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Tenant-Occupied Duplex with Basements
For Sale
$139,900
Pending

3026 Lothrop St, Detroit, MI 48206

Two-unit residential property with separate kitchens, unfinished basement areas, and existing tenants in place.

Property Size2,054 SF
Days on Market49

Property Features for 3026 Lothrop St

General Information

Standard status Pending
Size 2,054 SF
Property subtype Residential Income

Site & Location

Neighborhood Wildemere Park

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,916

Building Details

Tenancy Multi
Listing Agency: EXP Realty Main
Listed By: Ronnie Alauddin · License #6501411264
Source: Exprealty
Added: Sep 12 Changed: Oct 25 Last Checked: Oct 28 at 12:45PM

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 Main

Rey
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Investment Insights

Based on property information with market context.

This tenant-occupied duplex was built in 1926 and contains two residential units. Each unit includes two bedrooms, one full bathroom, a kitchen, and an unfinished basement area. The property offers a distinct upper and lower unit configuration suited to continued rental use or an owner-occupant arrangement.

Tenants separately handle gas and electric service, while the landlord is responsible for property taxes and water. The address is north of W Grand Blvd and east of Grand River, with a 71 BikeScore, 53 WalkScore, and 51 TransitScore. Tenant privacy is requested during property visits.

Key Highlights

  • Two‑unit duplex with upper and lower residences
  • Each unit has 2 bedrooms, 1 full bath, and a kitchen
  • Unfinished basement space included with both units

Property Analytics

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Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

602
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 - Two-unit residential property with separate kitchens, unfinished basement areas, and existing tenants in place.
Where is this duplex located?
The property is located at 3026 Lothrop St Detroit, MI.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Two‑unit duplex with upper and lower residences; Each unit has 2 bedrooms, 1 full bath, and a kitchen; Unfinished basement space included with both units
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