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Sold for $235,000
  • $235,000

    2928 Richton St, Detroit, MI 48206

    12beds
    4,960sqft
    Multi Family
    Built in 1924
    -- sqft lot
    $235,300 Zestimate®
    $47/sqft
    $1,108 Estimated rent

    Home value

    $235,300

    $219,000 - $252,000

    $1,108/mo

    Zestimate® history
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    $1,765/mo

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    What's special

    Unlock incredible income potential with this solid 4-unit multi-family building, each unit featuring three spacious bedrooms—a rare configuration that commands strong rents in the Detroit market. Located on historic Richton Street in the revitalizing Dexter-Linwood district, this property is ideal for investors seeking dependable cash flow and long-term appreciation. This well-maintained brick building offers major value, including: • Four (4) 3-bedroom units • Separate gas and electric meters—tenants pay their own utilities • Four (4) NEW furnaces—one for each unit, reducing future maintenance costs • Large living and dining rooms in each unit • Spacious kitchens with great layout potential • Shared basement with ample storage • Classic Detroit architectural character With high rental demand for 3-bedroom units in this area, investors can position this building for excellent monthly income. The separate utilities and new mechanicals make this an efficient, low-maintenance addition to any portfolio. Conveniently located near major corridors, public transit, schools, and ongoing neighborhood redevelopment, this property is well-situated for both stability and growth. Don’t miss out—schedule a tour today and discover the full potential of 2928 Richton Street!

    Zillow last checked:

    Listing updated:

    Listed by:

    Erick Howard 248-963-7048,

    Amin Realty

    Bought with:

    Marqui Anderson, 6501453193

    EXP Realty Main

    Source: Realcomp II,MLS#: 20261053137MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 1
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Heating
    • Forced Air, Natural Gas
    Features
    • Windows: Energy Star Qualified Windows
    • Basement: Full,Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 4,960 sqft
    • Finished area above ground: 4,960

    Property

    Parking
    • Parking features: On Street, Other, Shared Driveway
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered, Porch
    • Exterior features: Balcony
    • Pool features: None
    Lot
    • Size: 6,098 Square Feet
    • Dimensions: 52.5 x 120.5
    Details
    • Parcel number: W12I003799S
    • Zoning description: MultiFamily
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Quadruplex
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Basement, Block
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1924

    Utilities & green energy

    • Sewer: Public Sewer, Sewer At Street
    • Water: Public
    • Utilities for property: Cable Available, Underground Utilities

    Community & HOA

    Community
    • Subdivision: LINWOOD HEIGHTS
    Location
    • Region: Detroit

    Financial & listing details

    • Price per square foot: $47/sqft
    • Tax assessed value: $15,483
    • Annual tax amount: $1,563
    • Date on market: 7/12/2026
    • Cumulative days on market: 49 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conv Blend Rt,Conventional,FHA,FHA 203K,Va Loan
    • Exclusions: Exclusion(s) Do Not Exist

    Price history

    DateEventPrice
    9/4/2026Sold$235,000-6%$47/sqft
    Source: Realcomp II #20261053137 Report a problem
    8/29/2026Pending sale$249,900$50/sqft
    Source: Realcomp II #20261053137 Report a problem
    7/12/2026Listed for sale$249,900-12.3%$50/sqft
    Source: Realcomp II #20261053137 Report a problem
    3/12/2026Listing removed$285,000$57/sqft
    Source: Realcomp II #20251055033 Report a problem
    11/21/2025Listed for sale$285,000$57/sqft
    Source: Realcomp II #20251055033 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $54,900 +25.3%
    2024-- $43,800 +24.4%
    2023-- $35,200 +23.5%
    2022-- $28,500 +8%
    2021-- $26,400
    2020$757 -46.6%$26,400 +5.6%
    2019$1,418 $25,000 +2.9%
    2018$1,418 $24,300 -2.4%
    2017-- $24,900 -57.3%
    2016$1,316 $58,300 +359.1%
    2015$1,316 -0.4%$12,700 -28%
    2013$1,321 +0.4%$17,650 -30.2%
    2010$1,316 $25,289 -12%
    2009-- $28,738 -10.5%
    2008-- $32,109
    2007-- $32,109 +5.5%
    2005$132 $30,435 +3%
    2004-- $29,549 +199%
    2001$823 +10.1%$9,883 +3.2%
    2000$747 $9,576
    Find assessor info on the county website

    Neighborhood: Dexter-Linwood

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $235,300
    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
    $235,300