Turnkey investment opportunity located in the highly sought-after Boston-Edison Historic District. This newly renovated property is fully leased and generating $4,200 per month in rental income, making it an excellent addition to any investor’s portfolio. The property has been thoughtfully updated throughout, offering modern improvements while complementing the character of the surrounding historic neighborhood. Positioned in one of the most desirable and rapidly revitalizing areas of Detroit, the location provides convenient access to major employment centers and popular local attractions. Nearby amenities include the iconic Motown Museum, Henry Ford Hospital, and the shops, dining, and entertainment along the Woodward Avenue corridor. Surrounded by beautiful historic architecture, tree-lined streets, and continued neighborhood investment, the area continues to attract strong tenant demand. With stable income already in place and a prime location in one of Detroit’s most notable historic districts, this property presents a compelling opportunity for investors seeking both cash flow and long-term appreciation.
For sale
Price cut: $25K (7/1)
$290,000
3235 Monterey St, Detroit, MI 48206
8beds
3,538sqft
Multi Family
Built in 1924
-- sqft lot
$-- Zestimate®
$82/sqft
$-- HOA
What's special
Thoughtfully updated throughoutTree-lined streetsModern improvementsNewly renovated property
- 76 days |
- 387 |
- 38 |
Zillow last checked:
Listing updated:
Listed by:
Drake O'Donnell 248-609-7108,
NATOD Management 248-609-7108
Source: Realcomp II,MLS#: 20261015773
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Forced Air, Natural Gas
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 3,538 sqft
- Finished area above ground: 3,538
Property
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 6,098 Square Feet
- Dimensions: 52.5 x 120.5
Details
- Parcel number: W12I003680S
- Zoning description: MultiFamily, Residential
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Quadruplex
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement, Brick Mortar
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: LINWOOD HEIGHTS
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $82/sqft
- Tax assessed value: $33,301
- Annual tax amount: $4,403
- Date on market: 3/11/2026
- Cumulative days on market: 76 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Warranty Deed
Estimated market value
Not available
Estimated sales range
Not available
$1,228/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Price change | $290,000-7.9%$82/sqft |
Source: | ||
| 6/23/2026 | Pending sale | $315,000$89/sqft |
Source: | ||
| 5/26/2026 | Price change | $315,000-4.5%$89/sqft |
Source: | ||
| 5/20/2026 | Listed for sale | $330,000$93/sqft |
Source: | ||
| 4/18/2026 | Pending sale | $330,000$93/sqft |
Source: | ||
| 3/11/2026 | Listed for sale | $330,000-4.3%$93/sqft |
Source: | ||
| 1/1/2026 | Listing removed | $345,000$98/sqft |
Source: | ||
| 11/6/2025 | Price change | $345,000-1.4%$98/sqft |
Source: | ||
| 9/14/2025 | Listed for sale | $350,000+55.6%$99/sqft |
Source: | ||
| 3/10/2023 | Sold | $225,000+80%$64/sqft |
Source: Public Record Report a problem | ||
| 1/11/2023 | Sold | $125,000$35/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $32,300 +25.2% |
| 2024 | -- | $25,800 +20.6% |
| 2023 | -- | $21,400 +23% |
| 2022 | -- | $17,400 +8.1% |
| 2021 | -- | $16,100 |
| 2020 | $861 -46% | $16,100 +5.9% |
| 2019 | $1,594 | $15,200 +4.8% |
| 2018 | $1,594 | $14,500 -2.7% |
| 2017 | -- | $14,900 -57.4% |
| 2016 | $1,527 | $35,000 +121.5% |
| 2015 | $1,527 -5% | $15,800 -28.1% |
| 2013 | $1,607 +5.2% | $21,981 -30.2% |
| 2010 | $1,527 | $31,495 -12% |
| 2009 | -- | $35,790 -10.5% |
| 2008 | -- | $39,989 |
| 2007 | -- | $39,989 +5.5% |
| 2005 | $161 | $37,904 +3% |
| 2004 | -- | $36,800 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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.
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Climate risks
Neighborhood: Dexter-Linwood
Nearby schools
GreatSchools rating
- 3/10Durfee Elementary-Middle SchoolGrades: PK-8Distance: 0.6 mi
- 4/10Central Collegiate AcademyGrades: 9-12Distance: 0.6 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Michigan
- Wayne County
- Detroit
- 48206
- Dexter-Linwood
- 3235 Monterey St







