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.
For sale
Price cut: $500 (5/21)
$249,000
309 Melbourne St, Detroit, MI 48202
4beds
1,884sqft
Multi Family
Built in 1915
-- sqft lot
$244,300 Zestimate®
$132/sqft
$-- HOA
What's special
Newer finishes throughout
- 120 days |
- 327 |
- 35 |
Zillow last checked:
Listing updated:
Listed by:
Matthew Jankowski 313-995-3587,
Lucido and Associates, Inc 313-882-1010,
Alex M. Lucido 313-268-2000,
Lucido and Associates, Inc
Source: MiRealSource,MLS#: 50200604
Originating MLS: MiRealSource
Originating MLS: MiRealSourceLoading...
Facts & 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: $132/sqft
- Tax assessed value: $70,800
- Annual tax amount: $2,274
- Date on market: 3/3/2026
- Cumulative days on market: 121 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Lease term: Less than 1 Year
- Total actual rent: 2585
Estimated market value
$244,300
$232,000 - $257,000
$1,305/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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 | $10,817 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: North End
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Michigan
- Wayne County
- Detroit
- 48202
- North End
- 309 Melbourne St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Detroit Topics
