Renovated Multi-Family Home, Bagley
17144 Greenlawn Street Detroit, MI 48221
17144 Greenlawn Street, Detroit, MI, 48221
$324,999
For Sale
$324,999
MULTI_FAMILY - Other - Detroit, MI
Property Size2,431 SF
Lot Size0.10 Acres
Price / SF$133.69
Days on Market91
Property Features for 17144 Greenlawn Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 3, Basement, Bedroom 2, Bedroom 5, Bedroom 7, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 3
- Pets allowed
- Call
- Interior features
- Laundry Facility
- Exterior features
- Fenced
- Fencing
- Fenced
- Standard status
- Active
- APN
- W16I029460S
- Size
- 2,431 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Description
- E GREENLAWN 303 AURORA PARK SUB L44 P56 PLATS, W C R 16/281 35 X 128.66A
- Tax Annual Amount
- 1977
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1928
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing agency
KW Metro
(248) 288-3500
Listed by
Lorenzo Sparks · License #6501412951
(248) 288-3500
Added: Apr 24 Updated: Jul 9 at 2:44AM Checked: Jul 23 at 6:06AM
MLS# 20261028479
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 renovated two-family home is located in Detroit's Bagley neighborhood. The property features two units, suitable for investors, owner-occupants, or multigenerational living. The lower unit includes 4 bedrooms and 2 full baths, while the upper unit offers 3 bedrooms and 1 full bath. Both units have been redesigned with tall ceilings, recessed lighting, luxury vinyl plank flooring, and a wood-burning fireplace. Each kitchen has been updated with cabinetry, quartz countertops, and appliance hookups. The bathrooms have been renovated with modern finishes. Mechanical updates include new plumbing, electrical, and HVAC systems, along with a new roof and siding. The property also features a basement with storage and washer/dryer hookups, a fenced shared yard, and a 3-car garage. The property is located minutes from University of Detroit Mercy and Livernois Avenue of Fashion, and a short drive from Downtown Detroit. The property size is 2431 square feet and the lot size is 0.1 acres. A 24-hour monitored surveillance system is in place. The furnace and hot water heater will be installed at closing. The property is zoned for multi-family use.
Key Highlights
- Fully renovated two‑family home built in 1928 in Detroit’s Bagley District
- Lower unit: 4 bedrooms and 2 full baths; upper unit: 3 bedrooms and 1 full bath
- Major mechanical updates listed: new plumbing, electrical, HVAC, roof, and siding
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.3k | $17.40 |
| − Vacancy | −$2.6k | −$1.07 |
| EGI | $39.7k | $16.33 |
| − OpEx | −$11.9k | −$4.90 |
| NOI | $27.8k | $11.43 |
2,431 SF · lease $17.40/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$396.9K
$347.3K – $463.1K
NOI $27,783 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$364.3K
$318.8K – $425.1K
NOI $25,503 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$536.3K
$469.3K – $625.7K
NOI $37,540 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two updated units near University of Detroit Mercy.
Where is this duplex located?
The property is located at 17144 Greenlawn Street Detroit, MI.
What is the asking price?
The asking price for this property is $324,999.
What are key features of this property?
This property features: Fully renovated two‑family home built in 1928 in Detroit’s Bagley District; Lower unit: 4 bedrooms and 2 full baths; upper unit: 3 bedrooms and 1 full bath; Major mechanical updates listed: new plumbing, electrical, HVAC, roof, and siding
