$1,839 Closing Credit¹
#50176420, Amber Kling, Listing office: Sine & Monaghan Realtors LLC St Clair
$174,900 List price
5025 Somerset Ave Detroit, MI 48224
$2,077
Closing credit¹
2 full
1,772 sqft
0.1 acres
$99 / sqft
Multi-Family
Property details
About 5025 Somerset Ave
Welcome to 5025 Somerset, a fully renovated, vacant duplex nestled in one of Detroit’s resurging neighborhoods. It's perfect for first-time buyers looking to house hack or investors seeking strong cash flow from day one. This property has been completely upgraded in 2024-2025, offering peace of mind with all major systems modernized: New roof New PVC plumbing and updated electrical New furnace and hot water tank (to be installed prior to appraisal) Brand-new appliances in both units (refrigerator, stove/oven, microwave) Each unit is move-in ready: Upper Unit – 1 bedroom, projected rent: $750/mo Lower Unit – 2 bedrooms, projected rent: $1,250/mo Estimated Total monthly income: $2,000 With low estimated expenses—currently estimated property taxes are around $3,500 annually and a projected mortgage of around $1,600/mo—this property delivers an estimated CAP rate of 9.6% (based on projected net income), making it a prime buy-and-hold or house-hack opportunity. Additional highlights: Privacy fence for added security and outdoor enjoyment Located minutes from Downtown Detroit, major freeways, and local shopping, Vacant and ready for immediate occupancy or lease-up Whether you’re an investor looking to expand your portfolio or a first-time homebuyer ready to build equity, Somerset checks all the boxes. Schedule your tour today and lock in your next income-producing asset.
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
Size1,772 sqft
BasementYes
Lot size0.11 Acres
Year built1929
MLS #20251003378
Summary
- Full Bathrooms: 2
- Basement: Yes
- Attached Garage: No
- Architectural Style: Duplex
- Heating: Forced Air, Natural Gas
- List Price: $174,900
- Price/SqFt: $98
- Annual Tax Amount: $1,717
- Tax Year: 2024
- Directions: Warren Rd between Alter and Outer Drive
- Year Built: 1929
- Living Area: 1,772 SqFt
- Lot Size: 0.11 Acres
- MLS Number: 20251003378
- MLS Name: Realcomp II Ltd
- Office Name: KW Metro
- Office Phone: (248) 288-3500
- Listing Agent: Elijah Cook, Dashayla Walker
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: 6/22/2025, 1:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$174,900
5025 Somerset Ave
$2,077
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 23, 2024 | Home Sold | $29,000 |
| Oct 03, 2019 | Home Sold | $89,900 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $31,700 | $1,717 |
| 2023 | $24,900 | $1,717 |
| 2022 | $21,000 | $938 |
| 2021 | $18,000 | $938 |
| 2020 | $16,700 | $1,372 |
| 2018 | $13,100 | $1,372 |
| 2017 | $12,200 | $974 |
History based on county public records data.
Nearby schools
1
Marvin L Winans Academy Elementary School
Public Charter KG-5
1.0 mi
•9740 McKinney St
1
Wayne Elementary School
Public District PK-5
1.2 mi
•10633 Courville St
6
George Defer Elementary School
Public District KG-5
1.3 mi
•15425 Kercheval Ave
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 $22,021. The most common annual income of people living in Detroit, MI is less than $<35k. Most families are single, with kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
71%
<35k
20%
35k-100k
9%
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?
41%
Single, No Kids
42%
Single, with Kids
8%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
24%
<11 yrs old
14%
12-17 yrs old
23%
18-34 yrs old
31%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Where do the neighbors shop?
Foot Locker
Burlington
Ross Dress For Less
Where do the neighbors go to eat?
Little Caesars
White Castle
Jack In The Box
What do the neighbors drive?
Dodge
Kia
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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Frequently asked questions
About 5025 Somerset Ave
The listing price of 5025 Somerset Ave property is $174,900.
The property 5025 Somerset Ave is a multi located in Detroit, Michigan, 48224.
Active Listing: 5025 Somerset Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5025 Somerset Ave are: Marvin L Winans Academy Elementary School (GreatSchools Rating 1/10), Wayne Elementary School (GreatSchools Rating 1/10), George Defer Elementary School (GreatSchools Rating 6/10), Ronald Brown Academy (GreatSchools Rating 1/10), J E Clark Preparatory Academy (GreatSchools Rating 1/10), Marvin L Winans Academy Middle School (GreatSchools Rating 3/10), East English Village Preparatory Academy at Finney (GreatSchools Rating 1/10), Capstone Academy Charter Schoolmayfield (GreatSchools Rating 1/10), Denby High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $1,717 (source: MLS/based on county public records data).
The last sale was on April 23, 2024 for $29,000 (source: MLS/tax record).
The property 5025 Somerset Ave is 1,772 SqFt (source: MLS/tax record).
The year of construction for 5025 Somerset Ave is 1929.
This home is located at 5025 Somerset Ave in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 1,772 square foot home, which was built in 1929, sits on a 0.11 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since May 30, 2025 and is currently priced at $174,900.
While more than 85 listings in Detroit, MI in May 2025 were sold above asking price, there were more than 74 listings sold at asking price, and more than 169 were sold below. In May 2025 in Detroit, MI there were 12.1% more homes for sale than in April. While the average time on the market in May 2025 was 48 days, the median list price was $90,022.
From Rocket Homes Real Estate and based on county public records data.