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Sold for $260,000
    • $260,000

    59 W Margaret St, Detroit, MI 48203

    8beds
    4,404sqft
    Multi Family
    Built in 1927
    -- sqft lot
    $262,600 Zestimate®
    $59/sqft
    $1,240 Estimated rent

    Home value

    $262,600

    $242,000 - $286,000

    $1,240/mo

    Zestimate® history
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    What's special

    Year-round enjoymentValuable living spaceHeated sunroomDedicated dining areaWell-appointed kitchen
    Investor Special! Don’t miss this fantastic opportunity to own a 4-unit property in the up-and-coming city of Highland Park. Each unit offers 2 bedrooms, 1 full bath, a spacious living room, a dedicated dining area, and a well-appointed kitchen—providing a comfortable layout for tenants. Bonus: every unit includes a heated sunroom for year-round enjoyment, adding valuable living space and appeal. Whether you're looking to expand your rental portfolio or start with a solid multi-family investment, this property is full of potential in a growing market.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lori Goldman 248-646-6200,

    Berkshire Hathaway HomeServices Kee Realty Bham,

    Melissa Michels 248-646-6200,

    Berkshire Hathaway HomeServices Kee Realty Bham

    Bought with:

    Courtney Thompson, 6501453893

    KW Advantage

    Source: Realcomp II,MLS#: 20251025065MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 1
    • Full bathrooms: 4
    Heating
    • Hot Water, Natural Gas, Radiant
    Appliances
    • Laundry: Common Area
    Features
    • Basement: Common,Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 4,404 sqft
    • Finished area above ground: 4,404

    Property

    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Porch
    • Pool features: None
    Lot
    • Size: 3,920 Square Feet
    • Dimensions: 40 x 100
    Details
    • Parcel number: 01005757
    • Zoning description: MultiFamily
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Quadruplex
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Basement, Block
    Condition
    • New construction: No
    • Year built: 1927

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    Green energy
    • Indoor air quality: Ventilation

    Community & HOA

    Community
    • Subdivision: GRIX HOME PARK
    Location
    • Region: Detroit

    Financial & listing details

    • Price per square foot: $59/sqft
    • Tax assessed value: $16,010
    • Annual tax amount: $4,258
    • Date on market: 8/7/2025
    • Cumulative days on market: 142 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    4/15/2026Pending sale$269,000+3.5%$61/sqft
    Source: Realcomp II #20251025065 Report a problem
    4/7/2026Sold$260,000-3.3%$59/sqft
    Source: Realcomp II #20251025065 Report a problem
    1/27/2026Listing removed$1,000
    Source: Realcomp II #20251047422 Report a problem
    10/21/2025Listed for rent$1,000
    Source: Realcomp II #20251047422 Report a problem
    10/15/2025Price change$269,000-2.2%$61/sqft
    Source: Realcomp II #20251025065 Report a problem
    10/9/2025Listing removed$1,000
    Source: Realcomp II #20251025093 Report a problem
    8/7/2025Listed for rent$1,000
    Source: Realcomp II #20251025093 Report a problem
    8/6/2025Listing removed$1,000
    Source: Realcomp II #20251020466 Report a problem
    7/24/2025Listed for rent$1,000
    Source: Realcomp II #20251020466 Report a problem
    7/23/2025Price change$275,000-6.8%$62/sqft
    Source: Realcomp II #20251020061 Report a problem
    3/6/2025Price change$295,000-2.6%$67/sqft
    Source: Realcomp II #20250005221 Report a problem
    1/23/2025Listed for sale$303,000+225.8%$69/sqft
    Source: Realcomp II #20250005221 Report a problem
    2/4/2020Sold$93,000$21/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $85,800 +29.4%
    2024-- $66,300 +16.7%
    2023-- $56,800 +17.1%
    2022-- $48,500 +8.7%
    2021-- $44,600
    2020$2,135 +43.4%$44,600 +21.5%
    2019$1,489 $36,700 +15.8%
    2018$1,489 $31,700 +10.5%
    2017-- $28,700 -61.7%
    2016$2,195 $75,000 +393.4%
    2015$2,195 +15.7%$15,200 -19.8%
    2013$1,896 -13.6%$18,964 -31.8%
    2010$2,195 $27,804 -12%
    2009-- $31,596 -13.5%
    2008-- $36,527
    2007-- $36,527 +5.5%
    2005$251 $34,623 +3%
    2004-- $33,615 +79%
    2001$1,564 +10.1%$18,782 +3.2%
    2000$1,420 $18,200
    Find assessor info on the county website

    Neighborhood: Grixdale Farms

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    Estimated market value
    $262,600
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    Estimated market value
    $262,600

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