48215 Homes under $500,000

48215 Homes under $500,000

Welcome to the vibrant and diverse community of Detroit, Michigan, specifically the 48215 zip code! Nestled within Wayne County, this area offers a unique blend of urban charm and suburban comfort, making it an ideal place for families, young professionals, and retirees alike.

The 48215 zip code is known for its rich history and cultural diversity, providing residents with a sense of belonging in a welcoming environment. One of the most appealing aspects of this area is the availability of homes under $500,000, making it an attractive option for those looking to invest in real estate without breaking the bank. Here, you can find a variety of housing options, from cozy bungalows to spacious family homes, all with character and charm.

Living in 48215 means you’re just a stone’s throw away from the bustling heart of Detroit, where you can enjoy world-class dining, shopping, and entertainment. The nearby waterfront parks offer stunning views of the Detroit River, perfect for leisurely strolls or picnics with family and friends. Additionally, the area boasts excellent schools, community centers, and recreational facilities, ensuring that there’s something for everyone.

Whether you’re a first-time homebuyer or looking to downsize, the 48215 zip code presents an exceptional opportunity to own a piece of Detroit’s rich legacy. With affordable homes and a vibrant community, this area is poised for growth and offers a bright future for its residents. Explore the possibilities and discover why 48215 is the perfect place to call home!

Newest 48215 Homes under $500,000

825 Algonquin Street, Detroit
$229,900
3 Beds ⋅ 2 Baths ⋅ 50227012 MLS ⋅ ACTIVE Status
This 100 year old classic features many amenities, including new windows; new furnace with central air (for second floor); newer boiler (for first floor); two fully renovated baths; new kitchen with granite counters and all appliances; new first floor laundry with washer/dryer; new roof; new gutters with guards; new electrical; new glass block windows with vents; garage has a new roof, new siding, new door with opener, and a workshop with a wood burning stove and skylights! There is a 25x7 enclosed front porch; fenced yard; first floor office; it just keeps getting better and better...original oak floors restored (second floor); original oak post and lintel trim; seven inch base boards; the home honors the past...crafted with beauty and function. This well updated classic is waiting for you!

825 Algonquin Street, Detroit
664 Marlborough Street, Detroit
$199,000
3 Beds ⋅ 2 Baths ⋅ 20261088541 MLS ⋅ COMING SOON Status
Stunning brick colonial in historic Jefferson Chalmers, located on the brick-paved blocks in the heart of the neighborhood, boasts original detail and updated systems. From fully updating the electrical and HVAC systems, to installing back-flow valves and Anderson windows... these homeowners have done all the heavy lifting. Enjoy the updated kitchen with a breakfast nook, or relax in the living room, cozy by the fire. The bedrooms are all tucked upstairs, one with a backyard balcony! The backyard boasts a fig tree, as well as 2 lilacs, a sweet cherry tree, and raspberries! Come check out the open house on Saturday 11/14.Anderson Windows (2024), Boiler (2024), Shed (2024)New Roof and Mini Split - 2019

664 Marlborough Street, Detroit
873 Algonquin Street, Detroit
$174,900
3 Beds ⋅ 2 Baths ⋅ 20261089639 MLS ⋅ ACTIVE Status
Welcome to this charming 1,728 SQFT home offering 3 bedrooms and 2 full bathrooms, located in the Jefferson Chalmers District near the Detroit River! A covered front porch welcomes you into the spacious living room featuring hardwood floors, built-ins, and a painted black brick fireplace, with views of the dining room and breakfast nook. The kitchen offers crisp white cabinetry, granite countertops, and a tile backsplash. Upstairs, the primary bedroom features a walk-in closet and private ensuite bathroom with a walk-in shower. Two additional bedrooms and a second full bathroom complete the upper level. The basement provides additional living space, a laundry area, and plenty of room for storage. Outside, enjoy a fenced backyard and a 2-car detached garage. Conveniently located near the Detroit River, parks, and local amenities. Schedule your showing today! BTVAI

873 Algonquin Street, Detroit
4866 Chalmers Street, Detroit
$105,000
4 Beds ⋅ 2 Baths ⋅ 20261087599 MLS ⋅ ACTIVE Status
Investor Special. Updated flooring and Carpet. Updated Kitchen and Baths.....4 bedroom 2 Baths offers opportunity for Investors or Owner Occupants..Move in ready..

