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Updated Duplex with Two Kitchens
For Sale
$285,000

4316 Lakewood St, Detroit, MI 48215

Two-unit layout with separate utilities, new windows, and a covered rear patio.

Property Size3,630 SF
Price / SF$78.51
Days on Market55

Property Features for 4316 Lakewood St

General Information

Standard status Active
Size 3,630 SF
Total Parking Spaces 2
Property subtype Multi-Family

Additional Details

Public Transit Yes
Multifamily Units 2

Amenities

covered rear patio
yard
basement

Building Details

Year Built 1951
Buildings 1
Construction colonial
Listing Agency: Own It Realty
Listed By: Hassan Scheib · License #6502399271
Source: Vmrealestatemichigan
Added: Aug 17 Changed: Oct 10 Last Checked: Oct 9 at 8:08PM

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 Own It Realty

Investment Insights

Based on property information with market context.

This 1951 duplex at 4316 Lakewood St in Detroit features two kitchens, two bathrooms, separate utilities and mechanical systems, and a spacious interior layout. Recent improvements include updated electrical and plumbing, new windows, new flooring throughout, recessed lighting, and refreshed fixtures and finishes.

The property also includes a large basement, yard, covered rear patio, and two-car garage. WalkScore is 59, BikeScore is 56, and TransitScore is 35, reflecting a somewhat walkable setting with some transit access and bikeable conditions.

Key Highlights

  • Two‑unit duplex with two kitchens and two bathrooms
  • Separate utilities and mechanical systems
  • Updated electrical, plumbing, windows, flooring, lighting, fixtures, and finishes

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Law Firm Spa & Massage Center Building Supply Parking Lot & Garage Kitchen & Bath Showroom

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

320
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-unit layout with separate utilities, new windows, and a covered rear patio.
Where is this duplex located?
The property is located at 4316 Lakewood St Detroit, MI.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two‑unit duplex with two kitchens and two bathrooms; Separate utilities and mechanical systems; Updated electrical, plumbing, windows, flooring, lighting, fixtures, and finishes
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