For Sale
593 Owen Street, Detroit, MI 48202
$199,990
MLS # 20261020052 (Realcomp)
Built 19120.1 acres
1 / 9
Listing Description
Great investment opportunity! This well-maintained 2-unit property features two spacious 2-bedroom units. The first-floor unit is tenant-occupied, providing immediate passive income, while the second-floor unit is vacant—perfect for owner-occupancy or additional rental income. Each unit offers functional layouts with generous living space. Ideal for investors or owner-occupants looking to build equity and cash flow. Don’t miss this income-producing property!
Source: SparkMLS
About this home
This 3-bath home built in 1912 sits in Middle Woodward in Detroit.
Currently offered at $199,990.
Annual property taxes run approximately $3,780 ($315/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
Bathrooms3
Lot Size0.1 acres
Year Built1912
Location
CityDetroit
Zip Code48202
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionAluminum Siding
HeatingForced Air
WaterPublic
Sale & Financing
Listed4/18/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$4,452
Tax Year2025
State Equalized Value$58,900
Assessed Value$58,900
Parcel #03002519.
Source: Public Records
Legal Description
N OWEN 10 SUB 1/4 SEC 44 L16 P13 PLATS, W C R 3/107 40 X 110
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Sayful Alam
NextDoor Realty Group
Frequently Asked Questions about 593 Owen Street, Detroit, MI 48202
What school district is 593 Owen Street, Detroit, MI 48202 in?
Per MLS# 20261020052, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 20261020052, 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# 20261020052, the most recent reported annual property tax for 593 Owen Street, Detroit, MI 48202 is $4,018. 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 593 Owen Street, Detroit, MI 48202 eligible for USDA financing?
Per USDA Rural Development boundary data, 593 Owen 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, 593 Owen 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.
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$3,780
Monthly$315
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$1,612
Principal & interest$1,297
Property taxes$315
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
593 Owen 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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