Detroit Multifamily Property on
For Sale
$220,000
3320 Richton Street, Detroit, MI 48206
Spacious 2-unit property in a revitalizing Detroit neighborhood.
Property Size2,800 SF
Price / SF$78.57
Days on Market126
Property Features for 3320 Richton Street
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Multi Family
Listing Agency:
EXP Realty Plymouth
(855) 477-7355
Listed By:
Vincent Hachigian
(810) 354-8066
Source:
Alexmi
Added: May 12
Changed: Sep 8
Last Checked: Sep 13 at 11:29AM
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 Plymouth
Investment Insights
Based on property information with market context.
Located in a historic and revitalizing Detroit neighborhood, this brick multifamily property at 3320 Richton Street offers approximately 2,800 square feet of living space, complemented by a finished lower level. Configured as a 2-unit property, it presents opportunities for various ownership and income generation strategies, such as living in one unit while renting the other, creating a multigenerational living arrangement, or renovating for long-term investment. The property features generously sized bedrooms and Detroit architecture from the 1920s. The finished basement provides additional space suitable for storage, recreation, or future improvements. Situated near Davison and Dexter, the property provides convenient access to Downtown Detroit, the Livernois corridor, the University District area, and community investments in the surrounding neighborhoods. This property is intended for investors, homeowners seeking rental income, or buyers aiming to restore a classic Detroit property. It has the potential to become a standout residence or a strong income-producing asset.
Key Highlights
- Spacious 2,800 sq ft multi‑family property with finished lower level.
- Configured as a 2‑unit property, providing options for rental income.
- Located in a revitalizing historic Detroit neighborhood with convenient access to Downtown, Livernois, and the University District.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Spacious 2-unit property in a revitalizing Detroit neighborhood.
Where is this duplex located?
The property is located at 3320 Richton Street Detroit, MI.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Spacious 2,800 sq ft multi‑family property with finished lower level.; Configured as a 2‑unit property, providing options for rental income.; Located in a revitalizing historic Detroit neighborhood with convenient access to Downtown, Livernois, and the University District.
