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    5309 Lakeview St Detroit, MI 48213

    New
    For Sale
    $229,900

    Bungalow - Detroit, MI

    Property size:
    1,717 SF
    Lot size:
    0.09 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 7 at 4:06 am

    Property Features for 5309 Lakeview St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Basement, Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    W21I052484S
    Basement Y/N
    1
    Size
    1,717 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1931
    Floors in Building
    1.5
    Building materials
    Brick
    Architectural style
    Bungalow

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

    Listing agent Henry Manning (586) 541-4000

    Listing date Dec 3, 2025

    MLS# 20251036521 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 Bungalow: Investor Opportunity

    This two-unit brick bungalow in Detroit presents an investor opportunity. Currently operating as a 5-star Airbnb, the property generates $199 per night for the lower unit and $120 per night for the upper unit. Each flat features two bedrooms and one bathroom, offering approximately 859 square feet of living space. The property includes separate entrances and a shared full basement. Constructed in the 1930s, the building features durable craftsmanship and natural gas forced air heating. The property is situated on a 0.09-acre lot. Minimal grounds maintenance is required. The property is located minutes from E. Warren Ave and Dickerson, with convenient freeway access to downtown Detroit in approximately 15 minutes. The property offers the flexibility to continue as an Airbnb or convert to home healthcare housing. The property is sold vacant and ready for use. The total property size is 1717 square feet.
    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 Clothing Store Building Supply 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
    -82.965606
    Latitude
    42.3968081

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    FAQs

    What type of property is this?
    Duplex - Two-unit Detroit bungalow, currently a 5-star Airbnb, sold vacant.
    Where is this duplex located?
    The property is located at 5309 Lakeview St Detroit, MI.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: - High-performing Airbnb with established income ($199/$120 per unit/night); - Two spacious 2-bedroom, 1-bath units, each approximately 859 sq ft; - Separate entrances for each unit, offering privacy and flexibility
    (586) 541-4000
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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
    5309 Lakeview St Detroit, MI 48213
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