1014 Waterman St, Detroit, MI 48209
What's special
INVESTOR SPECIAL – HUGE VALUE-ADD OPPORTUNITY! This 2-unit multifamily duplex is priced to sell at $159,900 and ready for someone with vision to bring it back to life. Both units are in need of TLC and updating, making this an excellent opportunity for an investor looking to renovate, build equity, and maximize future rental or resale potential. Priced approximately 20–30% below updated multifamily properties in the area, there is plenty of room to add value through improvements. Renovate and hold for rental income, explore a house-hack opportunity, or reposition for resale. Bring your contractor, your creativity, and your vision — the potential is here! A great opportunity to breathe new life into this property and turn it into something special.
- 26 days
- 1,478
- 107
Likely to sell faster than
Travel times
Living Room
Kitchen
Primary Bedroom
Zillow last checked:
Listing updated:
Candace Kiminaia Sawa 248-965-0575,
ICON Realty Experts, LLC 248-985-9961
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Forced Air, Natural Gas
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 2,600 sqft
- Finished area above ground: 2,600
Property
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 4,791 Square Feet
- Dimensions: 30 x 157.5
Details
- Parcel number: W18I008110S
- Zoning description: MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex
Materials
- Brick
- Foundation: Basement, Poured
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: KAIERS SUB OF LTS 16 THRU 29
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $56/sqft
- Tax assessed value: $52,411
- Annual tax amount: $6,656
- Date on market: 9/17/2026
- Cumulative days on market: 26 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 10/12/2026 | Price change | $145,000-9.3%$56/sqft |
Source:  Realcomp II #20261074154 Report a problem | ||
| 9/17/2026 | Listed for sale | $159,900$62/sqft |
Source: Realcomp II #20261074154 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $49,500 +26.9% |
| 2024 | -- | $39,000 +30.9% |
| 2023 | -- | $29,800 +29.6% |
| 2022 | -- | $23,000 -5% |
| 2021 | -- | $24,200 |
| 2020 | $575 -43.9% | $24,200 +29.4% |
| 2019 | $1,026 | $18,700 +8.7% |
| 2018 | $1,026 | $17,200 +8.9% |
| 2017 | -- | $15,800 +95.1% |
| 2016 | $1,130 | $8,100 |
| 2015 | $1,130 +25.8% | $8,100 -9.8% |
| 2013 | $898 -20.5% | $8,982 -30.2% |
| 2010 | $1,130 | $12,869 -12% |
| 2009 | -- | $14,624 -10.5% |
| 2008 | -- | $16,340 |
| 2007 | -- | $16,340 +5.5% |
| 2005 | $107 | $15,488 +3% |
| 2004 | -- | $15,037 |
Monthly payment
Estimated market value
Not available
Estimated sales range
Not available
$1,313/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.