3222 Richton Street, Detroit, Michigan 48206

$150,000

Property Details

MLS#: 20261024060
Bedrooms: 6
Bathrooms: 2
Square Feet: 2,750
Price per Sqft: $55
Lot Size: 0.1 acres
Year Built: 1926
Property Type: Residential
Status: Active
Days on Market: 144

Market Analysis

Estimated Value (CMA): $280,500
Area Avg Price/Sqft: $89
This Property: $55/sqft ($34 below area average)
Price Position: -39.0% vs comparable homes
Comparable Properties Analyzed: 3

Description

Prime multifamily investment opportunity located in Detroit’s historic and rapidly stabilizing Dexter Linwood neighborhood, an area rich in cultural history, architectural character, and now experiencing a meaningful wave of reinvestment. This classic brick multifamily property offers spacious units, strong rental demand, and significant upside as surrounding development continues to gain momentum. Known for its early 20th century duplexes and apartment buildings, Dexter Linwood has long been a hub of Detroit’s residential density and community life. Today, that legacy housing stock is being revitalized through both public initiatives and private investment, making it an increasingly attractive target for investors seeking value and appreciation. A transformative investment is bringing new retail pop-ups, facade improvements, public art, and a redesigned streetscape to nearby Dexter Avenue, enhancing walkability and economic activity. Property is 1 of 11 in a portfolio being sold all within the Downtown Area. Buy 1 or as many as you would like. MLS#s for the other 10 properties: 20261015005, 20261015035, 20261015052, 20261015057, 20261015574, 20261015576, 20261015577, 20261015583, 20261015586, 20261015683

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 3222 Richton Street?

3222 Richton Street is listed at $150,000, or $55 per square foot.

How many bedrooms does 3222 Richton Street have?

This property has 6 bedrooms and 2 bathrooms, with 2,750 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 484-4696

Email: info@sonicrealty.com

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