$2,077 Closing Credit¹
#20250021429, Ghazy K Mustapha, Khalil Mustapha, Listing Office: The Signature Group Realty, LLC
$425,000 List price
2545 Cabot St Detroit, MI 48209
$5,047
Closing credit¹
7 full
3,520 sqft
0.08 acres
$121 / sqft
Multi-Family
Property details
About 2545 Cabot St
This well-maintained 7-unit property is a fantastic investment, with 5 units currently rented and generating steady cash flow. The property offers a mix of 3 one-bedroom units and 4 two-bedroom units, providing great rental versatility. Don’t miss the opportunity to tour this income-producing asset today!
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
Size3,520 sqft
BasementYes
Lot size0.08 Acres
Year built1923
ParkingTwo Car Garage
MLS #20240085399
Garage2 spaces
Summary
- Full Bathrooms: 7
- Basement: Yes
- Garage Space: 2 spaces
- Attached Garage: No
- Parking: Two Car Garage
- Architectural Style: Townhouse
- Heating: Forced Air, Natural Gas
- List Price: $425,000
- Price/SqFt: $120
- Annual Tax Amount: $1,923
- Tax Year: 2024
- Directions: East Of Dix Ave And North Of Vernor Hwy
- Year Built: 1923
- Living Area: 3,520 SqFt
- Lot Size: 0.08 Acres
- MLS Number: 20240085399
- MLS Name: Realcomp II Ltd
- Office Name: DOBI Real Estate
- Office Phone: (248) 385-3350
- Listing Agent: Douglas Rahaim, Thomas Holzer
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: 5/13/2025, 3:20:30 AM 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
$425,000
2545 Cabot St
$5,047
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 19, 2023 | Home Sold | $400,000 |
| Mar 30, 2022 | Home Sold | $275,000 |
| Mar 29, 2022 | Home Sold | $157,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $77,400 | $1,923 |
| 2023 | $60,300 | $1,923 |
| 2022 | $52,100 | $1,923 |
| 2021 | $42,600 | $1,923 |
| 2020 | $37,700 | $1,916 |
| 2018 | $27,200 | $1,916 |
| 2017 | $26,700 | $1,906 |
History based on county public records data.
Nearby schools
2
Bennett Elementary School
Public District PK-5
0.3 mi
•2111 Mullane St
2
Harms Elementary School
Public District PK-5
0.6 mi
•2400 Central St
4
Salina Elementary School
Public District PK-3
0.8 mi
•2700 Ferney 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 $21,625. Residents of Detroit, MI typically earn less than $<35k each year. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
77%
<35k
21%
35k-100k
2%
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?
48%
Single, No Kids
21%
Single, with Kids
10%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
23%
<11 yrs old
9%
12-17 yrs old
25%
18-34 yrs old
32%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Ross Dress For Less
Foot Locker
Where do the neighbors go to eat?
White Castle
Jack In The Box
Little Caesars
What do the neighbors drive?
Kia
Nissan
Dodge
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
Backup offers
$1,532 Closing Credit¹
#20250017275, Lindsay L Gorman, Listing Office: Nika & Co
This home is located at 2545 Cabot St in Detroit, MI and zip code 48209 in the Springwells neighborhood. This 3,520 square foot home, which was built in 1923, sits on a 0.08 acre lot. Features: 7 bathrooms. It has been listed on Rocket Homes since November 13, 2024 and is currently priced at $425,000.
In April 2025, from all listings sold in Detroit, MI there were more than 93 sold above asking price, over 216 sold below and more than 85 were sold right at the asked price. The inventory of homes for sale in Detroit, MI between March and April 2025 increased by 13.4%. In April 2025, listings were on the market for 47 days. During the same period, the median list price in this real estate market was $90,000.
From Rocket Homes Real Estate and based on county public records data.