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Islandview Detroit Multifamily Property
For Sale
$120,000
Pending

2927 Canton St, Detroit, MI 48207

Spacious 6-bedroom multifamily property in Detroit's Islandview district.

Days on Market112

Property Features for 2927 Canton St

General Information

Standard status Pending
Property subtype Investment

Building Details

Year Built 1912
Listing Agency: eXp Realty
Listed By: Grace Darfour
Source: Elliman
Added: Apr 10 Changed: Jul 10 Last Checked: Jul 15 at 12:35PM

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

Investment Insights

Based on property information with market context.

This multi-family property is located in the Islandview district of Detroit, minutes from Eastern Market. The building features 6 bedrooms in total, with each unit containing 3 bedrooms. A full-length attic offers flexible space suitable for a home office, studio, or den. The basement is divided, providing added privacy and convenience for each unit. The property presents income potential for investors. While currently vacant, both units were recently tenant-occupied and are ready for immediate leasing or owner occupancy. The location has a bike score of 68, indicating it is bikeable, a walk score of 50, indicating it is somewhat walkable, and a transit score of 54, indicating good transit options.

Key Highlights

  • Spacious 6‑bedroom multi‑family property (3 bedrooms per unit).
  • Located in the desirable Islandview district of Detroit, near Eastern Market.
  • Strong income potential for investors.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Nail Salon Building Supply Hair Salon

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

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

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 - Spacious 6-bedroom multifamily property in Detroit's Islandview district.
Where is this duplex located?
The property is located at 2927 Canton St Detroit, MI.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Spacious 6‑bedroom multi‑family property (3 bedrooms per unit).; Located in the desirable Islandview district of Detroit, near Eastern Market.; Strong income potential for investors.
More about this property
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