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    2977 Canton St Detroit, MI 48207

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    For Sale
    $219,900

    Updated duplex in Detroit's Islandview Village with income potential.

    Lot size:
    0.08 Acres

    Property Features for 2977 Canton St

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1909

    Source: Zest Realty LLC Agent Timothy Moore

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

    Overview

    Updated Duplex in Islandview Village

    Located in Detroit's Islandview Village, this updated upper and lower duplex presents an investment or house-hacking opportunity. One unit is currently occupied with a lease through October 2025, generating an annual income of $14,400 at a rate of $1,200 per month. The second unit is vacant and move-in ready, offering the potential for immediate income. Each unit includes 3 bedrooms and 1 full bath. The kitchens have been updated with newer cabinets, counters, and appliances. Durable LVP flooring is installed throughout both units. The property features split utilities for simplified management. The vacant unit has a market rent potential of $1,200 or more per month, bringing the total potential annual income to $28,800. The property is located near Eastern Market, Mt. Elliott Park, the Detroit Riverwalk, and I-94. This duplex offers flexibility and income potential.
    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
    -83.013576
    Latitude
    42.3602059

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    FAQs

    What type of property is this?
    Duplex - Updated duplex in Detroit's Islandview Village with income potential.
    Where is this duplex located?
    The property is located at 2977 Canton St Detroit, MI.
    What is the asking price?
    The asking price for this property is $219,900.
    What are key features of this property?
    This property features: - High income potential: Current $14,400 annual income with potential for $28,800 total.; - Move-in ready/rent-ready: One unit is vacant and move-in ready; the other is currently leased.; - Updated duplex: Fully updated upper/lower units feature updated kitchens, newer appliances, and LVP flooring.
    (248) 408-9453
    Request Owner's contact information
    2977 Canton St Detroit, MI 48207
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    Detroit, MI 48207
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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
    2977 Canton St Detroit, MI 48207
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