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Duplex with Shared Basement
For Sale
$120,000

12622 Promenade St, Detroit, MI 48213

Two residential units include separate living areas, kitchens, and access to a common basement and two-car garage.

Property Size1,540 SF
Price / SF$77.92
Days on Market62

Property Features for 12622 Promenade St

General Information

Standard status Active
Size 1,540 SF
Total Parking Spaces 2
Property subtype Residential Income

Site & Location

Neighborhood Wade

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,592
Listing Agency: EXP Realty Main
Listed By: Danny Peterson · License #6501264210
Source: Exprealty
Added: Aug 29 Changed: Oct 25 Last Checked: Oct 28 at 12:37PM

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 EXP Realty Main

Rey
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Investment Insights

Based on property information with market context.

Built in 1951, this duplex contains two residential units with distinct interior layouts. The lower unit includes two bedrooms, a kitchen, living room, dining room, and bathroom. The upper unit includes a kitchen, living area, and bedroom space.

A full shared basement provides additional common-area functionality and includes two furnaces and two water heaters. The property also has a two-car garage. Walk Score is 50, Bike Score is 45, and Transit Score is 50, reflecting somewhat walkable and somewhat bikeable conditions with good transit access.

Key Highlights

  • Two‑unit duplex built in 1951
  • Lower unit with 2 bedrooms, kitchen, living room, dining room, and bathroom
  • Upper unit includes kitchen, living area, and bedroom space

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

172
Businesses Nearby

Demographics for 48213, MI

19,088
Population
11,365
Households
1.7
Avg Household Size
39
Median Age
7%
College-Educated
82%
High-School Grad
6.5 sq mi
ZIP Area
2,937
Density / Sq Mi
$33,755
Median Household Income
$24,765
Median Earnings
$837
Median Rent
$52,100
Median Home Value
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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?
Duplex - Two residential units include separate living areas, kitchens, and access to a common basement and two-car garage.
Where is this duplex located?
The property is located at 12622 Promenade St Detroit, MI.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1951; Lower unit with 2 bedrooms, kitchen, living room, dining room, and bathroom; Upper unit includes kitchen, living area, and bedroom space
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