Prime multifamily investment opportunity located in Detroit’s historic and rapidly stabilizing Dexter Linwood neighborhood, an area rich in cultural history, architectural character, and now experiencing a meaningful wave of reinvestment. This classic brick multifamily property offers spacious units, strong rental demand, and significant upside as surrounding development continues to gain momentum. Known for its early 20th century duplexes and apartment buildings, Dexter Linwood has long been a hub of Detroit’s residential density and community life. Today, that legacy housing stock is being revitalized through both public initiatives and private investment, making it an increasingly attractive target for investors seeking value and appreciation. A transformative investment is bringing new retail pop-ups, facade improvements, public art, and a redesigned streetscape to nearby Dexter Avenue, enhancing walkability and economic activity. Property is 1 of 11 in a portfolio being sold all within the Downtown Area. Buy 1 or as many as you would like. MLS#s for the other 10 properties: 20261015005, 20261015035, 20261015052, 20261015057, 20261015576, 20261015577, 20261015578, 20261015583, 20261015586, 20261015683
For sale
Price cut: $25K (7/30)
$150,000
2951 Leslie St, Detroit, MI 48238
6beds
2,800sqft
Multi Family
Built in 1926
-- sqft lot
$173,700 Zestimate®
$54/sqft
$-- HOA
What's special
Redesigned streetscapeClassic brick multifamily propertySpacious unitsFacade improvements
- 170 days
- 233
- 20
Zillow last checked:
Listing updated:
Listed by:
Michael Gerisch 734-459-4700,
KW Professionals 734-459-4700
Source: Realcomp II,MLS#: 20261015574
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Ceiling Fans, Window Units
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 2,800 sqft
- Finished area above ground: 2,800
Property
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Porch
- Pool features: None
- Fencing: Fenced
Lot
- Size: 4,356 Square Feet
- Dimensions: 35 x 121.56
Details
- Parcel number: W12I004071S
- Zoning description: Residential
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement, Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1926
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: OAKMANS ROBT CHERRY LANE
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $54/sqft
- Tax assessed value: $39,074
- Annual tax amount: $2,883
- Date on market: 3/17/2026
- Cumulative days on market: 303 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,Va Loan
Estimated market value
$173,700
$165,000 - $182,000
$1,062/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/30/2026 | Price change | $150,000-14.3%$54/sqft |
Source:  Realcomp II #20261015574 Report a problem | ||
| 5/21/2026 | Price change | $175,000-12.5%$63/sqft |
Source: Realcomp II #20261024019 Report a problem | ||
| 3/17/2026 | Listed for sale | $200,000+0.1%$71/sqft |
Source: Realcomp II #20261015574 Report a problem | ||
| 2/16/2026 | Listing removed | $199,900$71/sqft |
Source: Realcomp II #20251043019 Report a problem | ||
| 10/6/2025 | Listed for sale | $199,900+5.2%$71/sqft |
Source: Realcomp II #20251043019 Report a problem | ||
| 4/9/2025 | Listing removed | $1,350 |
Source: Zillow Rentals Report a problem | ||
| 1/23/2025 | Listed for rent | $1,350-2.5% |
Source: Zillow Rentals Report a problem | ||
| 1/22/2025 | Listing removed | $1,385 |
Source: Zillow Rentals Report a problem | ||
| 11/18/2024 | Listed for rent | $1,385-13.4% |
Source: Zillow Rentals Report a problem | ||
| 11/15/2024 | Listing removed | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/14/2024 | Listed for rent | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/30/2024 | Sold | $190,000+393.5%$68/sqft |
Source: Public Record Report a problem | ||
| 7/3/2023 | Sold | $38,500+43.1%$14/sqft |
Source: Public Record Report a problem | ||
| 7/1/2014 | Listing removed | $26,900$10/sqft |
Source: Empire Realty Group Inc. #214022995 Report a problem | ||
| 5/8/2014 | Price change | $26,900-22.9%$10/sqft |
Source: Empire Realty Group Inc. #214022995 Report a problem | ||
| 4/1/2014 | Price change | $34,900-2.8%$12/sqft |
Source: Empire Realty Group Inc. #214022995 Report a problem | ||
| 3/20/2014 | Listed for sale | $35,900$13/sqft |
Source: Empire Realty Group Inc. #214022995 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $37,900 +25.1% |
| 2024 | -- | $30,300 +22.2% |
| 2023 | -- | $24,800 +23.4% |
| 2022 | -- | $20,100 +8.1% |
| 2021 | -- | $18,600 |
| 2020 | $2,206 +53.2% | $18,600 +5.7% |
| 2019 | $1,440 | $17,600 +6.7% |
| 2018 | $1,440 | $16,500 -2.4% |
| 2017 | -- | $16,900 -57.1% |
| 2016 | $1,301 | $39,400 +171.7% |
| 2015 | $1,301 -11.6% | $14,500 -28.1% |
| 2013 | $1,471 +13.1% | $20,157 -30.2% |
| 2010 | $1,301 | $28,882 -12% |
| 2009 | -- | $32,821 -10.5% |
| 2008 | -- | $36,671 |
| 2007 | -- | $36,671 +5.5% |
| 2005 | $147 | $34,759 +3% |
| 2004 | -- | $33,747 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Dexter-Linwood
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