3/4 occupied. Nestled in Detroit's North End neighborhood, this fully leased quadplex is the perfect purchase for a savvy investor. Building received gut renovation in 2017. All 3 bed, 1 bath units have new plumbing, electrical, HVAC, Flooring, roofing, etc. Each unit has a dishwasher Washer dryer and storage in basement. Includes 2 gated off street parking. With a gross annual income of $58,080, this property is the perfect purchase for a savvy investor. Less than 10 minute drive to downtown Detroit, and a 5 minute drive to midtown, this investment opportunity is uniquely rare and one to take advantage of. Newly renovated quadplexes in the most desired neighborhoods in Detroit are moving quickly.
Sold
$499,000
506 Westminster St, Detroit, MI 48202
12beds
4baths
--sqft
2 to 4 Units
Built in 1910
-- sqft lot
$488,800 Zestimate®
$--/sqft
$2,051 Estimated rent
Home value
$488,800
$430,000 - $538,000
$2,051/mo
Zestimate® history
Owner options
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$3,428/mo
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Zillow last checked:
Listing updated:
Listed by:
Ishma Best 313-355-3004,
Prep Realty
Bought with:
Kimberly Robinson
Source: MichRIC,MLS#: 24020988
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 4
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: Common Area, In Basement
Features
- Basement: Full
Property
Lot
- Size: 5,662 sqft
- Dimensions: 50 x 115
- Features: Corner Lot
Details
- Parcel number: 03002633.
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Brick
- Roof: Other
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Community & neighborhood
Location
- Region: Detroit
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2024 | Sold | $499,000 |
Source:  MichRIC #24020988 Report a problem | ||
| 5/28/2024 | Pending sale | $499,000 |
Source: MichRIC #24020988 Report a problem | ||
| 5/22/2024 | Contingent | $499,000 |
Source: MichRIC #24020988 Report a problem | ||
| 5/2/2024 | Listed for sale | $499,000+399% |
Source: MichRIC #24020988 Report a problem | ||
| 11/11/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 9/30/2022 | Price change | $1,195-4.4% |
Source: Zillow Rental Manager Report a problem | ||
| 9/7/2022 | Price change | $1,250-3.8% |
Source: Zillow Rental Manager Report a problem | ||
| 8/31/2022 | Listed for rent | $1,300 |
Source: Zillow Rental Manager Report a problem | ||
| 7/1/2005 | Sold | $100,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $58,900 +38.9% |
| 2024 | -- | $42,400 +46.7% |
| 2023 | -- | $28,900 +41.7% |
| 2022 | -- | $20,400 +6.3% |
| 2021 | -- | $19,200 |
| 2020 | $993 +32.4% | $19,200 +33.3% |
| 2019 | $750 | $14,400 +3.6% |
| 2018 | $750 | $13,900 |
| 2017 | -- | $13,900 -56.6% |
| 2016 | $761 | $32,000 +627.3% |
| 2015 | $761 +63.8% | $4,400 -5.4% |
| 2013 | $465 -38.9% | $4,649 -44.9% |
| 2010 | $761 | $8,437 -12% |
| 2009 | -- | $9,588 -13.5% |
| 2008 | -- | $11,084 |
| 2007 | -- | $11,084 +5.5% |
| 2005 | $127 | $10,506 +3% |
| 2004 | -- | $10,200 |
Find assessor info on the county website
Neighborhood: North End
Nearby schools
GreatSchools rating
- 5/10Golightly Education CenterGrades: PK-8Distance: 1.8 mi
- 3/10Southeastern High SchoolGrades: 9-12Distance: 5.1 mi
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Estimated market value
$488,800
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
$488,800
- Michigan
- Wayne County
- Detroit
- 48202
- North End
- 506 Westminster St
Nearby cities
Nearby neighborhoods
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