48216 Homes under $500,000

48216 Homes under $500,000

Welcome to the vibrant and historic neighborhood of Detroit, MI, nestled within the 48216 zip code. This dynamic area, part of Wayne County, boasts a rich tapestry of culture and community, making it an ideal place for homebuyers seeking both character and affordability.

The 48216 zip code is known for its unique blend of industrial heritage and revitalized urban living. With its proximity to the Detroit River and the bustling downtown area, residents enjoy easy access to a plethora of recreational activities, dining options, and cultural attractions. The nearby waterfront parks and trails invite outdoor enthusiasts to explore the beautiful scenery, while art lovers can immerse themselves in the city’s thriving arts scene.

For those looking to invest in their dream home, the 48216 area offers an enticing selection of properties priced under $500,000. Whether you’re searching for a charming historic bungalow, a modern loft, or a spacious family home, this neighborhood has something to suit every taste and budget. With many homes showcasing distinctive architectural features and updated interiors, you can find a space that reflects your personal style without breaking the bank.

Living in Detroit’s 48216 zip code means becoming part of a community that celebrates its past while embracing the future. With affordable housing options and a lively atmosphere, it’s the perfect place to plant roots and thrive. Discover your new home in this exciting Detroit neighborhood today!

Newest 48216 Homes under $500,000

1244 25th Street, Detroit
$150,000
2 Baths ⋅ 20261078150 MLS ⋅ ACTIVE Status
Located in Mexicantown/Hubbard Farms with views of Downtown and the Ambassador Bridge, this sprawling duplex makes a great investment opportunity with strong income potential. While the house needs work, there have been important updates, including new windows, new rough electrical, and new rough plumbing. The house is full of original charming details--original wood floors, unpainted doors, trim, and moulding--which make this an exciting project. This large property features two two-bedroom and one-bathroom units, plus living room, dining room and kitchen in each. Units have a divided basement. The excellent location offers walkability to Mexicantown's thriving restaurant scene, plus convenient, easy access to Corktown and all the freeways just a few blocks away.

1244 25th Street, Detroit
1803 Perry Street, Detroit
$450,000
2 Beds ⋅ 3 Baths ⋅ 20261072882 MLS ⋅ ACTIVE Status
If Corktown has been calling your name, Harrison 12 gives you plenty of reasons to answer. This end-unit townhome brings together modern design, flexible living space and a private rooftop terrace with Detroit skyline views. Across three levels, you’ll find two spacious bedrooms, including a luxe primary suite, plus a versatile third-floor retreat ready to become a home office, guest space, workout room or movie-night escape. A ground-level patio and private EV-ready garage add even more function to the low-maintenance lifestyle. Located in North Corktown, you’re just moments from Michigan Central, neighborhood restaurants and shops, parks, downtown Detroit and everything that makes this corner of the city such a draw. Eligible for the NEZ New Construction Tax Abatement. Co-listed with Jeffrey Post / @propertiesREMI C.I.R.E Ann Arbor

1803 Perry Street, Detroit
3034 Williams Street, Detroit
$135,000
3 Beds ⋅ 2 Baths ⋅ 20261071890 MLS ⋅ ACTIVE Status
MOTIVATED SELLER ... Location, location, location. Three bedroom, two full bathrooms, 2nd floor laundry. Beautifully updated kitchen with walk in pantry, stainless steel appliances, a coffee bar and beautiful free floating laminate throughout first floor. A door wall off kitchen gives access to large deck and back yard. New roof in 2025, new windows, paint, flooring and some new drywall. House is located very near the new soccer stadium being built, Corktown and close proximity to Downtown Detroit and all it has to offer. House is being sold as is where is. BATVAI. IDRBNG.

3034 Williams Street, Detroit
2942 Cochrane Street, Detroit
$390,000
2 Beds ⋅ 1 Baths ⋅ 20261071551 MLS ⋅ ACTIVE Status
Stop the car! Welcome to the heart of North Corktown! This newly remodeled modern spacious ranch has 3 bedrooms, 1 Bathroom with a perfect oversized private yard on a corner lot. Close to proximity - near schools, dining, shopping and main roads. Just minutes away from downtown, walking distance to Motown Casino and to many more local attractions! BATVAI

