#50176420, Amber Kling, Listing Office: Sine & Monaghan Realtors LLC St Clair
5025 Somerset Ave Detroit, MI 48224
Property details
About 5025 Somerset Ave
This updated Detroit duplex offers an excellent opportunity for both investors and owner-occupants, conveniently located near downtown Detroit, major freeways, and shopping centers. The property has undergone improvements, including a brand-new roof installed between 2024 and 2025, and a new furnace and hot water tank set to be installed before the appraisal in 2025. Updates extend throughout the home, featuring newly installed electrical and PVC plumbing systems completed in 2024. Each unit comes equipped with brand-new appliances, including a refrigerator, stove, oven, and range microwave, providing added convenience for tenants. A recently added privacy fence enhances outdoor comfort and security. The duplex brings in $700 per month with the upper one-bedroom unit renting and the lower two-bedroom unit brings in $1,200 per month. With all major systems updated and solid rental income history, this turnkey property is a smart, low-maintenance investment in one of Detroit’s resurging neighborhoods.
Highlights
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
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Last updated on: 6/1/2025, 10:20:32 AM 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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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 majority of Detroit, MI residents have income less than $<35k annually. The majority of families are single, with kids. The most common level of education of people living in this area is high school diploma.
Similar homes for sale
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 93 listings in Detroit, MI in April 2025 were sold above asking price, there were more than 85 listings sold at asking price, and more than 216 were sold below. The number of listings in Detroit, MI increased by 13.4% between March and April 2025. In April 2025 median list price was $90,000 and the average listing age was 47 days.