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

1407 Lakewood Street, Detroit, MI 48215

Multifamily, 2 Story, Detroit, MI

Property Size2,300 SF
Lot Size0.17 Acres
Price / SF$43.43
Days on Market3

Property Features for 1407 Lakewood Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 6, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Basement, Bedroom 3, Bedroom 5, Bedroom 4
Pets allowed Yes
Subdivision Skinner & Moores
Elementary school district Detroit
Middle school district Detroit
High school district Detroit
Directions MAP
Standard status Active
APN W21I054915S
Size 2,300 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Description W LAKEWOOD 56 BLK 3-SKINNER & MOORES SUB L16 P58 PLATS, W C R 21/305 30 X 123
Tax Annual Amount 40
Legal Description W LAKEWOOD 56 BLK 3-SKINNER & MOORES SUB L16 P58 PLATS, W C R 21/305 30 X 123

Utilities

Heating system Forced Air
Water source Public

Amenities

shared basement

Building Details

Year built 1915
Floors in Building 2
Number of units 2
Building materials Brick
Roof type Asphalt
Architectural style Colonial
Listing Agency: EXP Realty Main
Listed By: Moe Kassem · License #6501438220
Added: Oct 28 Changed: Oct 29 Last Checked: Oct 30 at 12:06AM
MLS# 20261087401

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This brick duplex contains two residences, each arranged with three bedrooms, one full bathroom, a kitchen, a living room, and a dining room. The building totals 2,300 square feet and includes a shared basement. Two detached garages provide 2.5-car and 1.5-car capacities, alongside a driveway. The property spans two parcels totaling 0.17 acres.

Built in 1915, the two-story Colonial-style building has forced-air heating, an asphalt roof, and public water. It is located in Detroit, Michigan, and is zoned Residential.

Key Highlights

  • Two units, each with 3 bedrooms and 1 full bathroom
  • 2,300‑square‑foot brick building built in 1915
  • Shared basement and driveway

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 kitchen, living room, and dining room.
Where is this duplex located?
The property is located at 1407 Lakewood Street 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 units, each with 3 bedrooms and 1 full bathroom; 2,300‑square‑foot brick building built in 1915; Shared basement and driveway
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