48206 Homes under $500,000

48206 Homes under $500,000

Welcome to the vibrant and historic neighborhood of Detroit, Michigan, nestled within the 48206 zip code. This area is a true gem in Wayne County, offering a unique blend of urban culture, rich history, and diverse community spirit. With a variety of homes available for under $500,000, 48206 presents an incredible opportunity for both first-time buyers and seasoned investors alike.

As you explore the charming streets of 48206, you'll discover a mix of architectural styles, from classic brick bungalows to modern renovations, all showcasing the character and resilience of Detroit. This zip code is home to several parks and green spaces, making it an ideal locale for families and outdoor enthusiasts. The proximity to downtown Detroit means that residents can easily access the city’s thriving arts scene, eclectic dining options, and exciting entertainment venues.

In addition to its rich cultural tapestry, the 48206 community is known for its strong sense of belonging and neighborly spirit. Local events and gatherings foster connections among residents, creating a welcoming atmosphere that makes it easy to feel at home.

With homes priced under $500,000, buyers will find a range of options that suit various lifestyles and budgets. Whether you’re seeking a cozy starter home or a spacious family residence, the 48206 zip code has something for everyone. Don’t miss the chance to be part of this dynamic Detroit community—where affordability meets opportunity and charm!

Newest 48206 Homes under $500,000

3821 Montgomery Street, Detroit
$155,000
4 Beds ⋅ 2 Baths ⋅ 20261079900 MLS ⋅ ACTIVE Status
Welcome to this spacious three-story Colonial home in the Detroit area, offering 4 bedrooms, 2 full bathrooms, and approximately 1,611 sq ft of living space. The home features a traditional layout with plenty of room for comfortable everyday living, entertaining, and relaxation.The main level offers inviting living spaces with a practical flow throughout the home. Upstairs, you'll find generously sized bedrooms that provide flexibility for family, guests, a home office, or additional living needs. With four bedrooms and two full bathrooms, this home offers the space and functionality to accommodate a variety of lifestyles.The three-story design provides additional living space and versatility, making it easy to create dedicated areas for work, hobbies, storage, or recreation. Located in the Detroit area, the property is conveniently situated near local shopping, dining, schools, parks, entertainment, and major roadways.Don't miss the opportunity to make this 4-bedroom Colonial your next home and enjoy the space, character, and convenience it has to offer.

3821 Montgomery 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
2722 Calvert Street, Detroit
$60,000
3 Baths ⋅ 20261080632 MLS ⋅ ACTIVE Status
GREAT OPPORTUNITY ON THIS LARGE 2 UNIT BRICK HOME IN LINWOOD PARK. HOME FEATURES 5 BEDROOMS, 3 FULL BATHS, A TWO CAR DETACHED GARAGE AND AN OPEN FLOORPLAN. HOME HAS HIGH CEILINGS, HARDWOOD FLOORS AND A LARGE UNFINISHED BASEMENT.

2722 Calvert Street, Detroit
2437 Longfellow Street, Detroit
$399,900
4 Beds ⋅ 3 Baths ⋅ 20261079673 MLS ⋅ ACTIVE Status
Old world charm with beautiful modern updates throughout, this Boston - Edison beauty shines with tasteful touches and professional finishes! Featuring 4 bedrooms, a third level, conditioned, bonus room, 2 full and a half bath along with a beautifully finished basement that looks like it was pulled straight out of an interior design magazine, in addition to a stunning new kitchen complete with a gorgeous quartz full backsplash, high-end appliances and beautiful marble checkerboard flooring, this house is truly a rare find that comes complete with everything you need and more. Pictures do not do this one justice - it looks even better in person! Be sure to schedule your tour today. BATVAI. Seller is related to listing Broker.

2437 Longfellow Street, Detroit
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
$199,999
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
2274 Taylor Street, Detroit
$299,900
2 Baths ⋅ 20261077590 MLS ⋅ ACTIVE Status
Updated two unit income property in Detroit's North LaSalle neighborhood, ready for an owner occupant or investor. Each unit offers three bedrooms, one full bath, and a comfortable layout with separate living and dining rooms. Both kitchens have been refreshed with crisp white cabinetry, quartz countertops, and a stylish backsplash that gives the home a clean, modern finish. Identical floor plans make management simple and give you two strong rental units, or the option to live in one and let the other help cover your mortgage. North LaSalle is known for its historic architecture and tree lined streets, with Gordon Park and La Salle Gardens Park close by. Enjoy convenient access to the Lodge Freeway and Interstate 96, plus quick drives to Henry Ford Hospital, New Center, Midtown, and Downtown Detroit. Schedule your showing today.

2274 Taylor Street, Detroit
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