Turnkey three-unit multi family investment opportunity in Detroit. Two of the three units are currently tenant-occupied while the third floor lease recently lapsed March 1st. Property features newer finishes throughout, minimizing up front capital expenditures. Ideally located just minutes from Woodward Avenue, Wayne State University and Little Caesars Arena, with convenient access to downtown amenities, dining and entertainment. Strong rental demand area makes this a sold cash-flow addition to any investors portfolio with long-term upside.
Sold for $230,000
Zestimate®
$230,000
309 Melbourne St, Detroit, MI 48202
4beds
1,884sqft
Multi Family
Built in 1915
-- sqft lot
$230,000 Zestimate®
$122/sqft
$1,220 Estimated rent
Home value
$230,000
$216,000 - $246,000
$1,220/mo
Zestimate® history
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Newer finishes throughout
Zillow last checked:
Listing updated:
Listed by:
Matthew Jankowski 313-995-3587,
Lucido and Associates, Inc,
Alex M. Lucido 313-268-2000,
Lucido and Associates, Inc
Bought with:
Desiree Bourgeois, 6501431210
Redfin Corporation
Source: MiRealSource,MLS#: 50200604
Originating MLS: MiRealSource
Originating MLS: MiRealSourceFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Range/Oven, Refrigerator
- Laundry: Common Area
Features
- Basement: Common
- Has fireplace: No
Interior area
- Total structure area: 1,884
- Total interior livable area: 1,884 sqft
Property
Features
- Levels: More than 2 Stories
- Patio & porch: Porch
- Fencing: Fenced
Lot
- Size: 4,791 Square Feet
- Dimensions: 40 x 114
Details
- Parcel number: 01002481
- Special conditions: Private
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement
Condition
- Year built: 1915
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
Community & HOA
Community
- Subdivision: Mc Laughlin Bros Sub Of Lt 8
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $122/sqft
- Tax assessed value: $70,800
- Annual tax amount: $2,274
- Date on market: 3/3/2026
- Cumulative days on market: 141 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Lease term: Less than 1 Year
- Total actual rent: 2585
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2026 | Sold | $230,000-7.6%$122/sqft |
Source:  MiRealSource #50200604 Report a problem | ||
| 7/22/2026 | Pending sale | $249,000$132/sqft |
Source: MiRealSource #50200604 Report a problem | ||
| 5/21/2026 | Price change | $249,000-0.2%$132/sqft |
Source: MiRealSource #50200604 Report a problem | ||
| 4/28/2026 | Price change | $249,500-0.2%$132/sqft |
Source: MiRealSource #50200604 Report a problem | ||
| 4/13/2026 | Price change | $249,900-8.8%$133/sqft |
Source: MiRealSource #50200604 Report a problem | ||
| 4/11/2026 | Price change | $274,000-0.2%$145/sqft |
Source: MiRealSource #50200604 Report a problem | ||
| 4/6/2026 | Price change | $274,500-0.1%$146/sqft |
Source: MiRealSource #50200604 Report a problem | ||
| 3/17/2026 | Price change | $274,9000%$146/sqft |
Source: MiRealSource #50200604 Report a problem | ||
| 3/3/2026 | Listed for sale | $275,000+455.6%$146/sqft |
Source: MiRealSource #50200604 Report a problem | ||
| 5/19/2016 | Sold | $49,500-5.7%$26/sqft |
Source: Public Record Report a problem | ||
| 3/2/2016 | Pending sale | $52,500$28/sqft |
Source: RE/MAX Dream Properties #215102180 Report a problem | ||
| 2/6/2016 | Price change | $52,500-10.8%$28/sqft |
Source: RE/MAX Dream Properties #215102180 Report a problem | ||
| 11/1/2015 | Price change | $58,850-5.1%$31/sqft |
Source: RE/MAX Dream Properties #215102180 Report a problem | ||
| 9/21/2015 | Listed for sale | $62,000+244.4%$33/sqft |
Source: RE/MAX Dream Properties #215102180 Report a problem | ||
| 2/10/2004 | Sold | $18,000$10/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $70,800 +39.1% |
| 2024 | -- | $50,900 +63.7% |
| 2023 | -- | $31,100 +39.5% |
| 2022 | -- | $22,300 +3.7% |
| 2021 | -- | $21,500 |
| 2020 | $2,053 +15.1% | $21,500 +31.9% |
| 2019 | $1,784 | $16,300 -2.4% |
| 2018 | $1,784 | $16,700 |
| 2017 | -- | $16,700 -51.2% |
| 2016 | $1,321 | $34,200 +228.8% |
| 2015 | $1,321 +7.9% | $10,400 -15.1% |
| 2013 | $1,225 -7.3% | $12,246 -24.6% |
| 2010 | $1,321 | $16,240 -12% |
| 2009 | -- | $18,454 |
| 2008 | -- | $18,454 |
| 2007 | -- | $18,454 +5.5% |
| 2005 | $212 | $17,492 +3% |
| 2004 | -- | $16,983 +57% |
| 2001 | $901 | $10,817 |
Find assessor info on the county website
Neighborhood: North End
Nearby homes
- $--1 bd1 ba950 sqft309 Melbourne St APT 1, Detroit, MI 48202Off Market
- $---- bd1 ba380 sqft309 Melbourne St APT 3, Detroit, MI 48202Off Market
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- $63,100-- bd1 ba1.4k sqft301 Melbourne St, Detroit, MI 48202Off Market
- $239,8004 bd1 ba1.7k sqft315 Melbourne St, Detroit, MI 48202Off Market
- $71,000-- bd1 ba1.7k sqft291 Melbourne St, Detroit, MI 48202Off Market
- $5005 bd2 ba2.7k sqft325 Melbourne St, Detroit, MI 48202Off Market
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Nearby schools
GreatSchools rating
- 5/10Golightly Education CenterGrades: PK-8Distance: 1.2 mi
- 3/10Southeastern High SchoolGrades: 9-12Distance: 4.8 mi
Schools provided by the listing agent
- District: Detroit City School District
Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$230,000
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
$230,000
- Michigan
- Wayne County
- Detroit
- 48202
- North End
- 309 Melbourne St
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Nearby neighborhoods
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