For Sale
3550 Montclair Street, Detroit, MI 48214
$599,900
MLS # 20251033366 (Realcomp)
Built 19250.23 acres
1 / 74
Listing Description
**INVESTORS** This is your opportunity to add an updated 16 unit brick apartment building to your portfolio! The property has 7 of the 16 units occupied! The property was significantly updated in 2022, with updates including all-new windows, a new roof, 2 new boilers and HWTs, some updated electrical and plumbing, 5 of the 16 units were completely remodeled w/ updated kitchens and bathrooms, and the remaining 11 have had rental turnovers completed! Best of all, this is both a turn-key and value add property, as the front half of the basement has space to add 4 units and has been gutted in preparation for the new owner to begin the work. Each unit's electricity and cooking gas are metered separately while the owner pays for heating, common area electric, and water. The property is also located a few blocks away from Chrysler/Stellantis's new auto manufacturing plant which is expected to have a positive economic impact on the surrounding areas. Transfers will be subject to reporting when buyers use entities or trusts to take title to residential real estate, when the transaction is all-cash, privately financed, or HELOC.
Source: SparkMLS
About this home
Located in Foch in Detroit, this property offers 16-bath, with original construction dating to 1925.
Currently offered at $599,900.
Property tax estimate: $12,015 per year ($1,001/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Broadband is available with download speeds up to 1,200 Mbps from 7 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms16
Lot Size0.23 acres
Year Built1925
Location
CityDetroit
Zip Code48214
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingRadiant, Steam
WaterPublic
Sale & Financing
Listed9/4/2025
Original Price$749,900
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$10,660
Tax Year2025
State Equalized Value$187,200
Assessed Value$187,200
Parcel #21040671.
Source: Public Records
Legal Description
E MONTCLAIR N 13.5 FT 441 440 S 15 FT 439 HENDRIES SUB L25 P38 PLATS, W C R 21/528 58.5 X 172.83A
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Ryan E Kain
RE/MAX Leading Edge
Frequently Asked Questions about 3550 Montclair Street, Detroit, MI 48214
What school district is 3550 Montclair Street, Detroit, MI 48214 in?
Per MLS# 20251033366, 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# 20251033366, 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# 20251033366, the most recent reported annual property tax for 3550 Montclair Street, Detroit, MI 48214 is $18,135. 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 3550 Montclair Street, Detroit, MI 48214 eligible for USDA financing?
Per USDA Rural Development boundary data, 3550 Montclair Street, Detroit, MI 48214 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, 3550 Montclair Street, Detroit, MI 48214 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.
Is fiber internet available at 3550 Montclair Street, Detroit, MI 48214?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 3550 Montclair Street, Detroit, MI 48214. The maximum advertised download speed is 1.2 Gbps. 7 internet providers serve this address. Confirm availability and speeds directly with providers.
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.
Map
Tax Estimate
$
Annual tax$12,015
Monthly$1,001
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$4,892
Principal & interest$3,891
Property taxes$1,001
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1.2 Gbps
Upload
35 Mbps
CableGSO SatelliteLicensed Fixed WirelessSatelliteDSL
7 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
3550 Montclair Street, Detroit, MI 48214
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Neighborhood
Foch
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Community
Detroit
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County
Wayne County
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