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Detroit Multifamily Income Property
For Sale
$249,950

2216-2220 Canton St, Detroit, MI 48207

Well-maintained two-unit property with rental income potential in Detroit.

Property Size2,436 SF
Price / SF$102.61
Days on Market168

Property Features for 2216-2220 Canton St

General Information

Standard status Active
Size 2,436 SF
Property subtype Multi-Family

Site & Location

Neighborhood Islandview

Building Details

Year Built 1915
Listing Agency: REALTEAM Real Estate
Listed By: Tiroca Battle
Source: Premiermichiganhomesearch
Added: May 15 Changed: Oct 26 Last Checked: Oct 28 at 3:28PM

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 REALTEAM Real Estate

Rey
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Investment Insights

Based on property information with market context.

This well-maintained two-unit multifamily property is located in Detroit and offers income-producing potential. The upper unit features 3 bedrooms and 1 full bath, providing a spacious layout with natural light and comfortable bedroom sizes. The lower unit offers 2 bedrooms and 1 full bath, making it suitable for additional rental income. Both units showcase hardwood floors throughout. Each unit includes a kitchen with cabinet and counter space. The layouts in both units are practical and inviting. This multifamily property delivers flexibility and opportunity. It is located near shopping, dining, schools, parks, and major freeways, offering access to Detroit. The bike score is 68, indicating it is bikeable. The walk score is 50, indicating it is somewhat walkable, and the transit score is 54, indicating good transit.

Key Highlights

  • Income‑producing 2‑unit multifamily property.
  • Upper unit: 3 bedrooms, 1 bath; Lower unit: 2 bedrooms, 1 bath.
  • Beautiful hardwood floors throughout both units.

Property Analytics

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Open Analytics

Location Intelligence

Trade Area within ½ mile

418
Businesses Nearby

Demographics for 48207, MI

21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
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 - Well-maintained two-unit property with rental income potential in Detroit.
Where is this duplex located?
The property is located at 2216-2220 Canton St Detroit, MI.
What is the asking price?
The asking price for this property is $249,950.
What are key features of this property?
This property features: Income‑producing 2‑unit multifamily property.; Upper unit: **3 bedrooms, 1 bath**; Lower unit: **2 bedrooms, 1 bath.**; Beautiful hardwood floors throughout both units.
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