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Updated Colonial Duplex in Detroit
For Sale
$179,900

5243 Devonshire Rd, Detroit, MI 48224

Updated brick colonial with two units, ideal for investors.

Days on Market72

Property Features for 5243 Devonshire Rd

General Information

Standard status Active
Property subtype Investment

Building Details

Year Built 1929
Listing Agency:
Listed By: Corey Edwards
Source: Elliman
Added: May 20 Changed: Jul 10 Last Checked: Jul 29 at 8:38AM

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 Corey Edwards

Investment Insights

Based on property information with market context.

This updated brick colonial features two spacious units, each containing two bedrooms and one full bath. The property is suitable for both homeowners and investors. The multi-unit property combines classic character with modern updates. Both units feature inviting layouts with carpeted flooring, generously sized living areas, and natural light. A private balcony allows for relaxation. The property includes a 2-car detached garage for parking and storage. The property is move-in ready and updated, presenting an opportunity for rental income or multi-generational living. The location has a bike score of 66, making it bikeable, a walk score of 61, indicating it is somewhat walkable, and a transit score of 41, suggesting some transit options are available.

Key Highlights

  • Two separate units, each with 2 bedrooms and 1 full bath, ideal for homeowners or investors.
  • Updated throughout, move‑in ready condition.
  • Classic brick colonial architecture with timeless character.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Kitchen & Bath Showroom Skin Care Clinic Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

442
Businesses Nearby

Demographics for 48224, MI

39,633
Population
16,786
Households
2.4
Avg Household Size
33
Median Age
14%
College-Educated
84%
High-School Grad
5.8 sq mi
ZIP Area
6,833
Density / Sq Mi
$42,963
Median Household Income
$30,997
Median Earnings
$1,213
Median Rent
$77,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Updated brick colonial with two units, ideal for investors.
Where is this duplex located?
The property is located at 5243 Devonshire Rd Detroit, MI.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Two separate units, each with 2 bedrooms and 1 full bath, ideal for homeowners or investors.; Updated throughout, move‑in ready condition.; Classic brick colonial architecture with timeless character.
More about this property
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