48206 Homes under $250,000

48206 Homes under $250,000

Welcome to the vibrant and historic neighborhood of Detroit, Michigan, nestled within the 48206 zip code! This charming area, located in Wayne County, offers a unique blend of urban convenience and rich cultural heritage. With a diverse community and a variety of amenities, it’s an ideal place for families, young professionals, and anyone looking to immerse themselves in the heart of Detroit.

One of the most appealing aspects of the 48206 area is the affordability of homes. Here, you can find a selection of delightful properties listed under $250,000, making it an attractive option for first-time homebuyers or those seeking an investment opportunity. These homes often feature classic Detroit architecture, with many showcasing beautiful details and spacious layouts that reflect the city’s storied past.

Living in 48206 means you’re just a stone's throw away from the city’s bustling downtown, where you can enjoy an array of dining, shopping, and entertainment options. From the vibrant art scene to the historic venues that host live music, there’s always something happening nearby. Plus, with easy access to major highways and public transportation, commuting to work or exploring the greater Detroit area is a breeze.

Whether you’re looking to settle down or invest in a rental property, the homes in the 48206 zip code offer incredible value and potential. Embrace the charm of Detroit and discover your dream home in this dynamic neighborhood today!

Newest 48206 Homes under $250,000

9501 McQuade Street, Detroit
$140,000
2 Baths ⋅ 20261076556 MLS ⋅ ACTIVE Status
Discover the potential of 9501 McQuade St, Detroit, MI! This two-family apartment features an upper and lower unit, each offering three bedrooms and providing a versatile opportunity for investors or owner-occupants. Built in 1923, this property offers classic character with the flexibility of two separate living spaces. Conveniently located in Detroit, this property is ready for its next chapter. Schedule your showing today and explore the possibilities this multi-family property has to offer!

9501 McQuade Street, Detroit
3327 Virginia Park Street, Detroit
$139,000
3 Beds ⋅ 1 Baths ⋅ 20261079203 MLS ⋅ ACTIVE Status
CASH FLOWING RENOVATED PROPERTY on Detroit's west side. Great proximity to UD Mercy, Marygrove, The Avenue of Fashion, Midtown and the retail and services of Royal Oak and Ferndale. Roof, windows, systems, HVAC, floors- all updated in the past five years and well maintained. Appliances including washer/dryer included with sale. This is a hold opportunity with little to do but watch the equity grow. You're not just getting a great property in a desirable location, you are getting excellent tenants on a one year lease THROUGH MARCH 2027 that cover utilities and yard maintenance. BATVAI- Room sizes estimatedNo Land Contract option

3327 Virginia Park Street, Detroit
2980 Hazelwood Street, Detroit
$239,999
4 Baths ⋅ 20261076419 MLS ⋅ ACTIVE Status
2980 Hazelwood is more than a remodeled duplex—it’s a turnkey brick two-unit offering two spacious, hard-to-find 3-bedroom, 2-full-bath residences. Ideal for an owner-occupant or investor, the extensive renovation includes a newer roof, windows, electrical, plumbing, sewer line (2026), insulation, separate HVAC systems and hot water tanks, LVP flooring, fresh paint and modern fixtures throughout. Each unit features a private entrance, white shaker cabinetry, tile backsplash, gas stove, updated bathrooms and a brick fireplace. Both units are vacant and move-in ready, offering the flexibility to place tenants or occupy one unit while renting the other. The 1,027-square-foot unfinished shared basement provides laundry and additional storage space, while a first-floor porch and upper-level deck/patio add outdoor living space. Zoned multifamily with major improvements already completed, this property is ready for its next owner. Schedule your showing today!

2980 Hazelwood Street, Detroit
3808 Monterey Street, Detroit
$235,000
6 Beds ⋅ 2 Baths ⋅ 20261078472 MLS ⋅ ACTIVE Status
DON’T MISS THIS FULLY UPDATED 2-UNIT MULTIFAMILY! Each unit features 3 spacious bedrooms and has been renovated from top to bottom with modern finishes throughout. Updates include two new furnaces, two new hot water tanks, all-new windows and doors, brand-new flooring with plywood underneath, fresh paint, recessed lighting, and updated bathrooms. Whether you’re an investor looking for a turnkey rental opportunity or an owner-occupant looking to live in one unit and rent the other, this property is move-in ready and full of potential. Updated. Turnkey. Ready for its next owner!

