Two-Unit Residential Income
15853 Washburn St, Detroit, MI 48238
For Sale
$134,000
Duplex-style multi-family with two three-bedroom units and a shared unfinished basement, one unit vacant and ready to lease.
Property Size2,429 SF
Price / SF$55.17
Days on Market142
Property Features for 15853 Washburn St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Detroit Investment Company
Listed By:
Mark Hutter · License MI #6502372594
(734) 469-4607
Source:
Premiermichiganhomesearch
Added: Jun 22
Changed: Oct 25
Last Checked: Oct 19 at 7:51AM
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 Detroit Investment Company
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Investment Insights
Based on property information with market context.
This is a sprawling two-unit residential income property with two separate units. The lower unit is currently tenant occupied on an active lease term, while the upper unit is vacant. Each unit includes a spacious living room, a formal dining room, a large kitchen, three bedrooms, and one bathroom. Both units share an unfinished basement.
The property is described as located just south of Puritan Ave and west of Wyoming Ave in Detroit. Walkability and bikeability are both noted as somewhat walkable/bikeable, with a transit score listed as some transit.
For investors or owner-operators, the mix of a lease-in-place lower unit and a vacant upper unit can support straightforward leasing and rent management within a single building. The sale is offered as-is, with all showings requiring a licensed agent to be present and dimensions noted as estimated and to be verified by the buyer.
The property is described as located just south of Puritan Ave and west of Wyoming Ave in Detroit. Walkability and bikeability are both noted as somewhat walkable/bikeable, with a transit score listed as some transit.
For investors or owner-operators, the mix of a lease-in-place lower unit and a vacant upper unit can support straightforward leasing and rent management within a single building. The sale is offered as-is, with all showings requiring a licensed agent to be present and dimensions noted as estimated and to be verified by the buyer.
Key Highlights
- Duplex‑style multi‑family built in 1928 with two 3‑bedroom, 1‑bath units and a shared unfinished basement
- Lower unit is tenant occupied at $995/month with a $1,000 security deposit; lease runs 5/4/26–5/3/27
- Upper unit is currently vacant and ready for a new tenant
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Location Intelligence
Trade Area within ½ mile
852
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Business Placement
Demographics for 48238, MI
25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Detroit, MI
Properties on Market for Duplexes in Detroit
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex-style multi-family with two three-bedroom units and a shared unfinished basement, one unit vacant and ready to lease.
Where is this duplex located?
The property is located at 15853 Washburn St Detroit, MI.
What is the asking price?
The asking price for this property is $134,000.
What are key features of this property?
This property features: Duplex‑style multi‑family built in 1928 with two 3‑bedroom, 1‑bath units and a shared unfinished basement; Lower unit is tenant occupied at $995/month with a $1,000 security deposit; lease runs 5/4/26–5/3/27; Upper unit is currently vacant and ready for a new tenant
