For Sale
6903 Penrod Street, Detroit, MI 48228
$185,000
MLS # 26036883 (Michigan Regional Information Center (MichRIC))
2 unitsBuilt 19290.13 acres
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Listing Description
This multi-unit investment property in Detroit spans 5,227 square feet of lot space, offering potential for residential income generation. The property is configured as a 2 to 4 unit structure, making it an attractive opportunity for investors seeking diversified revenue streams. Located in Detroit, MI, this property presents a practical foundation for those looking to build or expand their real estate portfolio. Consider the possibilities this multi-unit dwelling presents for your investment goals.
Source: SparkMLS
About this home
This 2-bath home built in 1929 sits in Rouge in Detroit.
Currently offered at $185,000.
Property tax estimate: $3,062 per year ($255/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
Property Subtype2 to 4 Units
Bathrooms2
Lot Size0.13 acres
Year Built1929
Location
CityDetroit
MunicipalityDetroit City
Zip Code48228
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementFull
HeatingForced Air
UtilitiesNatural Gas Connected, Electricity Connected, Cable Connected
Sale & Financing
Listed7/17/2026
Terms AcceptedVA Loan, FHA, Cash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$757
Tax Year2025
State Equalized Value$47,700
Assessed Value$47,700
Parcel #22078217.
Source: Public Records
Legal Description
W PENROD 215 AND E 9' VAC ALLEY ADJ FRISCHKORNS WARREN AVE PARK SUB L39 P89 PLATS, W C R 22/270 40 X 137
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Randall Wolber
Simple Fee Listings
Frequently Asked Questions about 6903 Penrod Street, Detroit, MI 48228
Which school district serves 6903 Penrod Street, Detroit, MI 48228?
Per MLS# 26036883, 6903 Penrod Street, Detroit, MI 48228 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.
Can I use FHA or VA financing for this property?
Per MLS# 26036883, this listing accepts VA Loan, FHA, Cash, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 6903 Penrod Street, Detroit, MI 48228?
Per public tax records, annual property taxes for this property are $1,008 (2025). 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, 6903 Penrod Street, Detroit, MI 48228 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 6903 Penrod Street, Detroit, MI 48228 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 6903 Penrod Street, Detroit, MI 48228?
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$3,062
Monthly$255
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$1,455
Principal & interest$1,200
Property taxes$255
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
6903 Penrod Street, Detroit, MI 48228
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Neighborhood
Rouge
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Community
Detroit
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County
Wayne County
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