Madison Heights Duplex with
For Sale
$275,000
31 W BARRETT Ave, Madison Heights, MI 48071
Cash-flowing duplex with value-add potential in Madison Heights.
Days on Market101
Property Features for 31 W BARRETT Ave
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1928
Listing Agency:
M77 LLC
(586) 663-0473
Listed By:
Evan Bassy
(586) 663-0473
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 1 at 11:39AM
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 M77 LLC
Investment Insights
Based on property information with market context.
Located in Madison Heights, this upper-lower duplex presents an investment opportunity with potential for increased cash flow. The property consists of two separate units, both currently occupied by tenants on month-to-month leases. The upper unit participates in Section 8. The lower unit offers significant value-add potential. Tenants are responsible for their own utilities, while the landlord covers water expenses, which are then reimbursed through a bill-back system. The property was appraised at $290,000 in December 2025. The location is considered somewhat walkable, with a walk score of 64, and bikeable, with a bike score of 50. This property is suited for investors seeking rental income or owner-occupants interested in house hacking while benefiting from nearby local amenities.
Key Highlights
- Strong cash flow potential with value‑add upside
- Flexibility to raise rents due to month‑to‑month leases
- Utilities paid by tenants (except water, which is reimbursed)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
Business Placement
Demographics for 48071, MI
28,468
Population
14,690
Households
1.9
Avg Household Size
39
Median Age
32%
College-Educated
89%
High-School Grad
7.1 sq mi
ZIP Area
4,010
Density / Sq Mi
$66,726
Median Household Income
$49,151
Median Earnings
$1,138
Median Rent
$190,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Cash-flowing duplex with value-add potential in Madison Heights.
Where is this duplex located?
The property is located at 31 W BARRETT Ave Madison Heights, MI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Strong cash flow potential with value‑add upside; Flexibility to raise rents due to month‑to‑month leases; Utilities paid by tenants (except water, which is reimbursed)