3808 Monterey Street, Detroit
1728 Pingree Street, Detroit
$240,000
6 Beds ⋅ 4 Baths ⋅ 20261077616 MLS ⋅ ACTIVE Status
Fully renovated duplex located on a desirable corner lot of Virginia Park Community, right on Rosa Parks Dr, directly across from a shopping center, walking distance from Joseph Walker Williams Recreation Center, and just minutes from Downtown Detroit and Wayne State University, offering an incredible opportunity for both owner-occupants and investors alike. Whether you are looking to house hack by living in one unit and renting the other, generate high rental income, or expand your investment portfolio, this property combines modern updates, functionality, and a prime location in one of Detroit’s growing areas. Both units feature spacious open-concept living and dining areas filled with natural light, 1.5 bathrooms for added convenience,3 bedrooms each, beautiful bamboo flooring in the upper unit and ceramic on lower unit throughout, brand-new drywall, modern light fixtures, and completely remodeled bathrooms with ceramic tile flooring and beautifully tiled showers. Major updates include new windows, a new roof, and newly rebuilt wood porches and rear decks that add both charm and outdoor living space. This turnkey multifamily property is a rare opportunity to own a stylishly updated duplex in a highly convenient location close to shopping, dining, entertainment, and major Detroit attractions. Schedule your showing today! All measurements are estimated. Property is under surveillance. BATVAI NO land contract or seller financing.

1728 Pingree Street, Detroit
2308 Calvert Street, Detroit
$219,000
2 Baths ⋅ 20261073929 MLS ⋅ ACTIVE Status
Remarks: NEW OWNER HAS SPARED NO EXPENSE TO COMPLETELY RENOVATE THIS 2 FLAT HOME. NEW WINDOWS & ENTRY DOORS HAVE BEEN INSTALLED ALONG WITH STEEL SECURITY DOORS. BATHROOM AND KITCHEN HAVE BEEN COMPLETELY UPDATED IN BOTH FLATS. BOTH KITCHENS HAVE ALL NEW CABINETS, COUNTERS, FLOOR, SINK, REFRIGERATOR AND STOVE. NEW CERAMIC TILE SHOWER , FLOOR ,TOILET AND VANITY. LIVING AND DINING AREAS ARE EXCEPTIONALLY LARGE. HARDWOOD FLOORS THROUGHOUT. TENANTS HAVE ACCESS TO A PORTION OF THE BASEMENT FOR STORAGE. THIS IS A VERY LARGE 3590 SQ/FT HOME. EACH UNIT IS 1750 SQ/FT. BOTTOM FLAT IS LEASED. UPPER UNIT READY FOR OWNER OCCUPANT OR LEASE. THIS OWNER IS MAKING LIVING IN DETROIT AN ENJOYABLE EXPERIENCE. CLOSE TO FREEWAYS, BUS LINES, SHOPPING AND THE BOSTON EDISON HISTORIC DISTRICT. SEPARATE ELECTRIC AND GAS METERS. WASHER/DRYER HOOKUPS AVAILABLE IN BASEMENT. BATVAI. ALL APPTS WILL BE SCHEDULED WITH THE PROPERTY MANAGER.

2308 Calvert Street, Detroit
3303 Lawrence Street, Detroit
$229,900
5 Beds ⋅ 3 Baths ⋅ 20261078178 MLS ⋅ ACTIVE Status
Welcome to 3303 Lawrence St, a beautifully positioned brick Colonial offering approximately 2,680 square feet of living space, five bedrooms, and 2.5 baths in Detroit's Dexter-Linwood area. Built in 1923, this spacious home combines classic character with an expansive floor plan. The main level offers a welcoming living room with a classic fireplace, a convenient half bath, and access to the covered front porch. The second floor features four bedrooms and a full bath, while the third floor provides a spacious primary suite with its own private bathroom. The home also includes an unfinished basement for additional storage and utility space. Situated on a 35 x 127.25-foot lot with brick exterior construction, this property offers substantial living space and historic Detroit character. Schedule your showing today.

3303 Lawrence Street, Detroit
3304 Clairmount Street, Detroit
$167,500
2 Baths ⋅ 20261077951 MLS ⋅ ACTIVE Status
LOCATED 6 MINUTES FROM THE HISTORIC BOSTON EDISON DISTRICT, YOU WILL 3304 CLAIRMOUNT NESTLED ON A 3,398 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL HAS A BRAND NEW TEAR OFF 40 YEAR CROWN ROOF, GUTTERS, TRIM AND CONSISTS OF 2 RECENTLY REMODELED SPACIOUS UNITS. EVERY WINDOW HAS BEEN UPGRADED WITH TOP OF THE LOW E MAINTENANCE FREE APPOINTMENTS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS 2 BRAND NEW FURNACES AND 2 NEW HOT WATER TANKS. IN ADDITION, EACH UNIT HAS EVERY INCH OF BRAND NEW PLUMBING AND EVERY INCH OF BRAND NEW ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $2,216 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 PERCENT. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $200 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!

