48202 Homes under $500,000

48202 Homes under $500,000

Welcome to the vibrant and historic community of Detroit, Michigan, specifically the 48202 zip code! Nestled in Wayne County, this area is a treasure trove of cultural diversity and urban charm, making it an exciting place to call home. Known for its rich musical heritage and innovative spirit, Detroit is experiencing a remarkable renaissance, and the 48202 zip code is at the heart of it all.

One of the most appealing aspects of this area is the availability of homes under $500,000. Whether you’re a first-time homebuyer, a growing family, or someone looking to invest, 48202 offers a variety of options to suit your lifestyle and budget. From charming bungalows to modern townhouses, you’ll find properties that reflect the unique character of Detroit while providing the comfort and amenities you desire.

Living in 48202 means you’re just moments away from a thriving arts scene, delicious dining options, and beautiful parks. Enjoy a stroll through the historic neighborhoods, where you can admire stunning architecture and lush landscapes. With the Detroit Institute of Arts and the Detroit Historical Museum nearby, you’ll never run out of cultural experiences to enjoy.

Moreover, the community is well-connected with public transportation, making commuting a breeze. With its affordable housing market and rich community life, the 48202 zip code stands out as an exceptional place to invest in your future. Discover your dream home in Detroit today and be a part of this exciting transformation!

Newest 48202 Homes under $500,000

427 Melbourne, Detroit
$220,000
5 Beds ⋅ 3 Baths ⋅ 20261079658 MLS ⋅ ACTIVE Status
Discover this fully renovated five-bedroom, two-and-a-half-bath home at 427 Melbourne in Detroit’s North End, just off the Woodward Corridor. Refinished original hardwood floors lead into a totally renovated kitchen with quartz countertops and new stainless appliances—including a gas range, fridge and dishwasher—and fully updated bathrooms with clean, classic finishes. Five bedrooms offer flexibility for work, guests or studio space. A new back porch and fenced yard add welcome outdoor living. Walk to neighborhood favorites like The Schvitz, Hot Bones, Milwaukee Caffe, Kiesling, Supino, MJ’s Ice Cream, Oak & Reel and Freya. Fun fact: the North End once marked the northern edge of Detroit’s historic Paradise Valley, a renowned center of music and nightlife.

427 Melbourne, Detroit
515 Mount Vernon Street, Detroit
$299,995
4 Beds ⋅ 2 Baths ⋅ 20261078781 MLS ⋅ ACTIVE Status
Wonderfully renovated 4 bed, 2 bath, 1,718 sqft home at 515 Mt Vernon St, Detroit! This charming colonial has been thoughtfully updated with brand new windows throughout, fresh new carpet, and beautifully refinished hardwood floors — including a finished attic with a brand new full bath. Bright and clean with modern finishes — a great opportunity to own a fully refreshed home in the city. Set on a quiet, tree-lined street with quick access to I-75 and the Lodge Freeway, minutes from downtown, Midtown, shopping, and dining. New furnace, hot water tank, and AC to be installed by closing!

515 Mount Vernon Street, Detroit
300 E Euclid Street, Detroit
$250,000
3 Beds ⋅ 2 Baths ⋅ 20261078135 MLS ⋅ ACTIVE Status
Charming and beautifully updated home with inviting curb appeal, featuring a front picket fence, covered front porch, and beautiful landscaping. The bright living room offers large windows providing ample natural light, while the formal dining room is a welcoming space for meals or having guests over. The updated kitchen features granite countertops, open shelving, lower cabinetry, stainless steel appliances, and a convenient eat-in area. Upstairs, you’ll find 3 generous bedrooms, including a spacious primary bedroom with 3 closets and a comfortable sitting area. Hardwood floors, neutral paint, and thoughtful updates throughout create a warm, move-in-ready feel. The fenced backyard offers a shaded patio, perfect for relaxing or entertaining outdoors. Conveniently located near Midtown and Wayne State University, with Downtown Detroit just minutes away. An excellent opportunity for an owner-occupant or investor looking for a rental property. This well-maintained home is in a convenient location and won’t last long. Schedule your private showing today.

300 E Euclid Street, Detroit
7409 2nd Avenue, Detroit
$150,000
1 Beds ⋅ 1 Baths ⋅ 20261076908 MLS ⋅ ACTIVE Status
Detroit's leading home seller presents this historic top floor corner condo in the Fisher Kahn building, a fully furnished one bedroom, one bath home where century-old character, sun-filled rooms, and an unbeatable New Center address come together just steps from the iconic Fisher Building. Walk into a bright, airy living room where a wall of windows pours natural light across original hardwood floors, while classic trim, detailed molding, and high ceilings give the space a timeless, open feel. The living area flows easily into a spacious dining room with plenty of room for a full table and more of those lovely original details. The kitchen is efficient and well laid out, offering stainless steel appliances, generous cabinet space, a convenient laundry area, and a back door to an outdoor stairway that leads right down to the parking lot. The bedroom is a comfortable retreat with a large window and closet space, and a full bath sits nearby. Step out onto the covered balcony, a perfect spot for morning coffee or unwinding in the evening while overlooking the beautifully landscaped courtyard below. Residents share access to that peaceful courtyard, a green escape surrounded by the building's historic brick architecture. All furniture is included, making this a truly move-in ready opportunity. One assigned parking space keeps life easy, and the association fee covers grounds maintenance, trash, and water. Live in the heart of New Center near Grand Blvd and Woodward Ave, with the QLine, Henry Ford Hospital, Midtown, and some of Detroit's favorite restaurants and cultural spots all close by. Welcome Home!

