Updated Two-Family
New
For Sale
$195,000
6903 Penrod St, Detroit, MI 48228
Three finished levels include a basement, with separate rental and owner-occupant use potential.
Property Size2,850 SF
Price / SF$68.42
Days on Market4
Property Features for 6903 Penrod St
General Information
Standard status
Active
Size
2,850 SF
Property subtype
Investment
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,008
Building Details
Year Built
1929
Buildings
1
Units
2
Listing Agency:
Simple Fee Listings
Listed By:
Randall Wolber · License #MISPE-6502431755
(734) 674-6608
Source:
Elliman
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:09AM
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 Simple Fee Listings
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Investment Insights
Based on property information with market context.
This Detroit duplex offers two residential units across three finished levels, with approximately 2,850 square feet of living space that includes a finished basement. Improvements include a replacement roof, new flooring and drywall, refreshed interior paint, updated electrical panels, and an additional furnace.
Built in 1929, the property’s two-unit configuration supports rental use or owner occupancy in one unit alongside rental of the other.
Built in 1929, the property’s two-unit configuration supports rental use or owner occupancy in one unit alongside rental of the other.
Key Highlights
- Two‑family configuration in a duplex
- Approximately 2,850 square feet of finished living space, including the basement
- Three finished levels
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
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Demographics for 48228, MI
53,893
Population
22,620
Households
2.4
Avg Household Size
31
Median Age
11%
College-Educated
78%
High-School Grad
8.9 sq mi
ZIP Area
6,055
Density / Sq Mi
$31,485
Median Household Income
$27,533
Median Earnings
$1,086
Median Rent
$55,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Three finished levels include a basement, with separate rental and owner-occupant use potential.
Where is this duplex located?
The property is located at 6903 Penrod St Detroit, MI.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two‑family configuration in a duplex; Approximately 2,850 square feet of finished living space, including the basement; Three finished levels
