New - 3 days on Rocket
$1,585 Closing Credit¹
#81025008298, Terrence Lotts, Listing Office: Century 21 Curran & Oberski
$130,000 List price
5530 Grayton St Detroit, MI 48224
$1,544
Closing credit¹
3 beds
1 full, 1 partial
1,420 sqft
0.1 acres
$92 / sqft
House
Property details
About 5530 Grayton St
Charming 3-bedroom, 1.5-bath home nestled in the sought-after English Village neighborhood! Spanning 1,420 sq. ft., this property presents a fantastic investment opportunity as a Section 8 rental, currently generating $1,400 per month in guaranteed income. Featuring a spacious layout, this well-maintained home provides tenants with both comfort and convenience. Located in a high-demand rental market, it offers strong potential for steady returns. Professionally managed by a trusted property management company. Don't miss out on this income-producing opportunity!
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
Size1,420 sqft
BasementYes
Lot size0.13 Acres
Year built1930
ParkingDetached, Paved
MLS #81025008279
Garage1 space
Summary
- MLS Number: 81025008279
- MLS Name: Greater Metropolitan Association of REALTORS
- Office Name: Detroit Metro Realty
- Office Phone: (313) 488-5585
- Listing Agent: Kingsley Ifezue
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: 3/10/2025, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$130,000
5530 Grayton St
$1,544
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 25, 2017 | Home Sold | $60,000 |
| Jan 11, 2016 | Home Sold | $28,000 |
| May 13, 2004 | Home Sold | $118,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $52,800 | $1,361 |
| 2023 | $42,100 | $1,361 |
| 2022 | $32,200 | $740 |
| 2021 | $19,900 | $740 |
| 2020 | $19,100 | $1,290 |
| 2018 | $13,300 | $1,290 |
| 2017 | $11,900 | $1,283 |
History based on county public records data.
Nearby schools
1
Marvin L Winans Academy Elementary School
Public Charter KG-5
0.8 mi
•9740 McKinney St
1
Wayne Elementary School
Public District PK-5
1.2 mi
•10633 Courville St
1
Distinctive College Preparatory
Public Charter KG-6
1.4 mi
•19360 Harper 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 $53,472. The most common annual income of people living in Detroit, MI is between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
26%
<35k
51%
35k-100k
15%
100k-200k
8%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
42%
Single, No Kids
19%
Single, with Kids
23%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
9%
12-17 yrs old
20%
18-34 yrs old
46%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
Burlington
Foot Locker
Ross Dress For Less
Where do the neighbors go to eat?
White Castle
Little Caesars
Jack In The Box
What do the neighbors drive?
Kia
Dodge
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 5530 Grayton St
This home is located at 5530 Grayton St in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 1,420 square foot home, which was built in 1930, sits on a 0.13 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 6, 2025 and is currently priced at $130,000.
While more than 68 listings in Detroit, MI in February 2025 were sold above asking price, there were more than 60 listings sold at asking price, and more than 203 were sold below. In February 2025 in Detroit, MI there were 7% more homes for sale than in January. In February 2025 median list price was $88,760 and the average listing age was 59 days.
From Rocket Homes Real Estate and based on county public records data.