7409 2nd Avenue, Detroit
840 Pingree Street, Detroit
$284,000
4 Beds ⋅ 3 Baths ⋅ 20261078058 MLS ⋅ ACTIVE Status
Piety Hill Duplex. 5 bedroom 3 bath upper and lower units. Lower unit is a 2 bedroom 1 bath with a deck off the back. Upper level is a 2 bedroom 1 bath with a deck off the back. Loft includes a bathroom. Parking is in the rear of the home off the ally. Upper level is vacant and the lower level is currently tenant occupied.

840 Pingree Street, Detroit
903 Burlingame Street, Detroit
$309,900
4 Beds ⋅ 3 Baths ⋅ 20261066668 MLS ⋅ ACTIVE Status
Freshly updated and filled with natural light, this spacious Woodward Village home offers a clean, modern feel with room to make it your own. The open main level features warm wood engineered flooring, a bright living room with fireplace, formal dining space, and the star of the floor plan: an open and updated kitchen with white shaker cabinetry, and peninsula with a statement range hood. A spacious rear family room adds even more flexibility for everyday living and entertaining. Upstairs, find 4 bedrooms, 2 full baths, including a large primary bedroom suite. Contemporary finishes continue throughout the bathrooms, including stylish tile. With a refreshed interior, flexible floor plan, and multiple living spaces, 903 Burlingame brings together classic Detroit character and modern updates. Located in an NEZ-Homestead tax abatement district, enjoy a discount on taxes as an owner-occupant. Fully updated with new electrical, plumbing, heating and cooling, roof, exterior, kitchen, baths and flooring. Full-gut renovation. Brand new water heater, furnaces, ductwork and central air condenser will be installed prior to the closing.

903 Burlingame Street, Detroit
7750 3rd Street, Detroit
$119,900
2 Beds ⋅ 2 Baths ⋅ 20261076016 MLS ⋅ ACTIVE Status
FULLY RENOVATED, MOVE-IN READY, 2-STORY RESIDENCE | 1,086 SF | PRIVATE GATED PARKING + IN-UNIT LAUNDRY + STORAGE A distinctive, turnkey home for the buyer who values space, character, location, and quality, in a centrally located desirable neighborhood. This beautifully renovated residence offers the feel and privacy of a small townhouse, with the convenience of condo living. Located in one of New Center’s historic buildings, this home offers a modern, high-end upgrade, designed for comfortable everyday living. The main level features an open plan - living and dining area flowing into a large updated kitchen, along with a half bath. A spiral staircase connects to the private upper level, where you’ll find a spacious primary with walk-in closet, full bath with a ceramic tile shower and in-unit Miele washer/dryer. The second bedroom features a custom closet system, offering plenty of storage. LOCATION: Ideally positioned in New Center near Henry Ford Health, WSU, CCS, Midtown, the Fisher Theatre, and downtown Detroit. Convenient location for those who want a distinctive home close to work, culture, dining and entertainment. WHY THIS HOME?: It is larger than many of the smaller condos competing in this price range. The two-story layout creates separation between living and sleeping spaces, while the updates, private parking, in-unit laundry, and character, provide amenities rarely found at this price. THE BUILDING & AMENITIES: Historic building with just 10 residences - a private setting. The monthly HOA of $925 includes heat, water, building maintenance, insurance, lawn/snow, secure entry, gated parking and basement storage. The building was updated with a new roof and gutters (2025), and hot water heater (2026). More improvement projects forthcoming - no outstanding or planned special assessments. Buyers: evaluate the complete monthly carrying cost rather than comparing HOA fees alone. **note 2026 SEV $79,800 = taxes approx $4500 per year with NEZ-Homestead BATVAI

7750 3rd Street, Detroit
700 W Euclid Street, Detroit
$325,000
5 Beds ⋅ 3 Baths ⋅ 20261075182 MLS ⋅ ACTIVE Status
Turnkey and fully renovated, this spacious 5-bedroom, 2.5-bath brick home brings classic character and modern updates together near Detroit’s Virginia Park and New Center neighborhoods. With more than 2,500 square feet of living space, the home offers plenty of room to spread out, including a bonus room that can serve as an office, playroom or game room. The updated kitchen features white cabinetry with glass-front accents, stainless steel appliances, pendant lighting and a peninsula for additional seating and prep space. Upstairs, you’ll find four bedrooms and a full bath with a double vanity. The third floor is dedicated to the primary suite, complete with vaulted ceilings and a private bath featuring a freestanding tub and walk-in shower. A sunroom, covered front porch, fenced front yard and full basement provide even more usable space. Conveniently located near New Center, Midtown, Henry Ford Hospital, Wayne State University and the Lodge Freeway, this move-in-ready home offers space, character and easy access to the city.

