Pending
3825 Waverly Street, Detroit, MI 48238
$159,900
MLS # 26021221 (Michigan Regional Information Center (MichRIC))
2 unitsBuilt 19290.08 acres
1 / 44
Listing Description
Step into a prime Detroit investment, a handsome multi-family home in the heart of Russell Woods. Inside the 2,656 sq ft footprint, you'll discover six well-sized bedrooms and three full bathrooms spread across multiple units. Built in 1929, this brick property retains classic presence while enjoying thoughtful updates. Each unit is accessed separately (buyer to verify), offering flexibility for tenants or an owner-occupant scenario. The deep backyard, generous lot, and flexible parking options provide outdoor potential or future expansion space. Located right across from a park and just 200 feet from a major bus line, convenience is built in. Whether you're seeking consistent cash flow or scaling your multi-family portfolio, this property balances strong bones, modern touches, and location upside. Schedule a showing today!
Source: SparkMLS
About this home
Asking $159,900.
Annual property taxes run approximately $2,831 ($236/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.
Listing Property Details
Property TypeMulti Family
Property Subtype2 to 4 Units
Bathrooms0
Lot Size0.08 acres
Year Built1929
Location
CityDetroit
MunicipalityWayne City
Zip Code48238
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementOther
HeatingForced Air
SewerPublic Sewer
UtilitiesElectricity Available, Electricity Connected
Sale & Financing
Listed5/9/2026
Terms AcceptedFHA, Cash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$4,410
Tax Year2025
State Equalized Value$44,100
Assessed Value$44,100
Parcel #14005356.
Source: Public Records
Legal Description
S WAVERLY 170 SULLIVANS DEXTER BLVD SUB NO 1 L55 P53 PLATS, W C R 14/211 35 X 101
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLHistoric District: Russell Woods-Sullivan Historic District
Exterior changes may require Historic District Commission (HDC) approval
Source: Detroit Historic District CommissionUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Laron Rodgers
Rodgers Real Estate
Frequently Asked Questions about 3825 Waverly Street, Detroit, MI 48238
What school district is 3825 Waverly Street, Detroit, MI 48238 in?
Per MLS# 26021221, 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 3825 Waverly Street, Detroit, MI 48238?
Per MLS# 26021221, the seller has indicated this property accepts the following financing types: FHA, Cash, Conventional. 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# 26021221, the most recent reported annual property tax for 3825 Waverly Street, Detroit, MI 48238 is $5,834 (2025). 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 3825 Waverly Street, Detroit, MI 48238 eligible for USDA financing?
Per USDA Rural Development boundary data, 3825 Waverly Street, Detroit, MI 48238 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, 3825 Waverly Street, Detroit, MI 48238 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 this property in a historic district?
Per local historic district records, 3825 Waverly Street, Detroit, MI 48238 is located within the Russell Woods-Sullivan Historic District. Properties in locally-designated historic districts may require Historic District Commission (HDC) approval for exterior modifications. Contact the local HDC for current guidelines.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public Sewer. 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$2,831
Monthly$236
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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%
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Monthly payment$1,273
Principal & interest$1,037
Property taxes$236
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
3825 Waverly Street, Detroit, MI 48238
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Neighborhood
Winterhalter
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Community
Detroit
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County
Wayne County
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