.
- Tenant Access to Basement Laundry: Provides a convenient amenity for tenants.
Overview
This two-story duplex in Detroit, Michigan, presents an investment opportunity. The property was completely remodeled in 2024, including a new roof and mechanical systems, as well as hot water tanks. Each unit is equipped with new appliances. The upper unit is currently rented for $1,150 per month, while the lower unit was previously rented for $1,200 and is currently available. The current rents provide a CAP Rate of 14%. Located on the east side, the property borders Grosse Pointe and is near St. John's Hospital and the I94 expressway, situated one block off Warren Avenue. Tenants have access to the basement, which includes a laundry area. All conveniences are within a couple of miles, making it suitable for tenants. The property is 1,680 square feet and sits on a lot of 0.09 acres. This property is suitable as an investment or for an owner occupant with a tenant.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.9648857
- Latitude
- 42.3957251
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Remodeled Detroit duplex near Grosse Pointe with high CAP rate.
Where is this duplex located?
The property is located at 5217 Lakeview Detroit, MI.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: High CAP Rate: Current rents provide a 14% CAP Rate, indicating a strong investment opportunity.; Completely Remodeled in 2024: Includes new roof, mechanicals, and hot water tanks, minimizing future maintenance costs.; New Appliances Included: Each unit features new appliances, adding value and appeal for tenants.
