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Two-Unit Duplex with Garages
New
For Sale
$99,900

1407 Lakewood St, Detroit, MI 48215

Each residence has three bedrooms, a full bath, and dedicated kitchen, living, and dining areas.

Property Size2,300 SF
Price / SF$43.43
Days on Market6

Property Features for 1407 Lakewood St

General Information

Standard status Active
Size 2,300 SF
Property subtype Multi-Family

Site & Location

Neighborhood Riverbend

Units

Unit Mix 2 x 3BR/1BA
Multifamily Units 2

Amenities

shared basement
garages

Building Details

Year Built 1915
Listing Agency: EXP Realty Main
Listed By: Moe Kassem · License #6501438220
Source: Metrodetroithomeguide
Added: Oct 27 Changed: Oct 31 Last Checked: Nov 1 at 5:41AM

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 1915, this 2,300-square-foot duplex contains two residences, each configured with three bedrooms, one full bathroom, a kitchen, living room, and dining room. A basement shared by both units provides additional storage and utility space. The property also includes a driveway and two garages: one with 2.5-car capacity and another with 1.5-car capacity.

The offering includes two parcels at 1407 Lakewood St and 1423 Lakewood, with the second-floor unit identified as 1427 Lakewood St. These addresses are in Detroit, Michigan.

Key Highlights

  • Two residences, each with 3 bedrooms and 1 full bathroom
  • 2,300 square feet; built in 1915
  • Two parcels: 1407 Lakewood St and 1423 Lakewood

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

603
Businesses Nearby

Demographics for 48215, MI

10,520
Population
6,044
Households
1.7
Avg Household Size
41
Median Age
19%
College-Educated
85%
High-School Grad
3.9 sq mi
ZIP Area
2,697
Density / Sq Mi
$33,741
Median Household Income
$36,728
Median Earnings
$897
Median Rent
$105,400
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?
Duplex - Each residence has three bedrooms, a full bath, and dedicated kitchen, living, and dining areas.
Where is this duplex located?
The property is located at 1407 Lakewood St Detroit, MI.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 full bathroom; 2,300 square feet; built in 1915; Two parcels: 1407 Lakewood St and 1423 Lakewood
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