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For sale
  • Price cut: $25K (7/1)
    $290,000

    3235 Monterey St, Detroit, MI 48206

    8beds
    3,538sqft
    : 
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    Multi Family
    Built in 1924
    -- sqft lot
    $-- Zestimate®
    $82/sqft
    $-- HOA

    What's special

    Thoughtfully updated throughoutTree-lined streetsModern improvementsNewly renovated property
    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.
    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#: 20261015773MLS Logo

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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

        DateEventPrice
        7/1/2026Price change$290,000-7.9%$82/sqft
        Source: Realcomp II #20261015773 Report a problem
        6/23/2026Pending sale$315,000$89/sqft
        Source: Realcomp II #20261015773 Report a problem
        5/26/2026Price change$315,000-4.5%$89/sqft
        Source: Realcomp II #20261015773 Report a problem
        5/20/2026Listed for sale$330,000$93/sqft
        Source: Realcomp II #20261015773 Report a problem
        4/18/2026Pending sale$330,000$93/sqft
        Source: Realcomp II #20261015773 Report a problem
        3/11/2026Listed for sale$330,000-4.3%$93/sqft
        Source: Realcomp II #20261015773 Report a problem
        1/1/2026Listing removed$345,000$98/sqft
        Source: Realcomp II #20251036262 Report a problem
        11/6/2025Price change$345,000-1.4%$98/sqft
        Source: Realcomp II #20251036262 Report a problem
        9/14/2025Listed for sale$350,000+55.6%$99/sqft
        Source: Realcomp II #20251036262 Report a problem
        3/10/2023Sold$225,000+80%$64/sqft
        Source: Public Record Report a problem
        1/11/2023Sold$125,000$35/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

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        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

        Getting around

        47 / 100
        Car-Dependent
        48 / 100
        Some Transit
        57 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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