700 W Euclid Street, Detroit
411 Hague Street, Detroit
$129,000
4 Beds ⋅ 2 Baths ⋅ 20261075098 MLS ⋅ ACTIVE Status
Discover the potential of this classic 4-bedroom, 1.5-bath brick home in Detroit’s historic North End neighborhood. The home offers distinctive architectural character, including a turret-style bay, covered front porch, generous windows, a formal dining room and a spacious kitchen. With four bedrooms and a flexible interior layout, this property provides an excellent opportunity for an owner-occupant or investor ready to restore and personalize a well-located Detroit home. Conveniently situated near New Center, Midtown, the Woodward Avenue corridor and the QLINE, the property offers easy access to dining, entertainment, cultural attractions and major commuter routes. Looking for additional outdoor space? The seller also owns the adjacent vacant lot and is willing to sell it separately. The additional parcel could provide opportunities for an expanded yard, garden, recreational area, off-street parking. The adjacent lot is not included in the listed sale price. Schedule your showing and explore the possibilities! BATVAI prior to submitting an offer. A license realtor must be present at all showings and inspections.

411 Hague Street, Detroit
15 E Kirby Street, Detroit
$249,900
1 Beds ⋅ 2 Baths ⋅ 20261074855 MLS ⋅ ACTIVE Status
Experience iconic Detroit architecture and effortless urban living in this 8th-floor residence at the historic Park Shelton. Spanning 860 square feet, thisspacious 1-bedroom, 1.5-bath condo seamlessly blends historic character with thoughtful updates. Charm awaits as you step inside the gorgeousairy apartment and experience the original wood flooring throughout an open, high-ceilinged, light-filled layout. Positioned facing west directly overWoodward Avenue, the unit features brand-new windows framing stunning sunset views and sweeping vistas of Detroit’s skyline. Enjoy completepeace of mind with key updates including a new roof and central AC system. Expect unmatched convenience with an all-inclusive monthly HOAcovering all utilities, 24/7 security, front desk concierge, on-site management and maintenance, internet, parking dues, roof assessment and garageelevator assessment. Building amenities include a fitness center and sauna, a spectacular rooftop terrace with panoramic city views, community laundry facilities,and on-site dry cleaning services. Unit also features a deeded parking space in adjacent parking structure with its' own tax ID number:W01I004236S082. Additional storage unit in basement of building. Located directly on the QLINE transit route, you are steps from Detroit's top culturalinstitutions, including the Detroit Institute of Arts, Michigan Science Center, Detroit Public Library, Wayne State University, and the Center for CreativeStudies. Walk out your front door to vibrant dining, local boutique shopping, live entertainment, and quick access to all major expressways. This lovelyunit has it all and is waiting for you to make your move!

15 E Kirby Street, Detroit
308 Mount Vernon Street, Detroit
$425,000
3 Beds ⋅ 3 Baths ⋅ 26049288 MLS ⋅ ACTIVE Status
Brand new construction home in the North End! Open concept living, dining, kitchen on the first floor. Large kitchen with island and bar seating, quartz countertops, quartz backsplash, quartz waterfall edges on island, and stainless steel appliances. Living room has an electric fireplace. Dining room in the back of the home with sliding glass doors that lead to the backyard. A mudroom and powder room round out the first floor. The second floor has 3 bedrooms and 2 full bathrooms, including a primary suite, and laundry. Each bedroom is complete with large closets, ceiling fans, and large windows with excellent natural light. Central air throughout the home. Outside of the home is a backyard and a 2 car garage. Walking distance to the Detroit People's Food Cooperative, Schvitz Health Club, See You Tomorrow cafe, transit options on Woodward Ave, and retail along East Grand Blvd and New Center. Eligible for the NEZ Homestead tax abatement.

308 Mount Vernon Street, Detroit
901 Chicago Street, Detroit
$375,000
4 Beds ⋅ 3 Baths ⋅ 50221963 MLS ⋅ ACTIVE Status
THIS IS A FANNIE MAE HOMEPATH PROPERTY. SPECTACULAR 3 STORY COLONIAL LOCATED IN HISTORIC BOSTON - EDISON DISTRICT. HOME HAS BEEN EXTENSIVELY REMODELED WITH NEWLY REFURBISHED BATHROOMS, , 2024 VINYL WINDOWS, GOURMET KITCHEN, NEW FLOORING, AND 3 ( 2025) CENTRAL AIR UNITS. 3 FIREPLACES, 2ND STORY BALCONY DECK, SUN ROOM LIBRARY / STUDY AND MORE. HOME SHOWS WELL AND HAS A GREAT LOCATION IN VOIGHT SUBDIVISION. IMMEDIATE OCCUPANCY AVAILABLE.

901 Chicago Street, Detroit
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