Pending
4317 Waverly Street, Detroit, MI 48238
$75,000
MLS # 50211561 (MiRealSource)
Built 19260.08 acres
1 / 5
Listing Description
Excellent investment opportunity in Detroit’s desirable Russell Woods neighborhood! This solid brick two-family home offers incredible potential for investors or owner-occupants looking to build equity. Conveniently located near shopping, parks, schools, public transportation, and everyday amenities. Property is being sold as-is and does require some TLC, making it the perfect chance to renovate, customize, and add value. Whether you're looking to expand your investment portfolio or create your dream home while generating rental income, this property is full of possibilities.
Source: SparkMLS
About this home
2-bath home in Winterhalter in Detroit built in 1926.
Listed at $75,000.
Property tax estimate: $2,619 per year ($218/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
Bathrooms2
Lot Size0.08 acres
Year Built1926
Location
CityDetroit
MunicipalityDetroit City
Zip Code48238
CountyWayne
Construction & Systems
HeatingForced Air
Sale & Financing
Listed6/13/2026
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$1,229
Tax Year2025
State Equalized Value$40,800
Assessed Value$40,800
Parcel #14005389.
Source: Public Records
Legal Description
S WAVERLY 67 RUSSELL WOODS SUB L34 P3 PLATS, W C R 14/195 35 X 100
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 Anthony R Raffin
RE/MAX First
Frequently Asked Questions about 4317 Waverly Street, Detroit, MI 48238
What financing options are available for 4317 Waverly Street, Detroit, MI 48238?
Per MLS# 50211561, this listing accepts Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 4317 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.
Is 4317 Waverly Street, Detroit, MI 48238 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.
Is 4317 Waverly Street, Detroit, MI 48238 in a historic district?
Per municipal ordinance records, this property is within the Russell Woods-Sullivan Historic District. Exterior changes to properties in locally-designated historic districts typically require approval from the Historic District Commission. Verify current requirements with the local HDC.
What utilities serve 4317 Waverly Street, Detroit, MI 48238?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. 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.
Map
Tax Estimate
$
Annual tax$2,619
Monthly$218
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$705
Principal & interest$486
Property taxes$218
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
4317 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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