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Sold for $55,000
  • $55,000

    16174 Lawton St, Detroit, MI 48221

    5beds
    2,600sqft
    Multi Family
    Built in 1928
    -- sqft lot
    $245,000 Zestimate®
    $21/sqft
    $1,015 Estimated rent

    Home value

    $245,000

    $196,000 - $296,000

    $1,015/mo

    Zestimate® history
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    What's special

    Welcome to an amazing investment opportunity – a three-unit home (triplex) with so much potential. With the location of this home, this property offers a chance to create a short- term rental, a long- term leasing option, student housing, or even an owner-occupied with rental income. While a complete rehab is needed, the foundation of this triplex is filled with potential and offers a clean slate for your rehab vision. This triplex has three units, each offering unique possibilities. The unit located on the first level is a spacious 3-bedroom 1 bath unit. Upstairs there are 2 1-bedroom 1 bath units. This configuration makes for a broad rental appeal, catering to various tenant needs. Hardwood floors, large windows, a sizeable lot, and the overall square footage of each unit makes this home an easy choice for your next investment project.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tracy A Petersen 586-797-0999,

    Elite Realty

    Bought with:

    Marc P Johnson, 6502359310

    Johnson Realty Group, LLC

    Source: Realcomp II,MLS#: 20240037496MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 6
    • Full bathrooms: 3
    • 1/2 bathrooms: 3
    Heating
    • Hot Water, Natural Gas
    Appliances
    • Laundry: None
    Features
    • Basement: Interior Entry,Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,600 sqft
    • Finished area above ground: 2,600

    Property

    Parking
    • Total spaces: 2
    • Parking features: On Street
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered, Porch
    • Pool features: None
    Lot
    • Size: 3,920 sqft
    • Dimensions: 33.00 x 117.00
    Details
    • Parcel number: W12I006196S
    • Zoning description: MultiFamily, Residential
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Triplex,Tudor
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Brick Mortar, Michigan Basement
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1928

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Detroit
    • Subdivision: SCHLENKER BULL & COS PURITAN LAWTON SUB (PLATS)

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash

    Price history

    DateEventPrice
    6/18/2024Sold$55,000-15.4%$21/sqft
    Source: Realcomp II #20240037496 Report a problem
    6/7/2024Pending sale$65,000$25/sqft
    Source: Realcomp II #20240037496 Report a problem
    5/31/2024Listed for sale$65,000+170.8%$25/sqft
    Source: Realcomp II #20240037496 Report a problem
    10/6/2014Listing removed$24,000$9/sqft
    Source: Garner Prop & Management LLC #213116368 Report a problem
    8/13/2014Price change$24,000-15.8%$9/sqft
    Source: Garner Prop & Management LLC #213116368 Report a problem
    6/29/2014Price change$28,500-5%$11/sqft
    Source: Garner Prop & Management LLC #213116368 Report a problem
    11/14/2013Listing removed$375
    Source: Garner Properties & Management Report a problem
    11/14/2013Listed for sale$30,000+233.3%$12/sqft
    Source: GARNER PROP & MANAGEMENT LLC #213116368 Report a problem
    8/16/2013Listed for rent$375+5.6%
    Source: Garner Properties & Management Report a problem
    4/11/2013Listing removed$355
    Source: Garner Properties & Management Report a problem
    4/10/2013Listed for rent$355
    Source: Garner Properties & Management Report a problem
    9/7/2012Listing removed$355
    Source: Garner Properties & Management Report a problem
    9/2/2012Price change$355-45.4%
    Source: Garner Properties & Management Report a problem
    5/16/2012Listed for rent$650
    Source: GARNER PROP & MANAGEMENT LLC #212045529 Report a problem
    4/16/2010Sold$9,000-30.2%$3/sqft
    Source: Public Record Report a problem
    12/25/2009Listed for sale$12,900-19.4%$5/sqft
    Source: REAL ESTATE ONE-DBN HTS/DBN #29159888 Report a problem
    1/13/2009Sold$16,000-87.7%$6/sqft
    Source: Public Record Report a problem
    12/15/2006Sold$130,000$50/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $50,500 +27.5%
    2024-- $39,600 +21.8%
    2023-- $32,500 +30.5%
    2022-- $24,900 +16.9%
    2021-- $21,300
    2020$704 -47%$21,300 +38.3%
    2019$1,329 $15,400 +16.7%
    2018$1,329 $13,200
    2017-- $13,200 -50%
    2016$2,232 $26,400 +103.1%
    2015$2,232 +6.8%$13,000 -37.8%
    2013$2,089 -6.4%$20,892 -28%
    2010$2,232 $28,998 -18%
    2009-- $35,364 -14%
    2008-- $41,121
    2007-- $41,121 +5.5%
    2005$202 $38,977 +3%
    2004-- $37,842

    Find assessor info on the county website

    Neighborhood: Martin Park

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $245,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $245,000