Detroit Homes under $500,000

Detroit Homes under $500,000

Welcome to the vibrant city of Detroit, Michigan, where rich history meets modern innovation. Known for its resilient spirit and cultural renaissance, Detroit is not just a hub for music and art; it’s also home to a diverse and thriving school district that prioritizes the education and development of its young minds.

The Detroit Public Schools Community District (DPSCD) serves a wide array of students, offering a variety of educational programs tailored to meet the needs of every child. With a focus on academic excellence and community engagement, the district has made significant strides in enhancing educational outcomes. Families can choose from a range of schools, including traditional public schools, magnet programs, and charter options, ensuring that every student has access to quality education.

For those considering a move to this dynamic city, you'll be pleased to know that there are beautiful homes available for under $500,000. Whether you’re searching for a charming bungalow in a historic neighborhood or a modern townhouse with contemporary amenities, Detroit’s real estate market offers something for everyone. These affordable homes provide not just a place to live, but a chance to become part of a community that is rebuilding and revitalizing.

Living in Detroit means you’ll have access to a vibrant arts scene, diverse dining options, and numerous parks and recreational activities. Plus, with the city's ongoing development projects, residents can look forward to even more opportunities for growth and enjoyment. Discover the charm of Detroit and find your perfect home today, all while ensuring your family has access to exceptional educational resources in a thriving school district!

Newest Detroit Homes under $500,000

19740 McCormick Street, Detroit
$49,000
2 Beds ⋅ 1 Baths ⋅ 20261080915 MLS ⋅ ACTIVE Status
Charming and efficient, this ranch offers comfortable single level living with great potential. Seller has completed many upgrades, such as front porch stairs and removal of large tree in back yard. Featuring 2 bedrooms and 1 full bath, this home includes a bright living area, an eat in kitchen, and a full basement with a 1 car garage. Whether you're a first-time home buyer, downsizing or looking for an investment opportunity, this well-kept property is a solid find with room to make it your own. All buyers are to be accompanied by a licensed real estate agent. Tenant occupied. DO NO DISTURB TENANTS.

19740 McCormick Street, Detroit
16242 Cheyenne Street, Detroit
$100,000
3 Beds ⋅ 1 Baths ⋅ 20261078802 MLS ⋅ COMING SOON Status
INVESTMENT OPPORTUNITY IN HARMONY VILLAGE! This well-maintained two-story Colonial, featuring a brick and vinyl siding exterior, offers an opportunity for an investor looking for an income-producing property with property management already in place. The property is currently tenant occupied on a month-to-month lease agreement, with the tenant preference to stay. Current rental income is $1,250 per month, and managed by a professional property management company. Located in Harmony Village, north of Puritan and west of Meyers, the property is conveniently situated near Renaissance High School, Cornerstone Adams-Young Elementary, DMC Sinai-Grace Hospital, shopping, dining, transportation, and other everyday conveniences. Recent improvements completed in 2025 included: renovated kitchen and bathroom and replacement of the main sewer line with a backflow preventer. The property is rent-ready and move-in ready, offering the opportunity to purchase a turnkey investment.

16242 Cheyenne Street, Detroit
17375 WASHBURN Street, Detroit
$89,900
3 Beds ⋅ 2 Baths ⋅ 20261080831 MLS ⋅ ACTIVE Status
SPRAWLING BRICK BUNGALOW HOME LOCATED NORTH OF W. MCNICHOLS AND WEST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, 2 CAR DETACHED GARAGE, INVITING LIVING ROOM, FORMAL DINING ROOM, SPACIOUS KITCHEN WITH BREAKFAST NOOK, TWO BEDROOMS AND FULL BATHROOM ON THE MAIN LEVEL, HUGE PRIMARY BEDROOM AND FULL BATHROOM ON THE SECOND FLOOR, AND AN UNFINISHED BASEMENT. BRING YOUR FINISHING TOUCHES AND ADD THIS TO YOUR INVESTMENT PORTFOLIO, FLIX AND FLIP, OR KEEP IT AS A PRIMARY! PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

17375 WASHBURN Street, Detroit
250 E Harbortown Drive, Detroit
$199,900
2 Beds ⋅ 2 Baths ⋅ 20261080800 MLS ⋅ COMING SOON Status
Enjoy comfortable condo living just steps from the Detroit Riverwalk. This third-floor, 2-bedroom, 2-bath condo features an open layout filled with natural light, a spacious living room, and a dedicated dining area. The kitchen offers granite countertops, stainless steel appliances, and ample cabinet space. The primary suite includes a walk-in closet and private bath, while the second bedroom provides space for guests or a home office. Community amenities include a fitness center, outdoor pool, shared community spaces, and secure parking. A great opportunity to enjoy low-maintenance living near Detroit’s waterfront.

250 E Harbortown Drive, Detroit
19149 Fleming Street, Detroit
$49,900
3 Beds ⋅ 1 Baths ⋅ 26053154 MLS ⋅ ACTIVE Status
Investment opportunity in Detroit! This 3-bedroom, 1-bath single-family home offers 847 sq ft of living space and plenty of potential. Conveniently located with easy access to major roads, schools, and surrounding amenities. Property is being sold As-Is. Great opportunity for an investor looking to add value and expand their portfolio. BATVAI.

