$5,047 Closing Credit¹
#20240085916, LaKisha M Dansby, Listing Office: KW Metro
$349,900 List price
5183 Pennsylvania St Detroit, MI 48213
$4,155
Closing credit¹
4 full
3,534 sqft
0.10 acres
$99 / sqft
Multi-Family
Property details
About 5183 Pennsylvania St
Discover this beautifully updated four-family flat that blends classic Detroit characters with modern upgrades. Each unit has been thoughtfully renovated, featuring sleek contemporary kitchens, stainless steel appliances, updated bathrooms, and sun-drenched living spaces that feel like home. Appraised well over asking at $420,000 Monthly Gross Rent: $3,975 ($1,025 + $950 + $950 + $1,050) Water: $1,100/year Taxes: Under $1,000/year Maintenance: Estimated $1,000/year Current Net Operating Income (NOI): ~$44,900 Current CAP Rate: ~10.7% Each unit is separately metered, tenants pay their own gas and electric, and there's off-street parking, a shared backyard, and strong curb appeal that’s rare to find at this level of finish. Upside Potential? Rents are solid now but under the market for updated 2-bed units in the area. With strategic rent increases over time or short-term rental opportunities, your cash flow could go from good to great. Whether you're an investor looking to grow your portfolio or a savvy buyer ready to live in one unit and let the others pay the mortgage — this one checks every box.
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusAccepting Backup Offers
Size3,534 sqft
Lot size0.1 Acres
Year built1925
ParkingTwo Car Garage
MLS #20240087709
Garage2 spaces
Summary
- MLS Number: 20240087709
- MLS Name: Realcomp II Ltd
- Office Name: KW Metro
- Office Phone: (248) 288-3500
- Listing Agent: Elijah Cook
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: 4/26/2025, 2:11:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$349,900
5183 Pennsylvania St
$4,155
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $700 | $61 |
| 2023 | $700 | $61 |
| 2022 | $700 | $89 |
| 2021 | $700 | $89 |
| 2020 | $700 | $- |
History based on county public records data.
Nearby schools
2
Oakland International Academy Elementary School
Public Charter 2-4
2.2 mi
•4001 Miller St
3
Bridge Academy East
Public Charter PK-5
2.6 mi
•9600 Buffalo St
3
Dickinson East Elementary School
Public District KG-6
2.8 mi
•3385 Norwalk 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 $30,122. Most Detroit, MI residents have annual incomes less than $<35k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
54%
<35k
38%
35k-100k
8%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
70%
Single, No Kids
19%
Single, with Kids
8%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
7%
12-17 yrs old
22%
18-34 yrs old
34%
35-64 yrs old
24%
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
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Boston Market
Little Caesars
What do the neighbors drive?
Kia
Honda
Dodge
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 5183 Pennsylvania St in Detroit, MI and zip code 48213 in the Lower East neighborhood. This 3,534 square foot home, which was built in 1925, sits on a 0.10 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since December 3, 2024 and is currently priced at $349,900.
While more than 91 listings in Detroit, MI in March 2025 were sold above asking price, there were more than 81 listings sold at asking price, and more than 203 were sold below. Between February and March 2025, Detroit, MI real estate market has seen increase in the number of listings by 14.9%. In March 2025, listings were on the market for 51 days. During the same period, the median list price in this real estate market was $89,542.
From Rocket Homes Real Estate and based on county public records data.