Pending

$199,900

4059 Tyler St, Detroit, MI 48238

5beds

4,002sqft

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Multi Family

Built in 1930

-- sqft lot

$196,300 Zestimate^®

$50/sqft

$-- HOA

What's special

Exceptional investment opportunity in desirable Russell Woods! This solid tri-plex offers strong long-term growth potential in one of Detroit’s consistently sought-after rental areas. The property features one spacious 3-bedroom unit (1st floor) and two 1-bedroom units (2nd floor). The 3-bedroom has rented for $1,450/month, while the 1-bedroom units command $800 and $900/month, with potential for even higher rents in today’s market. All units offer two private entrances and separate electric service for added tenant convenience. A common basement provides tenant laundry facilities and additional storage potential. Off-street parking includes a rear parking pad accommodating up to three vehicles. Rental certified with the City of Detroit, this income-producing property is well-positioned for both steady cash flow and future appreciation. A rare opportunity to own a highly desirable tri-plex in Russell Woods!

134 days

18

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Heating

Hot Water, Natural Gas

Features

Basement: Full,Unfinished
Has fireplace: No

Interior area

Total interior livable area: 4,002 sqft
Finished area above ground: 2,668
Finished area below ground: 1,334

Property

Parking

Total spaces: 3
Parking features: Parking Pad

Features

Levels: Two
Stories: 2
Patio & porch: Covered, Porch
Exterior features: Awnings
Pool features: None

Lot

Size: 3,920 Square Feet
Dimensions: 35 x 116

Details

Parcel number: W14I005254S
Zoning description: Residential
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Triplex
Property subtype: Multi Family

Materials

Brick
Foundation: Basement, Brick Mortar

Condition

New construction: No
Year built: 1930

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: SULLIVANS DEXTER BLVD 1

Location

Region: Detroit

Financial & listing details

Price per square foot: $50/sqft
Tax assessed value: $75,200
Annual tax amount: $9,525
Date on market: 2/17/2026
Cumulative days on market: 134 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,FHA

Estimated market value

$196,300

$186,000 - $206,000

$1,612/mo

Price history

Date	Event	Price
3/17/2026	Pending sale	$199,900$50/sqft
Source: Realcomp II #20261010032 Report a problem
2/18/2026	Listed for sale	$199,900+42.8%$50/sqft
Source: Realcomp II #20261010032 Report a problem
5/31/2023	Sold	$140,000$35/sqft
Source: Realcomp II #20230021825 Report a problem
4/26/2023	Pending sale	$140,000$35/sqft
Source: Realcomp II #20230021825 Report a problem
3/31/2023	Listed for sale	$140,000-9.7%$35/sqft
Source: Realcomp II #20230021825 Report a problem
9/1/2022	Listing removed	--
Source: Real Estate One Report a problem
7/20/2022	Price change	$155,000-11.4%$39/sqft
Source: Realcomp II #2220036301 Report a problem
7/9/2022	Price change	$175,000-12.5%$44/sqft
Source: Realcomp II #2220036301 Report a problem
5/18/2022	Listed for sale	$199,999+273.8%$50/sqft
Source: Realcomp II #2220036301 Report a problem
10/11/2019	Sold	$53,500+98.1%$13/sqft
Source: Public Record Report a problem
5/23/2017	Sold	$27,000$7/sqft
Source: Public Record Report a problem
2/12/2017	Listing removed	$27,000$7/sqft
Source: Downtown Realty #217009181 Report a problem
2/7/2017	Listed for sale	$27,000-69.5%$7/sqft
Source: Downtown Realty #217009181 Report a problem
1/29/2016	Listing removed	$475
Source: Michigan Global Management LLC Report a problem
9/30/2015	Listed for rent	$475-20.2%
Source: Michigan Global Management Report a problem
10/31/2014	Listing removed	$595
Source: Michigan Global Management Report a problem
10/4/2014	Listed for rent	$595
Source: Michigan Global Management Report a problem
5/20/2014	Listing removed	$595
Source: Michigan Global Management Report a problem
5/1/2014	Sold	$88,500+342.5%$22/sqft
Source: Public Record Report a problem
2/19/2014	Price change	$595+32.2%
Source: Michigan Global Management Report a problem
1/13/2014	Price change	$450-28%
Source: Michigan Global Management Report a problem
12/18/2013	Listed for rent	$625
Source: Michigan Global Management Report a problem
10/30/2013	Sold	$20,000$5/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$74,300 +22.8%
2024	--	$60,500 +21.7%
2023	--	$49,700 +36.2%
2022	--	$36,500 +7.7%
2021	--	$33,900
2020	$3,699 +47.8%	$33,900 +31.9%
2019	$2,502	$25,700 +2.8%
2018	$2,502	$25,000 +1.6%
2017	--	$24,600 -50.3%
2016	$1,342	$49,500 +159.2%
2015	$1,342 -1.1%	$19,100 -28%
2013	$1,357 +1.1%	$26,540 -30.2%
2010	$1,342	$38,027 -12%
2009	--	$43,213 -10.5%
2008	--	$48,283
2007	--	$48,283 +5.5%
2005	$136	$45,766 +3%
2004	--	$44,433

Find assessor info on the county website

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