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2292 Richton Street
Detroit MI 48206 US

$199,888

Active Listing ID 20261045009
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66 bed
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22.00 Bath (22 Full)
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Lot: 0.10 Acres
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Other

$199,888

Active Listing ID 20261045009
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2292 Richton Street High-yield Detroit duplex with stable income and value-add upside. Prime investment structure: two-unit duplex (multi-family zoning) with 3-bedroom units-ideal for long-term rental demand and simple portfolio scaling. Complete renovation 2023 inside and out. Updated plumbing, electrical with new service pannels, HVAC with new furnances, all seperate utilities except one water meter that the tenants split the bill. New windows, roof & exterior siding, new decking and patios. Financial edge for buyers: lower listing price (seller motivated to move to larger multifamily) creates opportunity for immediate equity and accelerated returns through modest rent increases, expense optimization, or unit upgrades. Compare to comparables in the $250, 000+ range. Fully occupied with tenant possession and existing leases in place, delivering immediate cash flow from day one; rent reportedly includes sewer and water. Favorable operating footprint: 45 x 100 lot, paved road frontage, on-street parking and public utilities (water/sewer/cable available), simplifying management and lowering capital surprises. Solid building fundamentals: built 1923 with poured full basement (approx. 1, 045 sq ft) and updated systems possible to prioritize for value-add; duplex layout and two-story configuration support unit-level renovations and rent bumps. Tax and cost advantages: property is assessed on a special act roll and exempt from ad valorem taxes through 12/30/2027, reducing near-term tax expense and improving net operating income. Current summer and winter tax figures are listed (Summer: $1, 116; Winter: $666). Financial edge for buyers: lower listing price (seller motivated to move to larger multifamily) creates opportunity for immediate equity and accelerated returns through modest rent increases, expense optimization, or unit upgrades. Quick due-diligence wins: clear public records (property ID W08I003749S) and mapped location in Detroit (zip 48206) enable fast underwriting and neighborhood comparables. Financing

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Property Features

  • Facts
  • Lot Size: 0.10 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 22
  • Exterior Finish: Lighting
  • Roof Type: Asphalt
  • Heating Fuels: Forced Air

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 199888
  • unparsedaddress: 2292 Richton Street
  • postalcity: Detroit
  • stateorprovince: MI
  • country: US
  • postalcode: 48206
  • bathroomsfull: 22
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1
  • lotsizeunits: Acres
  • lotsizearea: 0.1
  • livingarea: 2104
  • livingareaunits: Square Feet
  • latitude: 42.387882
  • longitude: -83.112296
  • listagentfullname: Richard K Rosen
  • listagentemail: rickrosenrealtor@yahoo.com
  • listagentkey: 3yd-REALCOMPMI-137202
  • listagentmlsid: 137202
  • listagentpreferredphone: (248) 385-2328
  • listagentofficephone: 2484135201
  • listofficekey: 3yd-REALCOMPMI-388380
  • listofficemlsid: 388380
  • disclaimer: Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: REALCOMPMI
  • yearbuilt: 1923
  • listingcontractdate: 2026-07-03
  • listagentfax: 5868848065
  • listagenturl: http://freshstarthomesmichigan.com/
  • countyorparish: Wayne
  • parcelnumber: W08I003749S
  • elementaryschooldistrict: Detroit
  • middleorjuniorschooldistrict: Detroit
  • highschooldistrict: Detroit
  • constructionmaterials: Vinyl, Wood
  • heating: Forced Air
  • numberofunitstotal: 22
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • roof: Asphalt
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: Cable Available
  • exteriorfeatures: Lighting
  • architecturalstyle: Other
  • rooms: Bedroom 29, Bathroom 13, Bedroom 19, Bathroom 3, Bedroom 53, Bedroom 40, Bedroom 66, Bedroom 18, Bedroom 45, Bathroom 22, Bedroom 58, Bedroom 10, Bedroom 51, Bedroom 54, Bedroom 42, Bedroom 15, Bedroom 30, Bedroom 5, Bedroom 64, Bedroom 43, Bathroom 14, Bedroom 7, Bedroom 41, Bathroom 12, Bedroom 56, Bedroom 14, Basement, Bedroom 39, Bedroom 49, Bedroom 4, Bedroom 35, Bathroom 4, Bedroom 25, Bedroom 32, Bedroom 8, Bathroom 10, Bedroom 23, Bathroom 18, Bathroom 2, Bedroom 62, Bedroom 61, Bathroom 9, Bedroom 11, Bedroom 52, Bathroom 8, Bathroom 11, Bedroom 17, Bedroom 1, Bedroom 22, Bedroom 3, Bedroom 27, Bedroom 57, Bedroom 50, Bedroom 65, Bedroom 20, Bedroom 36, Bedroom 21, Bedroom 12, Bedroom 47, Bedroom 16, Bedroom 9, Bedroom 6, Bedroom 55, Bedroom 46, Bedroom 59, Bedroom 48, Bedroom 28, Bedroom 2, Bedroom 33, Bathroom 5, Bedroom 24, Bedroom 63, Bathroom 15, Bedroom 34, Bathroom 19, Bedroom 60, Bathroom 7, Bathroom 21, Bathroom 17, Bedroom 26, Bathroom 16, Bedroom 38, Bathroom 1, Bedroom 37, Bedroom 44, Bathroom 20, Bedroom 31, Bathroom 6, Bedroom 13
  • speciallistingconditions: Standard
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -83.1123, 42.387882
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"FS Homes Real Estate LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"rickrosenrealtor@yahoo.com", "ListBrokerageCity":"Rochester Hills", "ListBrokerageCountry":"US", "ListBrokerageEmail":"marketingfreshstarthomes@gmail.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/REALCOMPMI/7fae54d18a3511e6a55b0242ac110003/20161004132756746.png", "ListBrokerageName":"FS Homes Real Estate LLC", "ListBrokeragePhone":"(248) 385-2328", "ListBrokeragePostalCode":"48307", "ListBrokerageStateOrProvince":"MI", "ListBrokerageUnitNumber":"E Avon Rd", "ListBrokerageUnparsedAddress":"1074", "ListBrokerageWebsiteUrl":"http://freshstarthomesmichigan.com/", "ListOfficeAddress1":"1074 E Avon Rd ", "ListOfficeAddress2":"E Avon Rd", "ListOfficeBrokerMlsId":"388380", "ListOfficeCity":"Rochester Hills", "ListOfficeCountry":"US", "ListOfficeEmail":"rickrosenrealtor@yahoo.com", "ListOfficePostalCode":"48307", "ListOfficeStateOrProvince":"MI", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Other - Detroit, MI", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/2292-Richton-St_Detroit_MI_48206_M32596-17703?f=listhub&s=REALCOMPMI&m=20261045009&c=rexren", "MLSModificationTimestamp":"2026-07-19 10:30:20", "Neighborhoods":[{"Description":null, "Name":"Monterea"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1782, "TaxDescription":"PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2027. N RICHTON E 15' 79 78 MONTEREA SUB L28 P67 PLATS, W C R 8/137 45 X 100", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 7/19/2026 2:56:36 PM GMT
Source Updated Date: 7/24/2026 12:47:26 AM GMT

Courtesy of: Richard K Rosen, Fresh Start Homes, rickrosenrealtor@yahoo.com

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.