2255 Webb St Detroit, MI 48206
Property details
About 2255 Webb St
BACK ON THE MARKET DUE TO BUYER NOT HAVING FUNDS TO CLOSE AT CLOSING. PRICE REDUCED TO SELL!! CALLING ALL INVESTORS!! This Russell Woods apartment complex has 156 units and is an ADD VALUE INVESTMENT/OPPORTUNITY!! 60% occupied! 100 one bed/one bath and 56 two beds/one bath units. Occupied units are in great condition. Vacant units just need turned and rented. This complex is made up of 28 buildings on one plot of land! Rare find. Fenced property. Some of the roofs have been updated/replaced. Most of the windows have been updated to vinyl. Half the complex is boiler heat and the other half has furnaces in each unit. Great mix! Good rents. Located in the great Russell Woods Community of Detroit! This will be a cash cow once units are turned and fully occupied! Seller is open to seller financing with 50% down. Serious buyers only please!
Highlights
Summary
- Full Bathrooms: 156
- Basement: Yes
- Total Bedroom Count: 212
- Heating: Steam, Forced Air
- List Price: $5,975,000
- Price/SqFt: $39
- Annual Tax Amount: $165,675
- Tax Year: 2024
- Year Built: 1948
- Stories: 2
- Living Area: 150,689 SqFt
- School District: Detroit City School District
- Lot Size: 4.87 Acres
- MLS Number: 50172514
- MLS Name: MiRealSource
- Office Name: Keller Williams Paint Creek
- Office Phone: (248) 609-8000
- Office Email: laithyaldo@hotmail.com
- Listing Agent: Justin Zehel
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.
Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/20/2025, 12:45:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 25, 2021 | Home Sold | $6,050,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $3,811,900 | $165,675 |
| 2023 | $3,217,000 | $165,675 |
| 2022 | $2,822,400 | $108,810 |
| 2021 | $1,866,100 | $108,810 |
| 2020 | $1,498,100 | $41,993 |
| 2018 | $562,100 | $41,993 |
| 2017 | $525,300 | $41,728 |
History based on county public records data.
Nearby schools
2
University Preparatory Art Design Elementary School
Public Charter KG-5
0.9 mi
•10225 3rd St
1
George Washington Carver Elementary School
Public Charter PK-4
1.7 mi
•14510 2nd Ave
2
University Preparatory Academy Psad Elementary School
Public Charter KG-5
2.2 mi
•435 Amsterdam 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 $12,852. Typical income of Detroit, MI residents is less than $<35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Little Caesars
What do the neighbors drive?
Honda
Kia
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Frequently asked questions
About 2255 Webb St
The listing price of 2255 Webb St property is $5,975,000.
The property 2255 Webb St is a multi located in Detroit, Michigan, 48206.
Active Listing: 2255 Webb St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2255 Webb St are: University Preparatory Art Design Elementary School (GreatSchools Rating 2/10), George Washington Carver Elementary School (GreatSchools Rating 1/10), University Preparatory Academy Psad Elementary School (GreatSchools Rating 2/10), Durfee Elementary-Middle School (GreatSchools Rating 1/10), New Paradigm Glazer Academy (GreatSchools Rating 4/10), Thirkell Elementary-Middle School (GreatSchools Rating 1/10), Central Academy and High School (GreatSchools Rating 1/10), Detroit International Academy for Young Women (GreatSchools Rating 5/10), Joy Preparatory Academy (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $165,675 (source: MLS/based on county public records data).
The last sale was on January 25, 2021 for $6,050,000 (source: MLS/tax record).
The property 2255 Webb St is 150,689 SqFt (source: MLS/tax record).
The year of construction for 2255 Webb St is 1948.
This home is located at 2255 Webb St in Detroit, MI and zip code 48206 in the Midtown neighborhood. This 150,689 square foot home, which was built in 1948, sits on a 4.87 acre lot. Features: 212 bedrooms, 156 bathrooms. It has been listed on Rocket Homes since April 25, 2025 and is currently priced at $5,975,000.
In June 2025, from all listings sold in Detroit, MI there were more than 79 sold above asking price, over 144 sold below and more than 74 were sold right at the asked price. The number of homes for sale in Detroit, MI increased by 16.7% between May and June 2025. Listings spent 45 days on the market in June 2025, and had a median list price of $92,746 during the same period.