Madison Heights, MI Residential income properties for sale

Updated: Feb 5

Madison Heights Duplex with Upside

31 W BARRETT Avenue, Madison Heights, MI 48071

$275,000

1,584 sqft 0.10 AC lot

Upper‑lower duplex with 2 separate units and tenants on month‑to‑month leases
Upper unit is Section 8 and also rented month to month
Lower unit is month to month and offers value‑add potential for new owners
Year built 1928; bungalow architectural style
Central air and forced‑air heating; cooling includes ceiling fans

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This listing looks promising.

Here's a quick look at some key insights for

31 W BARRETT Avenue, Madison Heights, MI 48071

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Est. Cap Rate

7.6%
Above avg (5.9%)
Est. NOI

$21K
Annual
Price @ 7% Cap

$300K
Above asking
Property Type

Single Family Residence
Built 1928

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Updated: Apr 24

Madison Heights Duplex with Upside

31 W BARRETT Ave, Madison Heights, MI 48071

$275,000

Strong cash flow potential with value‑add upside
Flexibility to raise rents due to month‑to‑month leases
Utilities paid by tenants (except water, which is reimbursed)
Appraised at $290,000 in December 2025
Suitable for both investors and owner‑occupants (house hacking)

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Madison Heights Investment Opportunity

740 W 11 Mile Rd, Madison Heights, MI 48071

Contact for pricing

Two-building investment opportunity in Madison Heights.

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Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 Active listings in Madison Heights, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Renovated Duplex with Enclosed Porch

306 N Kenwood Avenue, Royal Oak, MI 48067

$320,000

1,396 sqft 0.14 AC lot

Two-unit duplex with updated kitchens and baths, enclosed front porch, shared basement storage, and detached two-car garage.

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Mixed-Use Redevelopment Building

23919 John R Road, Hazel Park, MI 48030

$699,000

Town Center (TC) zoned corner building with open, partially demo'd interior, sunroom-style addition, basement, and ample parking.

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18-Unit Multifamily Building

1241-1251 E Woodward Heights Blvd, Hazel Park, MI 48030

$4,000,000

18-unit apartment building offered for sale with rent roll and financials available to qualified buyers.

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Renovated Duplex with Detached Garage

306 N Kenwood Ave, Royal Oak, MI 48067

$320,000

Each unit offers 2 bedrooms and 1 full bath, plus an enclosed front porch, shared basement storage, and a detached 2-car garage.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Hazel Park Development Opportunity

24095 VANCE, Hazel Park, MI 48030

$849,000

1.66 AC lot

1.66 acres for residential development near Amazon.

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Warren Land Development Opportunity

27365 Ryan Road, Warren, MI 48092

$175,999

1.30 AC lot

Two combined lots, 1.28 acres, ready for development.

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Residential Lot in Warren, MI

4225 KIEFER Avenue, Warren, MI 48091

$35,000

0.21 AC lot

Residential lot in Warren, perfect for building a home.

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Vacant Land with City Utilities

28530 RYAN Road, Warren, MI 48092

$300,000

1.30 AC lot

Over one acre vacant lot in Warren with water and sewer available at the street for development.

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Off-Market Properties in Madison Heights, MI

Consider similar Off-Market properties in Madison Heights, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Multifamily properties

12 Mile Rd, Madison Heights, MI 48071

Value Estimation by Request

1,485 sqft

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Madison Heights, MI Residential Income Properties Market Trends and Statistics

Explore 4 residential income properties for sale in Madison Heights, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 1,584 square feet of properties for sale, with an estimated market value of $550,000.

Sale prices for residential income properties in Madison Heights, MI average $275,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
48071	$425K

Neighborhood

Average Price

48071

$425K

Madison Heights, MI Residential Income Properties for Sale

31 W BARRETT Avenue, Madison Heights, MI 48071

31 W BARRETT Ave, Madison Heights, MI 48071

740 W 11 Mile Rd, Madison Heights, MI 48071