Detroit Multifamily Investment
For Sale
$284,900
681 Clairmount Street, Detroit, MI 48202
Multifamily property near downtown Detroit with income potential.
Lot Size0.13 Acres
Days on Market157
Property Features for 681 Clairmount Street
General Information
Standard status
Active
Lot size
0.13 Acres
Property subtype
Multi-Family
Building Details
Year Built
1913
Listing Agency:
Keller Williams Legacy
(313) 502-0419
Listed By:
Haitham Garallah · License #452103
(313) 502-0419
Source:
Kw
Added: Feb 27
Changed: Jul 6
Last Checked: Aug 2 at 12:58PM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
This multifamily property, located minutes from downtown Detroit, presents an investment opportunity with two units, offering flexibility and income potential. One unit features 4 bedrooms and 1 bathroom, including a Jack and Jill bedroom layout. The second unit includes 2 bedrooms and 1 bathroom. The basement has a half bathroom. An upstairs studio space, equipped with plumbing, is ready to be finished, offering the potential to add a third income-producing unit or a private guest suite. The property is positioned for short-term rental success, benefiting from its proximity to downtown and the presence of an active Airbnb next door, indicating demand in the area. With its layout and studio potential, this property is suited for investors looking to maximize returns and build long-term value.
Key Highlights
- Prime location minutes from downtown Detroit, ideal for short‑term rentals.
- Potential to add a third income‑producing unit by finishing the upstairs studio space with existing plumbing.
- Two existing units: a 4‑bedroom/1‑bathroom unit with a unique Jack and Jill layout, and a 2‑bedroom/1‑bathroom unit.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Explore this area
Business Placement
Demographics for 48202, MI
17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
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 - Multifamily property near downtown Detroit with income potential.
Where is this duplex located?
The property is located at 681 Clairmount Street Detroit, MI.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Prime location minutes from downtown Detroit, ideal for short‑term rentals.; Potential to add a third income‑producing unit by finishing the upstairs studio space with existing plumbing.; Two existing units: a 4‑bedroom/1‑bathroom unit with a unique Jack and Jill layout, and a 2‑bedroom/1‑bathroom unit.
