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Duplex with Fireplaces
New
For Sale
$79,900

3061 Lakewood Street, Detroit, MI 48215

Multifamily, 2 Story, Detroit, MI

Property Size2,728 SF
Lot Size0.14 Acres
Price / SF$29.29
Days on Market7

Property Features for 3061 Lakewood Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multi-Family
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bathroom 2, Bedroom 3, Basement, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 6
Pets allowed Yes
Subdivision Garden Heights
Elementary school district Detroit
Middle school district Detroit
High school district Detroit
Directions East on Mack Ave to Lakewood, S on Lakewood to address
Standard status Active
APN W21I054856S
Size 2,728 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Description W LAKEWOOD 111 GARDEN HEIGHTS SUB L30 P58 PLATS, W C R 21/399 40 X 156.49A
Tax Annual Amount 1266
Legal Description W LAKEWOOD 111 GARDEN HEIGHTS SUB L30 P58 PLATS, W C R 21/399 40 X 156.49A

Utilities

Heating system Gravity
Water source Public

Amenities

hardwood flooring
fireplace
dark wood trim
divided basements
separate electric and gas meters

Building Details

Year built 1925
Floors in Building 2
Number of units 2
Building materials Brick
Architectural style Colonial
Listing Agency: EXP Realty Main
Listed By: Danny Peterson · License #6501264210
Added: Sep 30 Changed: Oct 5 Last Checked: Oct 6 at 11:06AM
MLS# 20261079280

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1925 brick Colonial duplex contains two units, each with three bedrooms and one bathroom. The lower and upper units each have a fireplace, with hardwood flooring beneath much of the carpeting. The property totals 2,728 square feet on a 0.14-acre lot and requires extensive updating.

The basements are divided, and each unit has separate gas and electric meters. Zoned Multi-Family, the building offers a defined two-unit configuration.

Key Highlights

  • Two units, each with 3 bedrooms and 1 bathroom
  • 2,728‑square‑foot building on a 0.14‑acre lot
  • 1925 brick Colonial construction

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 - Two three-bedroom units feature separate basements and individual gas and electric meters.
Where is this duplex located?
The property is located at 3061 Lakewood Street 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 units, each with 3 bedrooms and 1 bathroom; 2,728‑square‑foot building on a 0.14‑acre lot; 1925 brick Colonial construction
More about this property
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