Turnkey three-unit multi family investment opportunity in Detroit. Two of the three units are currently tenant-occupied while the third floor lease recently lapsed March 1st. Property features newer finishes throughout, minimizing up front capital expenditures. Ideally located just minutes from Woodward Avenue, Wayne State University and Little Caesars Arena, with convenient access to downtown amenities, dining and entertainment. Strong rental demand area makes this a sold cash-flow addition to any investors portfolio with long-term upside.
Property Details
Price:
$275,000
MLS #:
58050200604
Status:
Active
Beds:
4
Baths:
3
Type:
Single Family
Subtype:
Multi Family
Subdivision:
MC LAUGHLIN BROS SUB OF LT 8
Neighborhood:
05043detlivernoisi756gdriver
Listed Date:
Mar 3, 2026
Finished Sq Ft:
1,884
Year Built:
1915
See this Listing
Schools
School District:
Detroit
Interior
Appliances
Oven, Refrigerator, Range
Bathrooms
3 Full Bathrooms
Cooling
Window Units
Heating
Forced Air, Natural Gas
Exterior
Architectural Style
Morethan2Stories
Association Amenities
Laundry
Construction Materials
Brick
Financial
Taxes
$2,274
Map
Community
- Address309 Melbourne ST Detroit MI
- SubdivisionMC LAUGHLIN BROS SUB OF LT 8
- CityDetroit
- CountyWayne
- Zip Code48202
Market Summary
Current real estate data for Single Family in Detroit as of Mar 03, 2026
2,866
Single Family Listed
123
Avg DOM
82
Avg $ / SqFt
$149,885
Avg List Price
Property Summary
- Located in the MC LAUGHLIN BROS SUB OF LT 8 subdivision, 309 Melbourne ST Detroit MI is a Single Family for sale in Detroit, MI, 48202. It is listed for $275,000 and features 4 beds, 3 baths, and has approximately 1,884 square feet of living space, and was originally constructed in 1915. The current price per square foot is $146. The average price per square foot for Single Family listings in Detroit is $82. The average listing price for Single Family in Detroit is $149,885. To schedule a showing of MLS#58050200604 at 309 Melbourne ST in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.
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