Sold
20543 Waltham Street, Detroit, MI 48205
Sold on 05/28/2026 for$50,000
MLS # 20261010724 (Realcomp)
3 beds1 bath890 sqftBuilt 19420.11 acres
1 / 48
Listing Description
GREAT INVESTMENT OPPORTUNITY. This 3-bedroom brick home offers excellent potential and is a solid addition to any investment portfolio. With strong bones and plenty of opportunity to add value, this property is ready for its next owner. This property is currently tenant occupied, providing immediate rental income. This is an Agency Tenant – Rent $1250/month, owner pays water, tenant pays gas & electric. It is being sold site unseen and will be contingent upon a private inspection. Don't miss out on this promising investment opportunity!
Source: SparkMLS
About this home
Located in Mt Olivet in Detroit, this property offers 3-bedroom, 1-bath, 890 sq ft, with original construction dating to 1942.
Closed at $50,000 (about $56/sq ft).
Property tax estimate: $1,393 per year ($116/month). 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. Broadband is available with download speeds up to 2,000 Mbps from 8 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area890 sqft
Lot Size0.11 acres
Year Built1942
Stories2
Location
CityDetroit
Zip Code48205
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionVinyl Siding
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed2/19/2026
Sold Date5/27/2026
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$1,155
Tax Year2025
State Equalized Value$21,700
Assessed Value$21,700
Parcel #21032767.
Source: Public Records
Legal Description
W WALTHAM S 27.5 FT 50 N 12.5 FT 49 AND E 9 FT OF VAC ALLEY ADJ CUMMISKEY PARK SUB L52 P36 PLATS, W C R 21/841 40 X 124
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Luis A Rodriguez
RE/MAX Leading Edge
Frequently Asked Questions about 20543 Waltham Street, Detroit, MI 48205
Which school district serves 20543 Waltham Street, Detroit, MI 48205?
Per MLS# 20261010724, 20543 Waltham Street, Detroit, MI 48205 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 20261010724, this listing accepts Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 20543 Waltham Street, Detroit, MI 48205?
Per public tax records, annual property taxes for this property are $1,262. 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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 20543 Waltham Street, Detroit, MI 48205 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.
Is 20543 Waltham Street, Detroit, MI 48205 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. 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.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 20543 Waltham Street, Detroit, MI 48205. The maximum advertised download speed is 2.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 20543 Waltham Street, Detroit, MI 48205?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Loading map...
Tax Estimate
$
Annual tax$1,393
Monthly$116
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
$
%
$
$
$
Monthly payment$440
Principal & interest$324
Property taxes$116
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
2 Gbps
Upload
250 Mbps
CableGSO SatelliteSatelliteLicensed Fixed WirelessDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
20543 Waltham Street, Detroit, MI 48205
View full property history →
Neighborhood
Mt Olivet
View all listings →
Community
Detroit
Explore neighborhoods →
County
Wayne County
View county overview →
Get email alerts for new listings near 20543 Waltham Street
We'll notify you when something hits the market in Mt Olivet or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.