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All-Brick Two-Unit Multifamily
For Sale
$149,000

2981 Richton St, Detroit, MI 48206

All-brick duplex with two separately metered units, each offering three bedrooms and one full bathroom.

Property SizeContact for details
Days on Market100

Property Features for 2981 Richton St

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Building Details

Year Built 1926
Listing Agency: Anthony Djon Luxury Real Estate
Listed By: Anthony Djon
Source: Katie-k
Added: Jul 9 Changed: Oct 14 Last Checked: Oct 15 at 1:59AM

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 Anthony Djon Luxury Real Estate

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Investment Insights

Based on property information with market context.

This expansive all-brick two-unit multifamily property includes two spacious units, each featuring three bedrooms and one full bathroom, along with expansive living and dining areas. Gas and electric utilities are separately metered, providing straightforward separation of services between the units. The property is being sold As-Is.

The address is in Detroit, with the property described as being about two blocks from the Dexter corridor. It is also noted as being moments from the Boston-Edison and Russell Woods/Nardin Park neighborhoods. WalkScore is listed at 31 (Car-Dependent), bikeScore at 38 (Somewhat Bikeable), and transitScore at 50 (Good Transit).

For tenants or owners, the duplex configuration and separate metering support flexible occupancy, with one unit available while the other can generate rental income.

Key Highlights

  • All‑brick two‑unit multifamily property built in 1926
  • 2 separately metered units, each with 3 bedrooms and 1 full bathroom
  • Each unit includes expansive living and dining areas

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Parking Lot & Garage Hair Salon Skin Care Clinic

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

394
Businesses Nearby

Demographics for 48206, MI

15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
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 - All-brick duplex with two separately metered units, each offering three bedrooms and one full bathroom.
Where is this duplex located?
The property is located at 2981 Richton St Detroit, MI.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: All‑brick two‑unit multifamily property built in 1926; 2 separately metered units, each with 3 bedrooms and 1 full bathroom; Each unit includes expansive living and dining areas
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