About This Home

This 6-bedroom, 2-bathroom residential multi family at 1407 Lakewood Street in Detroit, MI is listed for $99,900 ($43 per sqft). Built in 1915, the home offers 2,300 sqft of living space on a 0.17 acres lot.

Key Features

  • Built in 1915
  • 0.17 acre lot
  • 2 stories

Property Details

2 stories
2 full
1915
Listing Description

Multifamily opportunity at 1423 Lakewood in Detroit! This property features two spacious units, each offering 3 bedrooms and 1 full bathroom, A full kitchen, living room and dining room making it ideal for both investors and owner-occupants. The property includes a shared basement, providing additional storage and utility space for tenants.

Outside, you'll find a large driveway with ample parking along with two separate garages-a 2.5-car garage and an additional 1.5-car garage, a rare and valuable feature for rental properties. Situated on two parcels of land, this property offers added flexibility and long-term potential for expansion or increased value.

Conveniently located near major roads, shopping, and local amenities, this is a strong income-producing asset with room to grow. **Second floor unit's address is 1427 Lakewood St, Detroit, MI 48215** **Second parcel included is 1407 Lakewood St, Detroit, MI 48215** Don't miss out on this versatile Detroit investment opportunity!

Monthly Cost Estimate

$534/mo

20% down · 6.5% · 30 years

Principal$72
Interest$433
Insurance$29

Estimates only. Actual payments may vary.

Location

1407 Lakewood Street

Detroit, MI 48215

Skinner & Moores

Property Details

Construction

Brick

Heating

Forced Air

Questions & Answers

This 6-bedroom, 2-bathroom residential multi family at 1407 Lakewood Street is listed at $99,900 ($43/sqft). The estimated monthly payment is $534 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1915, 0.17 acre lot, 2 stories.

This property is listed by Moe Kassem.

MK

Moe Kassem

Agent at eXp Realty

Listed by eXp Realty · Broker phone: (888) 501-7085 · View on Broker Site

MLS# 20261087401· Source: Realcomp Limited II· 5 days on PropertySimple

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1407 Lakewood Street, Detroit, MI 48215

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