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Two-Unit Duplex with Fireplaces
For Sale
$79,900

3061 Lakewood St, Detroit, MI 48215

Each residence offers three bedrooms, a full bath, and a separate basement area.

Property Size2,728 SF
Price / SF$29.29
Days on Market8

Property Features for 3061 Lakewood St

General Information

Standard status Active
Size 2,728 SF
Property subtype Residential Income

Property Condition

Severity Major Repairs Needed
Evidence extensive updating

Units

Unit Mix 2 x 3BR/1BA
Multifamily Units 2

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $1,266
Listing Agency: EXP Realty Main
Listed By: Danny Peterson · License #6501264210
Source: Exprealty
Added: Sep 30 Changed: Oct 6 Last Checked: Oct 5 at 11:18PM

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

Investment Insights

Based on property information with market context.

Built in 1925, this approximately 2,800-square-foot duplex contains two residences, each with three bedrooms, one bathroom, and a fireplace. Hardwood flooring remains beneath carpeting in both units; the lower residence also has dark wood trim. The basement is divided, with separate gas and electric meters for the units.

The property requires extensive updating.

Key Highlights

  • Two residences, each with 3 bedrooms and 1 bathroom
  • Approximately 2,800 square feet; built in 1925
  • Fireplace in each residence

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Spa & Massage Center Building Supply Electrical Service

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

440
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
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Frequently Asked Questions

What type of property is this?
Duplex - Each residence offers three bedrooms, a full bath, and a separate basement area.
Where is this duplex located?
The property is located at 3061 Lakewood St Detroit, MI.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 bathroom; Approximately 2,800 square feet; built in 1925; Fireplace in each residence
More about this property
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