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Brick Duplex with Two Garages
For Sale
$99,900
Pending

1423 Lakewood Street, Detroit, MI 48215

Multifamily, 2 Story, Detroit, MI

Property Size2,300 SF
Lot Size0.17 Acres
Days on Market150

Property Features for 1423 Lakewood Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 1
Pets allowed Yes
Subdivision Skinner & Moores
Elementary school district Detroit
Middle school district Detroit
High school district Detroit
Directions SE of Kercheval Ave and SW Chalmers St
Standard status Pending
APN W21I054913C4
Size 2,300 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Description W LAKEWOOD 58 & 57 BLK 3-SKINNER & MOORES SUB L16 P58 PLATS, W C R 21/305 60X123
Tax Annual Amount 1447
Legal Description W LAKEWOOD 58 & 57 BLK 3-SKINNER & MOORES SUB L16 P58 PLATS, W C R 21/305 60X123

Utilities

Heating system Forced Air
Cooling system Ceiling Fan(s)
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: Apr 30 Changed: Sep 13 Last Checked: Sep 26 at 4:06PM
MLS# 20261030037

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.

Investment Insights

Based on property information with market context.

This 2,300-square-foot brick duplex contains two residential units, each with three bedrooms, one full bathroom, a full kitchen, living room, and dining room. A shared basement adds storage and utility space. The property also includes a 2.5-car garage, a separate 1.5-car garage, and a large driveway for on-site parking.

The duplex spans two parcels totaling 0.17 acres. The primary property address is 1423 Lakewood Street, with the second-floor unit identified as 1427 Lakewood St and the additional parcel at 1407 Lakewood St. Built in 1915, the Colonial-style property has Residential zoning, forced-air heat, ceiling fans, public water, and an asphalt roof.

Key Highlights

  • Two‑unit duplex with 2,300 square feet of total property size
  • Each unit includes 3 bedrooms and 1 full bathroom
  • Separate 2.5‑car and 1.5‑car garages

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 three-bedroom units offer full kitchens, living rooms, dining rooms, and one full bathroom each.
Where is this duplex located?
The property is located at 1423 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‑unit duplex with 2,300 square feet of total property size; Each unit includes 3 bedrooms and 1 full bathroom; Separate 2.5‑car and 1.5‑car garages
More about this property
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