For Sale
4830 GRAYTON, Detroit, MI 48224
$319,900
MLS # 20261016824 (Realcomp)
Built 19310.16 acres
1 / 5
Listing Description
LARGE FIVE UNIT MULTI-FAMILY INVESTMENT PROPERTY! LOCATED IN DESIRABLE EAST ENGLISH VILLAGE, SOUTH OF E. WARREN AND WEST OF CADIUEX. UPDATES INCLUDE A NEW BOILER IN 2023, AND SELLER HAS DONE SOME RENOVATIONS THROUGH OUT THE BUILDING. THIS PROPERTY FEATURES FIVE 1 BEDROOM UNITS. EACH UNIT HAS ONE BEDROOM, BATHROOM, HARDWOOD FLOORS, FRIDGE AND STOVES INCLUDED. COIN OPERATED WASHER AND DRYER IN THE LAUNDRY FACILITY IN THE BASEMENT. ALL FIVE UNITS ARE CURRENTLY TENANTED. RENTS FOR EACH UNIT ARE AS FOLLOWS- APT 1S- 700- TENANT IS MONTH TO MONTHAPT 1N- 700- TENANT IS MONTH TO MONTHAPT 2N- 725- TENANT IN A LEASE UNTIL 5/29/26 APT 2S- 925 SECTION 8 TENANT IN A LEASE UNTIL 1/31/27APT B AT 600 - TENANT IS IN A LEASE UNTIL 12/31/26. TENANTS PAY ELECTRIC AND COOKING GAS FOR EACH UNIT. OWNER IS RESPONSIBLE FOR GAS FOR HEAT, WATER, SEWER, SNOW REMOVAL AND LAWN MAINTENANCE. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY A 295 PROCESSING FEE AT CLOSING.
Source: SparkMLS
About this home
Located in Finney in Detroit, this property offers 5-bath, with original construction dating to 1931.
Asking $319,900.
Estimated annual property tax: $15,513, or about $1,293 monthly. 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
Bathrooms5
Lot Size0.16 acres
Year Built1931
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingHot Water, Radiant
WaterPublic
Sale & Financing
Listed3/15/2026
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$9,134
Tax Year2025
State Equalized Value$241,700
Assessed Value$241,700
Parcel #21073969.
Source: Public Records
Legal Description
E GRAYTON N 2 FT 9 ALL OF 8 AND W 9 FT VAC ALLEY ADJ ARTHUR J SCULLYS VOGT FARM SUB L50 P94 PLATS, W C R 21/760 41 X 168.49A
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Mark Hutter
Detroit Investment Company
Frequently Asked Questions about 4830 GRAYTON, Detroit, MI 48224
Which school district serves 4830 GRAYTON, Detroit, MI 48224?
Per MLS# 20261016824, 4830 GRAYTON, Detroit, MI 48224 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
What financing options are available for 4830 GRAYTON, Detroit, MI 48224?
Per MLS# 20261016824, this listing accepts Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 4830 GRAYTON, Detroit, MI 48224?
Per public tax records, annual property taxes for this property are $7,979. 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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 4830 GRAYTON, Detroit, MI 48224 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 4830 GRAYTON, Detroit, MI 48224 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.
What utilities serve 4830 GRAYTON, Detroit, MI 48224?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. 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.
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Tax Estimate
$
Annual tax$15,513
Monthly$1,293
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$3,368
Principal & interest$2,075
Property taxes$1,293
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
4830 GRAYTON, Detroit, MI 48224
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Neighborhood
Finney
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Community
Detroit
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County
Wayne County
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