$374,900

1094 Waterman Street, Detroit, MI 48209

Multi-Family Home
Built in 1925
6,098sqft lot
—— car garage
$——/sqft
Listed 18 days ago

Property Description

Prime Southwest Detroit Investment Opportunity! This fully occupied 4-unit brick multifamily building offers strong, consistent rental income with a desirable mix of spacious 2- and 3-bedroom units. Each unit features both front and rear private entrances, adding convenience and tenant appeal, along with shared basement space for additional storage and functionality.Recent capital improvements include a newer roof, updated windows, and select mechanical upgrades, providing peace of mind and reduced maintenance costs for the next owner. The sale also includes the adjacent lot, offering ample off-street parking in addition to street parking--an exceptional value-add in this area.Located in Southwest Detroit, this property benefits from strong rental demand, proximity to major thoroughfares, local dining, shopping, and employment hubs. Ideal for both seasoned investors and those expanding their multifamily portfolio, this income-producing asset delivers immediate cash flow.

Listing Status:: Active
Data Last Updated:: February 15, 2026 at 12:46PM
Listing Office:: @properties Christie's Int'l : 248-218-0234
Listing Agent:: Randi Brandt-Alves : 810-923-0245
MLS ID:: 70512957

Heating: Forced Air

General: BrickBasement

Road/Access: City/County
Originating MLS: MiRealSource
School District: Detroit City School District
County: Wayne

Zoning: E WATERMAN 15 S 10 FT 14 KAIERS SUB L28 P78 PLATSW C R 18/265 40 X 157.50

Source: MiRealSource

This listing courtesy of Randi Brandt-Alves , @properties Christie's Int'l

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Roberto Clemente Learning Academy

1551 Beard St, Detroit, MI, 48209

Grades PK-5

0.30 miles away

Neinas Dual Language Learning Academy

6021 McMillan St, Detroit, MI, 48209

Grades PK-8

0.66 miles away

Western International High School

1500 Scotten St, Detroit, MI, 48209

Grades 9-12

1.23 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.