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    2908 Elmwood St Detroit, MI 48207

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    For Sale
    $150,000

    Spacious duplex with renovation potential near downtown and Eastern Market.

    Lot size:
    0.10 Acres

    Property Features for 2908 Elmwood St

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1908

    Source: Leboursia Realty Group Agent Quinnon L Martin III

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Large Duplex Near Downtown

    This large duplex is located in close proximity to the downtown central business district and Eastern Market. Each of the two units features four bedrooms and a loft, along with 1.5 bathrooms. The property has separate utilities for each unit. The duplex requires renovations and rehabilitation. It presents an opportunity for income generation or owner-occupancy with rental income from the other unit. The property offers spacious living areas throughout.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0244319
    Latitude
    42.3552299

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    FAQs

    What type of property is this?
    Duplex - Spacious duplex with renovation potential near downtown and Eastern Market.
    Where is this duplex located?
    The property is located at 2908 Elmwood St Detroit, MI.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Prime location near Downtown Central Business District and Eastern Market; - Large duplex with **4 bedrooms and a loft in each unit**; - Excellent income producer or opportunity to live in one unit and rent the other
    (313) 861-2626
    Request Owner's contact information
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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
    2908 Elmwood St Detroit, MI 48207
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