4866 Chalmers Street, Detroit
1350 Drexel Street, Detroit
$87,000
2 Baths ⋅ 20261088588 MLS ⋅ ACTIVE Status
An opportunity to own a Detroit duplex with immediate rental income and the flexibility to occupy one unit while leasing the other! This two-family property offers approximately 2,360 square feet of above-grade living space, with two spacious units, each featuring three bedrooms and one full bathroom. **The upper unit is vacant and ready for its next occupant**, making this an appealing option for an owner-occupant interested in house hacking or an investor seeking to establish a new lease at current market rates. The lower unit is currently occupied by a month-to-month tenant paying $650 per month, providing an existing income stream with flexibility for future rental planning. The property offers generously sized rooms, separate living accommodations, and a practical layout that supports a variety of ownership strategies. While some cosmetic updates would enhance the interiors, the duplex presents an opportunity to make improvements over time while building long-term value. For buyers considering owner-occupancy, the vacant upper unit provides the convenience of moving into your own space while collecting rent from the lower unit to help offset housing expenses. Investors can explore the property's potential as a two-unit rental, with the opportunity to evaluate future improvements and rental income. Whether you're beginning your real estate investment journey, expanding an existing portfolio, or looking for a property that combines homeownership with income potential, this Detroit duplex offers multiple possibilities. Fenced in lot to the right is included in the sale but the driveway to left is not the owner's property. Schedule your private showing and explore the opportunity! Buyer to verify all property information, rental details, and intended use. Proof of rental income will be available upon request.

1350 Drexel Street, Detroit
2569 Alter Road, Detroit
$85,900
5 Beds ⋅ 2 Baths ⋅ 20261088401 MLS ⋅ ACTIVE Status
Spacious 5 bedroom 2 bathroom located on between Vernon Hwy and Charlevoix St on Detroit's east side just down the street from Grosse Point Park. Home sold as is. Seller is selling their portfolio of 13 properties in Detroit.

2569 Alter Road, Detroit
3008 Marlborough Street, Detroit
$309,000
4 Beds ⋅ 3 Baths ⋅ 20261087939 MLS ⋅ ACTIVE Status
Looking for a home with space, space, and more space? Welcome to 3008 Marlborough where you will find just that! Ideal for any type of buyer that is ready for a move in ready home. With 4 generous sized bedrooms, this property will not disappoint. Don't look any further than here. Be ready to put your own decorating ideas to the test. Schedule your showing today!

3008 Marlborough Street, Detroit
572 Tennessee Street, Detroit
$125,000
4 Beds ⋅ 2 Baths ⋅ 20261087210 MLS ⋅ ACTIVE Status
Welcome home to this move-in-ready 4-bedroom, 2-bath ranch featuring a bright, open layout, spacious living and dining areas, and an updated kitchen with stylish cabinetry and subway tile backsplash. Both bathrooms have been tastefully renovated, including a tiled walk-in shower. The full basement offers 1,228 sq. ft. of additional space with endless possibilities. Enjoy a covered front porch, large backyard, and concrete patio, all conveniently located near shopping, dining, and major roadways. Bonus opportunity: The seller is also offering the neighboring home, 584 Tennessee! Purchase both properties together as a package deal for added investment potential!

