$5,819 Closing Credit¹
#50167621, Monta Catterall, Listing Office: Real Estate One Clinton
$525,000 List price
1531 W Warren Ave Detroit, MI 48208
$6,234
Closing credit¹
0.2 acres
Multi-Family
Property details
About 1531 W Warren Ave
Located on a beautiful tree-lined block in the highly sought-after Woodbridge neighborhood, this 4-unit property is a prime investment opportunity. Each unit features 1 bedroom and 1 bathroom, offering cozy living spaces perfect for tenants looking to be near the heart of Detroit. With its proximity to Wayne State University, Henry Ford Hospital, Detroit Medical Center, and vibrant local restaurants, shops, and parks, this property is a magnet for tenants.Three of the four units are currently rented, generating a strong monthly income of over $4,000 when fully occupied. This property is ideal for investors seeking steady cash flow in a desirable area with high rental demand.Don't miss this chance to own a multi-unit gem in one of Detroit's most thriving neighborhoods!
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
BasementYes
Lot size0.17 Acres
Year built1911
MLS #81024057122
Summary
- MLS Number: 81024057122
- MLS Name: Greater Metropolitan Association of REALTORS
- Office Name: Prep Realty
- Office Phone: (313) 855-7737
- Listing Agent: Ishma Best
Disclaimer: 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: 3/9/2025, 4:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$525,000
1531 W Warren Ave
$6,234
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 12, 2021 | Home Sold | $1,100,000 |
| Apr 22, 2016 | Home Sold | $675,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $474,400 | $4,265 |
| 2023 | $403,100 | $4,265 |
| 2022 | $238,600 | $2,348 |
| 2021 | $77,900 | $2,348 |
| 2020 | $72,900 | $4,110 |
| 2018 | $49,600 | $4,110 |
| 2017 | $42,700 | $4,086 |
History based on county public records data.
Nearby schools
1
University Preparatory Academy (PSAD) Elementary School
Public Charter KG-5
0.7 mi
•957 Holden St
2
University Preparatory Academy Psad Elementary School
Public Charter KG-5
1.0 mi
•435 Amsterdam St
8
Chrysler Elementary School
Public District KG-5
2.5 mi
•1445 E Lafayette St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $37,530. Residents of Detroit, MI typically earn less than $<35k each year. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
47%
<35k
43%
35k-100k
10%
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?
73%
Single, No Kids
13%
Single, with Kids
9%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
4%
12-17 yrs old
35%
18-34 yrs old
42%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Boston Market
Popeyes
What do the neighbors drive?
Kia
Honda
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 1531 W Warren Ave in Detroit, MI and zip code 48208 in the Jeffries neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $525,000.
In February 2025 more than 68 listings in Detroit, MI were sold above the asking price. During the same period more than 60 listings were sold at asking price, while more than 203 were sold below. The number of listings in Detroit, MI increased by 7% between January and February 2025. In February 2025 median list price was $88,760 and the average listing age was 59 days.
From Rocket Homes Real Estate and based on county public records data.