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Two-Unit Duplex Requiring Updates
New
For Sale
$159,900

1014 Waterman St, Detroit, MI 48209

Detroit duplex with two residential units and renovation needs, offering a practical opportunity to improve an existing multifamily property.

Property Size2,600 SF
Days on Market2

Property Features for 1014 Waterman St

General Information

Standard status Active
Size 2,600 SF
Property subtype Investment

Property Condition

Severity Repairs Needed
Evidence Both units are in need of TLC and updating

Additional Details

Asking Price $159,900
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $6,656

Building Details

Building Size 2,600 SF
Year Built 1915
Buildings 1
Units 2
Listed By: Candace Kiminaia Sawa
Source: Elliman
Added: Sep 18 Last Checked: Sep 19 at 11:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Candace Kiminaia Sawa

Investment Insights

Based on property information with market context.

This two-unit duplex in Detroit was built in 1915 and requires updating throughout both residential units. The property offers an existing multifamily configuration for an owner or investor planning renovation work and future residential use.

Located at 1014 Waterman St, the property has a Walk Score of 70, a Bike Score of 56, and a Transit Score of 38. These scores indicate a somewhat walkable setting with bikeable conditions and some available transit service.

Key Highlights

  • Two‑unit duplex configuration
  • Built in 1915
  • Both units require TLC and updating

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Daycare Center Gym & Fitness Center HVAC Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

355
Businesses Nearby

Demographics for 48209, MI

27,096
Population
11,020
Households
2.5
Avg Household Size
30
Median Age
10%
College-Educated
61%
High-School Grad
6.8 sq mi
ZIP Area
3,985
Density / Sq Mi
$42,152
Median Household Income
$30,091
Median Earnings
$843
Median Rent
$82,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Detroit duplex with two residential units and renovation needs, offering a practical opportunity to improve an existing multifamily property.
Where is this duplex located?
The property is located at 1014 Waterman St Detroit, MI.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Two‑unit duplex configuration; Built in 1915; Both units require TLC and updating
More about this property
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