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Well-Maintained Duplex with Two Units
For Sale
$159,900

3023 Gray St, Detroit, MI 48215

Duplex offers two units, each with two bedrooms and one full bathroom, suited for owner-occupant or investor ownership.

Property Size2,054 SF
Days on Market186

Property Features for 3023 Gray St

General Information

Standard status Active
Size 2,054 SF
Property subtype Investment

Site & Location

Neighborhood Riverbend

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,545

Building Details

Building Size 2,054 SF
Year Built 1924
Units 2
Listing Agency: Own It Realty
Listed By: Yasir Abulaban
Source: Elliman
Added: Apr 28 Changed: Oct 25 Last Checked: Oct 28 at 8:57AM

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 Own It Realty

Rey
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Investment Insights

Based on property information with market context.

This well-maintained duplex includes two separate units. Each unit is configured with two spacious bedrooms and one full bathroom, providing straightforward, functional living space.

Located near shopping, dining, schools, and major freeways, the property is positioned for convenient day-to-day access. Walk and bike scores are reported as somewhat walkable and bikeable, with transit scored as somewhat limited.

With a duplex layout and two-tenant configuration, the property offers an income-producing structure while also supporting owner-occupancy scenarios where one unit can be lived in and the other rented. FHA, VA, and conventional financing are noted as welcome.

Key Highlights

  • 1924‑built duplex with 2 units
  • Each unit features 2 bedrooms and 1 full bathroom
  • Well‑maintained duplex suited for owner‑occupant or investor ownership

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

192
Businesses Nearby

Demographics for 48215, MI

10,520
Population
6,044
Households
1.7
Avg Household Size
41
Median Age
19%
College-Educated
85%
High-School Grad
3.9 sq mi
ZIP Area
2,697
Density / Sq Mi
$33,741
Median Household Income
$36,728
Median Earnings
$897
Median Rent
$105,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Duplex offers two units, each with two bedrooms and one full bathroom, suited for owner-occupant or investor ownership.
Where is this duplex located?
The property is located at 3023 Gray St Detroit, MI.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 1924‑built duplex with 2 units; Each unit features 2 bedrooms and 1 full bathroom; Well‑maintained duplex suited for owner‑occupant or investor ownership
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