For Sale
12604 E Outer Drive, Detroit, MI 48224
$290,000
MLS # 20261030465 (Realcomp)
Built 19310.15 acres
1 / 17
Listing Description
Spacious brick duplex in a solid B-grade investment area with strong upside. This large property was converted into two units and appraised at $360K in 2024, with updates already completed. One unit is currently occupied, providing immediate income, while the second unit offers opportunity for owner-occupancy (house hack) or additional rental revenue. Classic brick construction, generous size, and value-add potential make this a standout opportunity for investors or savvy buyers.
Source: SparkMLS
About this home
This 4-bath home built in 1931 sits in Finney in Detroit.
Asking $290,000.
Estimated annual property tax: $6,836, or about $570 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
Bathrooms4
Lot Size0.15 acres
Year Built1931
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
Sale & Financing
Listed5/3/2026
Original Price$300,000
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$7,277
Tax Year2025
State Equalized Value$106,500
Assessed Value$106,500
Homestead (PRE)50%
Parcel #21081184.
Source: Public Records
Legal Description
W OUTER DR E 327 A M CAMPAUS THREE MI DR ADD SUB L46 P78 PLATS, W C R 21/698 55 X 121.38
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Joseph Hammel
Keller Williams Somerset
Frequently Asked Questions about 12604 E Outer Drive, Detroit, MI 48224
What school district is 12604 E Outer Drive, Detroit, MI 48224 in?
Per MLS# 20261030465, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20261030465, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA, VA Loan. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261030465, the most recent reported annual property tax for 12604 E Outer Drive, Detroit, MI 48224 is $9,447. 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 12604 E Outer Drive, Detroit, MI 48224 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 12604 E Outer Drive, 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$6,836
Monthly$570
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$2,451
Principal & interest$1,881
Property taxes$570
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
12604 E Outer Drive, Detroit, MI 48224
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Neighborhood
Finney
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Community
Detroit
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County
Wayne County
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