Pending
403 Mt Vernon Street, Detroit, MI 48202
$350,000
MLS # 20251009087 (Realcomp)
Built 19150.24 acres
1 / 15
Listing Description
Turnkey 2-unit property located at 415 Mt Vernon in Detroit’s rapidly developing North End. Each unit features 2 bedrooms and 1 full bath, fully renovated with updated roof, windows, electrical, plumbing, furnace, water heater, and fresh exterior paint. The home sits on a fully fenced double lot, with 403 and 407 Mt Vernon included in the sale perfect for added outdoor space, parking, or future development. A new Back porch adds charm, and gated off-street parking is available. Long-term tenants in place generating steady income. Do not disturb tenants. Showings will be scheduled only after an accepted offer. Located near the Q-Line, Fisher Building, and just minutes from New Center, Midtown, and Downtown. Some of the photos are prior to leasing. BATVAI
Source: SparkMLS
About this home
This 2-bath home built in 1915 sits in Middle Woodward in Detroit.
Asking $350,000.
Fiber internet is available at this address with download speeds up to 1,200 Mbps across 9 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Tour
Listing Property Details
Property TypeMulti Family
Bathrooms2
Lot Size0.24 acres
Year Built1915
Location
CityDetroit
Zip Code48202
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionWood Siding
HeatingForced Air
WaterPublic
Sale & Financing
Listed6/16/2025
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$40
Tax Year2025
State Equalized Value$400
Assessed Value$400
Parcel #01002413.
Source: Public Records
Legal Description
PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2021. N MT VERNON 112KOCHS SUB L8 P14 PLATS, WCR 1/108 33.3 X 110
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Alan Davidov
TAP CRE
Frequently Asked Questions about 403 Mt Vernon Street, Detroit, MI 48202
What school district is 403 Mt Vernon Street, Detroit, MI 48202 in?
Per MLS# 20251009087, 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# 20251009087, 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# 20251009087, the most recent reported annual property tax for 403 Mt Vernon Street, Detroit, MI 48202 is $34. 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 403 Mt Vernon Street, Detroit, MI 48202 eligible for USDA financing?
Per USDA Rural Development boundary data, 403 Mt Vernon 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, 403 Mt Vernon 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.
Is fiber internet available at 403 Mt Vernon Street, Detroit, MI 48202?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 1.2 Gbps. 9 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.
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Tax Estimate
$
Annual tax$26
Monthly$2
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$2,272
Principal & interest$2,270
Property taxes$2
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
1.2 Gbps
Upload
1 Gbps
CableFiberLicensed Fixed WirelessGSO SatelliteDSLSatellite
9 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
403 Mt Vernon 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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