$124,900

1473 Taylor St Detroit, MI 48206

$1,483
Closing credit¹
6 full
3,220 sqft
0.2 acres
$39 / sqft
Multi-Family

Property details

About 1473 Taylor St

**OPPORTUNITY** This MASSIVE 6 unit Virginia Park multi-family property is looking for a new owner to bring it back to its former glory! The property currently features 6 2-bedroom units and has space to add 2 additional 1 bedroom units in the walk-up attic space. The property does require a full rehab but could be an absolute cash-cow once completed, as the units should rent for at least $1,200/month each, meaning you could generate over 110K in rental income per year! Located less than a block away from the Herman Kiefer project and 2 blocks from the Lodge freeway, this is an absolutely prime location! 5+ unit properties are extremely rare in the greater New Center area so take advantage of this incredible opportunity while you can! CASH OR HARD MONEY ONLY, NO SELLER FINANCING.

Highlights

Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
Size3,220 sqft
BasementYes
Lot size0.16 Acres
Year built1916
ParkingTwo Car Garage
MLS #20240090298
Garage2 spaces

Summary

  • MLS Number: 20240090298
  • MLS Name: Realcomp II Ltd
  • Office Name: RE/MAX Leading Edge
  • Office Phone: (734) 404-8800
  • Listing Agent: Ryan E Kain, Samuel Kain

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 2:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of property

$124,900

1473 Taylor St

$1,483

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jun 15, 2004
Home Sold
$30,000

Tax history

YearAssessmentProperty Tax
2024$600$-
2023$600$-
2022$600$-

History based on county public records data.

Nearby schools

2

University Preparatory Art Design Elementary School

Public Charter KG-5

0.6 mi

10225 3rd St

2

University Preparatory Academy Psad Elementary School

Public Charter KG-5

1.4 mi

435 Amsterdam St

1

University Preparatory Academy (PSAD) Elementary School

Public Charter KG-5

1.4 mi

957 Holden St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $12,639. The majority of Detroit, MI residents have income less than $<35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

How much money do the neighbors make?

88%
<35k
12%
35k-100k
1%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

68%
Single, No Kids
18%
Single, with Kids
7%
Married, No Kids
7%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
8%
12-17 yrs old
22%
18-34 yrs old
43%
35-64 yrs old
14%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • BurlingtonBurlington
  • H&MH&M
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • Boston MarketBoston Market
  • Little CaesarsLittle Caesars

What do the neighbors drive?

  • KiaKia
  • HondaHonda
  • DodgeDodge

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 1473 Taylor St in Detroit, MI and zip code 48206 in the Rosa Parks neighborhood. This 3,220 square foot home, which was built in 1916, sits on a 0.16 acre lot. Features: 6 bathrooms. It has been listed on Rocket Homes since December 9, 2024 and is currently priced at $124,900.

Detroit, MI housing market in February 2025 saw over 68 listings sold above listed price, more than 60 sold at listed price and over 203 sold below. In February 2025 in Detroit, MI there were 7% more homes for sale than in January. The median list price of listings available in February 2025 was $88,760, while the average time on the real estate market was 59 days.

From Rocket Homes Real Estate and based on county public records data.

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