3304 Clairmount Street, Detroit
2025 Collingwood Street, Detroit
$225,000
3 Beds ⋅ 1 Baths ⋅ 20261077598 MLS ⋅ ACTIVE Status
Welcome to this beautifully updated 3-bedroom Colonial offering a comfortable blend of classic Detroit character and modern finishes. The inviting living room features updated flooring, neutral décor, crisp white trim, and a charming fireplace that creates a warm focal point for the space.The renovated kitchen features updated cabinetry, butcher-block countertops, a double-bowl stainless-steel sink, and generous workspace. Just off the kitchen, the dining room provides direct access to the rear deck through French-style doors, creating a natural flow for entertaining, outdoor dining, and everyday living. Upstairs, you’ll find three bedrooms along with an impressive updated full bathroom featuring extensive custom tilework, a separate walk-in shower and full-size soaking tub. Outside, enjoy the rear deck and fenced backyard, offering additional space for relaxing, gatherings, or outdoor enjoyment. The exterior combines painted brick with updated siding for clean, attractive curb appeal. Conveniently located just minutes outside Detroit’s Historic Boston-Edison Neighborhood, with easy access to Woodward Avenue, New Center, Midtown, Downtown Detroit, shopping, dining, entertainment, and major thoroughfares. This move-in-ready Colonial combines traditional Detroit architecture with thoughtful modern updates throughout. Come experience everything this beautifully updated Colonial has to offer. Call today to schedule your private showing! BATVAI.

2025 Collingwood Street, Detroit
2325 Calvert Street, Detroit
$155,000
5 Baths ⋅ 20261077693 MLS ⋅ ACTIVE Status
INVESTOR OPPORTUNITY! SPACIOUS 2-STORY MULTI-FAMILY PROPERTY SITUATED ON APPROXIMATELY A 4,000 SQ. FT. BUILT IN 1922, THIS PROPERTY FEATURES 6 BEDROOMS AND 4 BATHROOMS, WITH 3 BEDROOMS AND 2 BATHROOMS IN EACH UNIT. THE PROPERTY IS IN NEED OF RENOVATION AND OFFERS EXCELLENT POTENTIAL FOR AN INVESTOR LOOKING TO ADD VALUE. SOLID FOUNDATION AND LOCATED JUST BLOCKS FROM THE HIGHLY SOUGHT AFTER BOSTON-EDISON DISTRICT. WITH THE RIGHT VISION, THE PROPERTY COULD POTENTIALLY BE CONVERTED INTO A SPACIOUS SINGLE-FAMILY HOME. SCHEDULE YOUR SHOWING TODAY!

2325 Calvert Street, Detroit
2916 GLADSTONE Street, Detroit
$229,000
3 Beds ⋅ 2 Baths ⋅ 20261077431 MLS ⋅ ACTIVE Status
Here is a tenant occupied Colonial near Boston Edison! This sharply renovated property is currently rented for 1700 per month. This lovely home has been elegantly redone from top to bottom. Charming open layout on first floor. All new kitchen with high quality finishes. Half bath on entry level. New flooring and paint throughout. New vinyl windows. Spacious primary bedroom with walk in closet. Fenced in backyard with newly built back porch. Lease and ledger available upon request. Photos taken prior to tenant moving in.

2916 GLADSTONE Street, Detroit
1667 Pingree Street, Detroit
$230,000
7 Beds ⋅ 2 Baths ⋅ 20261077389 MLS ⋅ ACTIVE Status
Welcome home to this spacious, beautifully renovated house, completely remodeled in 2024/2025, from top to bottom. Conveniently located in the Virginia Park neighborhood, within walking distance from Rosa Park Blvd, few minutes away from Downtown Detroit, Wayne State University, and more. This spacious 7-bedroom, 2-bath property is an excellent opportunity for investors, large families, or owner-occupants looking for room to grow. For investors, the property was certified by the City of Detroit in 2024 as a rooming house, offering the flexibility to rent individual bedrooms, subject to applicable city requirements and licensing. At approximately $500 per room, the property offers potential for significant gross rental income, depending on occupancy, rental terms, and applicable regulations. For an owner-occupant, the seven-bedroom layout provides exceptional flexibility for a large household, multi-generational living, a home office, guest rooms, or simply having plenty of space for everyone. The generous room sizes make it possible to customize the home to fit a variety of living arrangements and needs. The home features 2 ceramic-tile bathrooms, including a second-floor bathroom with both a modern shower and a separate bathtub. Modern light fixtures throughout, vinyl flooring on the first level, and carpet on the second level add comfort and functionality. The second floor also features a balcony overlooking the street. The kitchen offers a modern countertop and updated finishes, combining functionality with a contemporary feel. The first floor features a decent-sized living room and an additional living space that can be adapted for multi-use. The roof was replaced in 2024. Whether you’re an investor looking for a room-rental opportunity or a buyer searching for an unusually spacious home. Furniture can be included with the sale. Schedule your showing today!! All measurements are estimated.

1667 Pingree Street, Detroit
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