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Two-Unit Residential Property
For Sale
$127,000
Pending

20124 SPENCER St, Detroit, MI 48234

Two-unit property featuring multiple bedrooms, bathrooms, and a garage.

Property Size1,902 SF
Days on Market110

Property Features for 20124 SPENCER St

General Information

Standard status Pending
Size 1,902 SF
Property subtype Investment

Taxes and HOA fees

Annual Taxes $2,129

Building Details

Building Size 1,902 SF
Year Built 1940
Units 2
Listing Agency: Munoz Realty Inc
Listed By: Gaston Munoz · License #6501354648
Source: Elliman
Added: Apr 22 Changed: Aug 8 Last Checked: Aug 9 at 10:48AM

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 Munoz Realty Inc

Investment Insights

Based on property information with market context.

This property features two units in very good condition. The layout includes a total of four bedrooms and three full bathrooms. The entry level and upper level each contain two bedrooms. A natural fireplace is located in the living room. The property also includes a two-car garage. The location is considered very bikeable with a bike score of 71, and very walkable with a walk score of 76. This property could be an investment opportunity.

Key Highlights

  • Two separate units offer flexibility for living and/or rental income.
  • Property is in very good condition.
  • Three full bathrooms.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Cafe & Coffee Shop Gym & Fitness Center HVAC Service

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

Location Intelligence

Trade Area within ½ mile

499
Businesses Nearby

Demographics for 48234, MI

31,442
Population
15,688
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
84%
High-School Grad
7.8 sq mi
ZIP Area
4,031
Density / Sq Mi
$36,473
Median Household Income
$31,587
Median Earnings
$965
Median Rent
$57,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Two-unit property featuring multiple bedrooms, bathrooms, and a garage.
Where is this duplex located?
The property is located at 20124 SPENCER St Detroit, MI.
What is the asking price?
The asking price for this property is $127,000.
What are key features of this property?
This property features: Two separate units offer flexibility for living and/or rental income.; Property is in very good condition.; Three full bathrooms.
More about this property
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