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Duplex with Two Garages
For Sale
$99,900

1423 Lakewood St, Detroit, MI 48215

Two residential units feature full kitchens, living and dining areas, plus shared basement storage and utility space.

Property Size2,300 SF
Days on Market116

Property Features for 1423 Lakewood St

General Information

Standard status Active
Size 2,300 SF
Property subtype Investment

Units

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

Taxes and HOA fees

Annual Taxes $1,447

Amenities

shared basement

Building Details

Building Size 2,300 SF
Year Built 1915
Units 2
Listing Agency: EXP Realty Main
Listed By: Al Abdallah · License #6501438220
Source: Elliman
Added: May 9 Changed: Aug 30 Last Checked: Aug 31 at 7:04PM

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

Investment Insights

Based on property information with market context.

This 1915 duplex contains two residential units, each arranged with 3 bedrooms, 1 full bathroom, a full kitchen, living room, and dining room. A shared basement adds storage and utility space. Exterior improvements include a large driveway and two detached garages, consisting of a 2.5-car garage and a separate 1.5-car garage.

The property includes two parcels at 1423 Lakewood St and 1407 Lakewood St in Detroit, with the second-floor unit carrying the 1427 Lakewood St address. Walkability and transportation metrics include a BikeScore of 55, a Walk Score of 60, and a Transit Score of 36.

Key Highlights

  • Duplex with 2 units, each offering 3 bedrooms and 1 full bathroom
  • Two garages: one 2.5‑car garage and one 1.5‑car garage
  • Shared basement provides additional storage and utility space

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office HVAC Service Building Supply Spa & Massage Center (Bike/Boat/Book/etc) Store Parking Lot & Garage

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

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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Two residential units feature full kitchens, living and dining areas, plus shared basement storage and utility space.
Where is this duplex located?
The property is located at 1423 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: Duplex with 2 units, each offering 3 bedrooms and 1 full bathroom; Two garages: one 2.5‑car garage and one 1.5‑car garage; Shared basement provides additional storage and utility space
More about this property
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