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    1094 Waterman St Detroit, MI 48209

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    For Sale
    $399,900

    Four-unit multifamily brick building with long-term tenants in Detroit.

    Lot size:
    0.14 Acres

    Property Features for 1094 Waterman St

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1925

    Source: Good Company Agent Erin Hertzog

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

    Overview

    Detroit Multifamily Brick Building

    This is a four-unit multifamily brick building. The roof was completely replaced four years ago. All units are currently occupied by long-term tenants with month-to-month leases. The property is rental certified with the city of Detroit through 2027.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market 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
    -83.1103709
    Latitude
    42.3079409

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    FAQs

    What type of property is this?
    Quadplex - Four-unit multifamily brick building with long-term tenants in Detroit.
    Where is this quadplex located?
    The property is located at 1094 Waterman St Detroit, MI.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - Four-unit multifamily brick building; - All units are occupied with long-term, on-time tenants; - Rental certified with the city of Detroit through 2027
    (248) 234-2617
    Request Owner's contact information
    1094 Waterman St Detroit, MI 48209
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    Detroit, MI 48209
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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
    1094 Waterman St Detroit, MI 48209
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