For Sale
10620 Somerset Avenue, Detroit, MI 48224
$74,900
MLS # 20261016945 (Realcomp)
Built 19380.11 acres
1 / 1
Listing Description
Investors! Don't miss your opportunity for cash flow with this well maintained multifamily colonial located on Detroits west side. Well maintained multifamily property located on Detroit’s desirable west side, offering a strong income-producing opportunity for investors or owner occupants. This property features two separate units with a total of three bedrooms, including one spacious 2-bedroom unit and one comfortable 1-bedroom unit.Both units have been well cared for and maintained, making this a turnkey investment with solid rental potential. The layout provides flexibility for live in ownership while collecting rental income, or for investors seeking a fully leased income property.With Detroit’s continued rental demand, this property offers a great return on investment (ROI) and strong long-term growth potential. Conveniently located near major roads, shopping, schools, and local amenities, this is an excellent opportunity to own a well maintained multifamily property in a high demand rental area.Schedule your showing today and take advantage of this great investment!
Source: SparkMLS
About this home
This 2-bath home built in 1938 sits in Denby in Detroit.
Currently offered at $74,900.
Estimated annual property tax: $1,720, or about $143 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms2
Lot Size0.11 acres
Year Built1938
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
Sale & Financing
Listed3/15/2026
Original Price$79,900
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,680
Tax Year2025
State Equalized Value$26,800
Assessed Value$26,800
Parcel #21067260.
Source: Public Records
Legal Description
E SOMERSET 139 JACOB YOUNGS HOUSTON AVE SUB L46 P95 PLATS, W C R 21/837 35 X 141.60
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Richard Williams
Berkshire Hathaway HomeServices The Loft Warehouse
Frequently Asked Questions about 10620 Somerset Avenue, Detroit, MI 48224
What school district is 10620 Somerset Avenue, Detroit, MI 48224 in?
Per MLS# 20261016945, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 10620 Somerset Avenue, Detroit, MI 48224?
Per MLS# 20261016945, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261016945, the most recent reported annual property tax for 10620 Somerset Avenue, Detroit, MI 48224 is $130. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 10620 Somerset Avenue, Detroit, MI 48224 eligible for USDA financing?
Per USDA Rural Development boundary data, 10620 Somerset Avenue, Detroit, MI 48224 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 10620 Somerset Avenue, Detroit, MI 48224 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Tax Estimate
$
Annual tax$1,720
Monthly$143
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$629
Principal & interest$486
Property taxes$143
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
10620 Somerset Avenue, Detroit, MI 48224
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Neighborhood
Denby
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Community
Detroit
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County
Wayne County
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