Sold
5025 Somerset Avenue, Detroit, MI 48224
Sold on 08/04/2025 for$163,000
MLS # 20251003378 (Realcomp)
Built 19290.11 acres
1 / 33
Listing Description
Welcome to 5025 Somerset, a fully renovated, vacant duplex nestled in one of Detroit’s resurging neighborhoods. It's perfect for first-time buyers looking to house hack or investors seeking strong cash flow from day one.This property has been completely upgraded in 2024-2025, offering peace of mind with all major systems modernized:New roofNew PVC plumbing and updated electricalNew furnace and hot water tank (to be installed prior to appraisal)Brand-new appliances in both units (refrigerator, stove/oven, microwave)Each unit is move-in ready: Upper Unit – 1 bedroom, projected rent: $750/mo Lower Unit – 2 bedrooms, projected rent: $1,250/mo Estimated Total monthly income: $2,000With low estimated expenses—currently estimated property taxes are around $3,500 annually and a projected mortgage of around $1,600/mo—this property delivers an estimated CAP rate of 9.6% (based on projected net income), making it a prime buy-and-hold or house-hack opportunity.Additional highlights: Privacy fence for added security and outdoor enjoymentLocated minutes from Downtown Detroit, major freeways, and local shopping, Vacant and ready for immediate occupancy or lease-upWhether you’re an investor looking to expand your portfolio or a first-time homebuyer ready to build equity, Somerset checks all the boxes. Schedule your tour today and lock in your next income-producing asset.
Source: SparkMLS
About this home
Located in Finney in Detroit, this property offers 2-bath, with original construction dating to 1929.
This home sold for $163,000.
Property tax estimate: $2,035 per year ($170/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Fiber internet is available at this address with download speeds up to 1,200 Mbps across 8 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms2
Lot Size0.11 acres
Year Built1929
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick, Vinyl Siding
HeatingForced Air
WaterPublic
Sale & Financing
Listed5/30/2025
Sold Date8/3/2025
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,811
Tax Year2025
State Equalized Value$31,700
Assessed Value$31,700
Parcel #21067519.
Source: Public Records
Legal Description
W SOMERSET 1659 E DETROIT DEVELOPMENT COS SUB NO 3 L38 P32 PLATS, W C R 21/468 40 X 120
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Elijah Cook
KW Metro
Frequently Asked Questions about 5025 Somerset Avenue, Detroit, MI 48224
What school district is 5025 Somerset Avenue, Detroit, MI 48224 in?
Per MLS# 20251003378, 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# 20251003378, 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# 20251003378, the most recent reported annual property tax for 5025 Somerset Avenue, Detroit, MI 48224 is $3,567. 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 5025 Somerset Avenue, Detroit, MI 48224 eligible for USDA financing?
Per USDA Rural Development boundary data, 5025 Somerset Avenue, 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 5025 Somerset Avenue, Detroit, MI 48224 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 5025 Somerset Avenue, Detroit, MI 48224?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 1.2 Gbps. 8 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$2,035
Monthly$170
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$1,304
Principal & interest$1,134
Property taxes$170
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 SatelliteSatelliteDSL
8 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
5025 Somerset Avenue, 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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