19149 Fleming Street, Detroit
17152 Roselawn Street, Detroit
$335,000
4 Beds ⋅ 3 Baths ⋅ 26053155 MLS ⋅ ACTIVE Status
Step into the timeless charm and opportunity of 17152 Roselawn! Built in 1928, this Colonial/Tudor-style Detroit home showcases classic character, architectural details, and generous living space. Featuring 4 bedrooms and 3 full bathrooms, the home offers flexibility for comfortable living, guests, a home office, or multigenerational needs. Recent updates include a kitchen with granite countertops and stainless-steel appliances, along with updated bathrooms that complement the home's historic appeal. The spacious layout may offer an appealing house-hacking opportunity for an owner-occupant seeking private living arrangements, guest space, or potential rental-income options, subject to city approval, permits, licensing, building codes, zoning, and applicable regulations. Buyers should independently verify legal use and any conversion or rental requirements with the City of Detroit.

17152 Roselawn Street, Detroit
15340 Wisconsin Street, Detroit
$50,000
3 Beds ⋅ 1 Baths ⋅ 20261080154 MLS ⋅ ACTIVE Status
Long term tenant occupied paying $1050/month. They would like to stay. Price reflects conditions. Seller will offer no reductions or concessions after inspection.

15340 Wisconsin Street, Detroit
2023 Ewald Circle, Detroit
$120,000
2 Baths ⋅ 20261080756 MLS ⋅ ACTIVE Status
INVESTOR OPPORTUNITY – FULLY OCCUPIED BRICK DUPLEX! Add this income-producing Detroit property to your portfolio. Both units are currently rented at $900 per month each, generating $1,800 in gross monthly rental income. Solid brick construction with existing tenants already in place offers immediate cash flow from day one. Great opportunity for investors looking to expand their Detroit rental portfolio with a fully occupied multifamily property. Do not disturb tenants.

2023 Ewald Circle, Detroit
13377 Marlowe Street, Detroit
$85,000
3 Beds ⋅ 1 Baths ⋅ 20261080587 MLS ⋅ ACTIVE Status
Welcome to 13377 Marlowe, a classic brick colonial offering 3 bedrooms, 1 full bath and approximately 1,476 square feet of living space. The traditional two-story layout and full basement provide plenty of room and flexibility, making this a solid opportunity for a first-time homebuyer or investor looking to add value.Conveniently located near I-96 and Grand River Avenue with easy access to shopping, dining and everyday amenities. Property is owner occupied. Please do not disturb the occupants. Showings are available by request only with advance notice. Proof of funds or preapproval required prior to confirming a showing. Buyer and buyer’s agent to verify all information.

13377 Marlowe Street, Detroit
2159 Hubbard Street, Detroit
$195,000
3 Baths ⋅ 20261080321 MLS ⋅ ACTIVE Status
A standout investment opportunity in Southwest Detroit near Hubbard Farms. Don’t let the façade fool you: Behind it is a large, character-filled side-by-side duplex with the space, location, and potential to become a compelling income-producing property. It’s also an excellent opportunity to live on one side while renting the other. With two substantial three-bedroom units and a large lot, there is plenty here to work with.The original character is a major asset. Beautiful wood floors, unpainted doors, trim, mouldings, and impressive original woodwork remain throughout, offering the opportunity to renovate while preserving the details that make Southwest Detroit homes so appealing. Each unit features three bedrooms, a full bathroom, living room, dining room, kitchen, and separate basement space. The side-by-side configuration gives each unit the privacy and feel of an individual home while maintaining the income potential of a duplex.Located near Hubbard Farms and just minutes from the heart of Mexicantown, the property puts you close to some of Southwest Detroit’s best restaurants, shops, and neighborhood destinations, with quick access to Downtown Detroit and major freeways.

2159 Hubbard Street, Detroit
2517 Taylor Street, Detroit
$75,000
2 Baths ⋅ 20261080620 MLS ⋅ ACTIVE Status
Brick 6 and 6 located in an up and coming area of the West side of Detroit south of the Boston Edison Historic neighborhood.

2517 Taylor Street, Detroit
1001 W JEFFERSON Riverfront Drive, Detroit
$172,500
1 Beds ⋅ 1 Baths ⋅ 20261080716 MLS ⋅ ACTIVE Status
Experience the epitome of luxury living in this spectacular one-bedroom, one-bathroom condo, perfectly situated in a prestigious gated riverfront development. With breathtaking views of the Detroit River and Canada, this residence offers the perfect blend of comfort and convenience.Enjoy unparalleled vistas of the Detroit River and the Canadian skyline from your private balcony. Modern Living. The spacious living area is designed for both relaxation and entertainment, seamlessly connecting to a well-appointed kitchen. Convenient in-unit washer and dryer make laundry a breeze. Secure your vehicle in your own dedicated parking space within the garage.Stock up on essentials without leaving the community. Stay active with access to a state-of-the-art health club and spa, featuring modern equipment and wellness services. Dive into the indoor pool, play tennis, or unwind on the sun deck. Benefit from a private entrance to the people mover, providing easy access to the surrounding area. This condo is situated next to the new Ralph c Wilson centennial Park and also has a direct connection to the west riverfront Detroit people mover station for easy access to downtown. This condo is not just a home; it’s a lifestyle. Don’t miss your chance to experience waterfront living at its finest in this exceptional community. Schedule your viewing today!

1001 W JEFFERSON Riverfront Drive, Detroit
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