Property profile

1038 Parker St Detroit, MI 48214

FOR SALE
Triplexes
Property ID
US43-0357034
Built 1920
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Property summary

AI-generated overview

Open House, Sunday, August 23, 2 p.m. to 4 p.m.This 3-unit home in West Village under $500K offering income potential and flexible layout in one of Detroit's most walkable historic neighborhoods. With 3,800 approximate sqft and a 60x157 lot, this 1920 gem combines charm, space, and rare versatility. Currently configured as a triplex, this property includes two finished units: Unit #2 (second floor) offers 2 bedrooms, 2 full baths, a large living room, dining area, and updated kitchen with hardwood floors. Unit #3 (third floor) features a living room, kitchen, dining space, and full bath and 1 bedroom. The entry level has been gutted and is ready for a custom design--ideal for owner-occupants, additional rental income, or a grand single-family conversion. Historic details remain, including original hardwoods and a fireplace on the main floor. There is a deep backyard with gardens, fruit trees, and a rain barrel setup. The 5-car garage with alley acce West Village, where alley-entry garages are part of the charm. Walk to local restaurants and Bistros, the Detroit Riverfront, and multiple parks. Whether you're seeking an investment, a multi-generational layout, or a single-family home with room to grow, this West Village opportunity is one of a kind for character, flexibility,design and walkability. ________________________________________ bikeScore: 68, Bikeable walkScore: 51, Somewhat Walkable transitScore: 54, Good Transit

Property profile

Verified
Property type Triplexes
Year built 1920
UPID US43-0357034

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1038 Parker St Detroit, MI 48214
Detroit metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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