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Renovated Three-Unit Brick Property
For Sale
$149,990

12144 Washburn Street, Detroit, MI 48204

Occupied units feature separate electric and gas meters, individual water heaters, and dedicated furnaces.

Property SizeContact for details
Days on Market48

Property Features for 12144 Washburn Street

General Information

Standard status Active
Property subtype Multi Family
Occupancy 100%

Site & Location

Neighborhood Grand River-I96
Utilities to Site Yes

Additional Details

Multifamily Units 3

Amenities

covered front porch
upper balcony
fenced yard

Building Details

Buildings 1
Construction brick
Listing Agency: Apex Realty Centers
Listed By: Michael Celsi
Source: Blueowlprop
Added: Sep 15 Changed: Oct 26 Last Checked: Nov 1 at 5:39AM

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 Apex Realty Centers

Rey
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Investment Insights

Based on property information with market context.

This renovated brick triplex at 12144 Washburn Street includes three occupied units, each with its own electric and gas metering, water heater, and furnace. Interior improvements include refinished hardwood flooring, new carpet, neutral paint, updated kitchens with new cabinetry and granite-look counters, refreshed bathrooms, and ceiling fans. The first-floor residence retains a painted-brick fireplace with original leaded-glass built-ins.

The finished third level adds a private suite with a kitchenette, full bathroom, and dormered living area. Exterior features include a covered front porch, upper balcony, and fenced yard. The property is offered AS IS, and interior access is limited to an accepted offer to protect tenant privacy.

Key Highlights

  • Three occupied units with separate electric and gas meters
  • Finished third‑floor suite with kitchenette, full bath, and dormered living space
  • Updated kitchens with new cabinetry and granite‑look counters

Property Analytics

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Lease Details

3
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

275
Businesses Nearby

Demographics for 48204, MI

21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Occupied units feature separate electric and gas meters, individual water heaters, and dedicated furnaces.
Where is this triplex located?
The property is located at 12144 Washburn Street Detroit, MI.
What is the asking price?
The asking price for this property is $149,990.
What are key features of this property?
This property features: Three occupied units with separate electric and gas meters; Finished third‑floor suite with kitchenette, full bath, and dormered living space; Updated kitchens with new cabinetry and granite‑look counters
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