572 Tennessee Street, Detroit
584 Tennessee Street, Detroit
$110,000
3 Beds ⋅ 2 Baths ⋅ 20261087256 MLS ⋅ ACTIVE Status
Move right into this beautifully remodeled 3-bedroom, 2-bath ranch featuring modern updates, spacious living areas, an updated kitchen, and two renovated bathrooms. Additional highlights include a full basement, covered front porch, concrete patio, and spacious backyard with storage shed. Conveniently located near shopping, dining, and major roadways.Investor Opportunity! The seller is also offering the neighboring property at 572 Tennessee. Purchase both properties together as a package deal for added investment potential!

584 Tennessee Street, Detroit
1407 Lakewood Street, Detroit
$99,900
2 Baths ⋅ 20261087401 MLS ⋅ ACTIVE Status
Multifamily opportunity at 1423 Lakewood in Detroit! This property features two spacious units, each offering 3 bedrooms and 1 full bathroom, A full kitchen, living room and dining room making it ideal for both investors and owner-occupants. The property includes a shared basement, providing additional storage and utility space for tenants. Outside, you’ll find a large driveway with ample parking along with two separate garages—a 2.5-car garage and an additional 1.5-car garage, a rare and valuable feature for rental properties. Situated on two parcels of land, this property offers added flexibility and long-term potential for expansion or increased value. Conveniently located near major roads, shopping, and local amenities, this is a strong income-producing asset with room to grow. **Second floor unit's address is 1427 Lakewood St, Detroit, MI 48215** **Second parcel included is 1407 Lakewood St, Detroit, MI 48215** Don’t miss out on this versatile Detroit investment opportunity!

1407 Lakewood Street, Detroit
1423 Lakewood Street, Detroit
$99,900
6 Beds ⋅ 2 Baths ⋅ 20261087395 MLS ⋅ ACTIVE Status
Multifamily opportunity at 1423 Lakewood in Detroit! This property features two spacious units, each offering 3 bedrooms and 1 full bathroom, A full kitchen, living room and dining room making it ideal for both investors and owner-occupants. The property includes a shared basement, providing additional storage and utility space for tenants. Outside, you’ll find a large driveway with ample parking along with two separate garages—a 2.5-car garage and an additional 1.5-car garage, a rare and valuable feature for rental properties. Situated on two parcels of land, this property offers added flexibility and long-term potential for expansion or increased value. Conveniently located near major roads, shopping, and local amenities, this is a strong income-producing asset with room to grow. **Second floor unit's address is 1427 Lakewood St, Detroit, MI 48215** **Second parcel included is 1407 Lakewood St, Detroit, MI 48215** Don’t miss out on this versatile Detroit investment opportunity!

1423 Lakewood Street, Detroit
150 Eastlawn Street E, Detroit
$420,000
4 Beds ⋅ 2 Baths ⋅ 20261086901 MLS ⋅ ACTIVE BACKUP Status
(OPEN HOUSE SATURDAY 10/31/2026 FROM 11:00AM TO 1:00PM) Welcome to this exquisite four-bedroom, 1.2-bathroom hidden gem in the Jefferson Chalmers neighborhood. This rare mid-century home is ideally located adjacent to A.B. Ford Park and merely a short distance from the Detroit River and Canada.This distinctive residence boasts breathtaking, unparalleled views of the Detroit River and Windsor, Canada, with direct access to a 34-acre riverfront park perfect for leisurely strolls, fishing, and picnics. The newly established A.B. Ford Park Community Center further enhances the vibrant community atmosphere.The home features an original, fully functional stone fireplace, original hardwood floors, and an abundance of windows that fill the space with natural light. The updated open-concept kitchen showcases quartz countertops, and the bathrooms have been modernized for comfort. Bedrooms offer stunning river views, and the property includes a one-car garage, an adjacent carport, a mudroom, and dedicated first-floor laundry, alongside a sump pump and a waterproof basement, central air, a side lot, and well established gardens.Additionally, the property is conveniently located near the Grosse Pointe business and shopping districts, providing a straightforward route to downtown Detroit. And let's not forget the spectacular views that truly elevate this unique offering.

150 Eastlawn Street E, Detroit
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