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Street View
$115,000
Monthly Est:$572
-- Bed
3 Baths2 full baths + 1 half bath
2,600sqft
1014 Waterman St, Detroit, MI 48209
$115,000
$572/moEst:
Get Pre-Approved
Multi Family
Built in 1915
$-- HOA
0.11 acre lot
$44/sq.ft
Description
INVESTOR SPECIAL – HUGE VALUE-ADD OPPORTUNITY! This 2-unit multifamily duplex is priced to sell at $125,00 As-is and ready for someone to maximize on profits and with vision to bring it back to life. Both units are in need of TLC and updating, making this an excellent opportunity for an investor looking to renovate, build equity, and maximize future rental or resale potential.
Priced over 50% (As-Is)below updated multifamily properties in the area, there is plenty of room to add value through improvements. Renovate and hold for rental income, explore a house-hack opportunity, or reposition for resale. Bring your contractor, your creativity, and your vision — the potential is here! A great opportunity to breathe new life into this property and turn it into something special.
- Houzeo last checked: 1 minute ago
- Listing updated: November 9, 2026 at 3:47 pm
- Listing Provided by: Candace Kiminaia Sawa (248) 965-0575 | ICON Realty Experts, LLC (248) 985-9961
- Source: Realcomp MLS-MI | MLS#: 20261074154
- Originating MLS: Realcomp II Ltd
This condo is in:
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1915
HOA Fees
-
Finished Area
2,600 sqft
Lot Size
0.11 acre lot
Basement Area
- sqft
MLS Name
Realcomp MLS
MLS Number
20261074154
MLS Status
Active
Days on Market
56
Cumulative Days on Market
53
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathrooms: 3
Interior
Sewer
Public Sewer
Heating
Forced Air, Natural Gas
Construction
Year Built
Year Built: 1915
Home type
Multi Family
Architectural Style
Duplex
Construction Materials
Brick
Foundation Details
Basement, Poured
Utilities & Energy
Basement
Unfinished
Water Source
Public
Pool Features
None
Other Features
Subdivision Name
Kaiers Sub Of Lts 16 Thru 29
Disclosures
Projected Income, Taxes Not Homestead Exempt
Price History
| Date | Event | Price |
|---|---|---|
11/09/2026 Source: | Price Decreased | $115,000 -8.00% $44/sqft |
10/23/2026 Source: | Price Decreased | $125,000 -13.79% $48/sqft |
10/20/2026 Source: | Price Decreased | $145,000 -9.32% $56/sqft |
09/17/2026 Source: | Listed for Sale | $159,900 $62/sqft |
Southwest Detroit Ranks #58 in Detroit, MI
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Based on information from the Board/Association of REALTORS® (alternatively, from the Realcomp II Ltd. MLS) through Nov 10, 2026, 04:15PM. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. IDX provided courtesy of Realcomp II Ltd. via Andover Real Estate & Houzeo, Copyright 2026 Realcomp II Ltd. Shareholders Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listing Information presented by local MLS brokerage: Andover Real Estate, local REALTOR®- Scott Rubin - (248)206-3666 . Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. © 2024 Realcomp II Ltd. MLS. All Rights Reserved.
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