For Sale
309 Melbourne Street, Detroit, MI 48202
$249,000
MLS # 50200604 (MiRealSource)
Built 19150.11 acres
1 / 36
Listing Description
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.
Source: SparkMLS
About this home
3-bath home in Middle Woodward in Detroit built in 1915.
Asking $249,000.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms3
Lot Size0.11 acres
Year Built1915
Location
CityDetroit
MunicipalityDetroit City
Zip Code48202
CountyWayne
Construction & Systems
ConstructionBrick
HeatingForced Air
Sale & Financing
Listed3/2/2026
Original Price$275,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Matthew Jankowski
Lucido and Associates, Inc
Frequently Asked Questions about 309 Melbourne Street, Detroit, MI 48202
What type of financing is accepted for this listing?
Per MLS# 50200604, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
Is 309 Melbourne Street, Detroit, MI 48202 eligible for USDA financing?
Per USDA Rural Development boundary data, 309 Melbourne Street, Detroit, MI 48202 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, 309 Melbourne Street, Detroit, MI 48202 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. 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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Monthly payment$1,615
Principal & interest$1,615
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
309 Melbourne Street, Detroit, MI 48202
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Neighborhood
Middle Woodward
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Community
Detroit
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County
Wayne County
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