2942 Cochrane Street, Detroit
744 W Grand Boulevard, Detroit
$224,900
5 Baths ⋅ 20261066404 MLS ⋅ ACTIVE Status
All reasonable offers will be considered! Send it over!Multi-Unit Investment Property for Sale in DetroitExceptional opportunity to own a multi-unit residential property in a prime Detroit location with tremendous upside potential. Rich in character, the building features beautifully preserved original wood finishes, multiple fireplaces, spacious open living areas, and a blend of classic architecture with select modern opportunity, including some vinyl windows and a bathroom already updated.Outside, a gated rear parking slab provides added convenience for residents. Ideally located just west of Corktown, close to the Detroit River, and just minutes from New Center neighborhood where the $3 billion Future of Health development is planned; a landmark joint venture between Henry Ford Health, Michigan State University, and the Detroit Pistons organization. When complete, this project will add a 1.2 million sq ft hospital tower, a 335,000 sq ft research center, and 662 new mixed-income apartments within short distance of this property. The demand that follows that kind of institutional investment — healthcare workers, university staff, researchers, and support personnel means that this property offers an outstanding opportunity for investors or owner-occupants looking to bring their vision to life in one of Detroit's most sought-after areas.

744 W Grand Boulevard, Detroit
3438 Randall Street, Detroit
$154,999
3 Beds ⋅ 1 Baths ⋅ 20261066307 MLS ⋅ ACTIVE Status
Location, location, location! Nestled in the heart of Corktown, one of Detroit’s most sought-after and rapidly growing neighborhoods, this 3-bedroom, 1-bath home offers an incredible opportunity for homeowners and investors alike. Just minutes from Michigan Central Station, Downtown Detroit, Mexicantown, top restaurants, entertainment, and major freeways. Enjoy being at the center of Detroit’s continued growth and revitalization while building equity in a prime location. Whether you’re looking for a primary residence, rental property, or future investment, this home is perfectly positioned to take advantage of everything the city has to offer.

3438 Randall Street, Detroit
1570 Butternut Street, Detroit
$210,000
5 Beds ⋅ 2 Baths ⋅ 20261066033 MLS ⋅ ACTIVE Status
Finish Building your dream home or make it a great investment property in North Corktown! Located near Trumbull and Butternut, just minutes from MotorCity Casino, Midtown, Downtown Detroit, major freeways, dining and entertainment. Significant improvements have already begun, including new foundation walls around the perimeter and new windows. The interior has been completely gutted and is ready for your finishing vision. Create a custom residence or complete your next investment project in one of Detroit’s most desirable and rapidly developing neighborhoods. Property is being sold in its current condition. Buyer and buyer’s agent to verify all information, measurements and renovation requirements.

1570 Butternut Street, Detroit
1521 18th Street, Detroit
$198,900
2 Beds ⋅ 1 Baths ⋅ 20261055308 MLS ⋅ ACTIVE Status
well located Ranch single-family home in Southwest Detroit. Seller willing to offer seller concessions for closing cost, Features 2 bedrooms, 1. baths, big bathroom good living pace, this home have a lot parking space on the back yard. Perfect for investors or homeowners looking to personalize in a centrally located Detroit community with convenient access to major thoroughfares and neighborhood amenities. All showing must be accompanied by licensed MI showing agent. Buyer and Buyers Agent to verify all measurements. Be sure to explore nearby attractions such as Michigan Central Station, along with the area's rich cultural and architectural offerings. location with sky-high potential. Opportunities like this in Southwest Detroit don’t last long, secure your spot in the neighborhood’s exciting future!

1521 18th Street, Detroit
1525 Spruce Street, Detroit
$150,000
3 Beds ⋅ 1 Baths ⋅ 20261051522 MLS ⋅ ACTIVE Status
NEW LISTING IN NORTH CORKTOWN: This well located three-bedroom property needs someone to transform it into something fantastic. Located minutes from Corktown, Downtown, Woodbridge, and Midtown, this house presents an opportunity for a full renovation in an excellent, convenient and growing neighborhood.Cash Only

1525 Spruce Street, Detroit
1933 11th Unit #1 Street, Detroit
$245,000
3 Beds ⋅ 1 Baths ⋅ 20261050853 MLS ⋅ ACTIVE Status
Discover your new home at 1933 11th Street in historic Corktown! Located in the heart of this vibrant neighborhood, you'll be steps from Michigan Avenue and just a short stroll from Ford Motor Company's new Mobility Headquarters.This beautiful 3 bedroom / 1 bath condo boasts original wood floors and unique character throughout its 1,200 square feet. Enjoy relaxing in your living room with views of downtown Detroit or sipping your morning coffee on your private patio. The open floor plan and abundance of natural light make this home perfect for entertaining or everyday living.An added bonus is the attic space, which can be converted into an additional bedroom, home office, artist studio, guest suite or recreation room – increasing the total square footage of your home. With its rich history and modern amenities, this condo has something for everyone.Important Notes:* Parcel has recently been split into two separate parcel ID’s from original Duplex.* Lot Dimensions, Road Frontage Feet & Acres are TBD.

1933 11th Unit #1 Street, Detroit
1933 11th Street, Detroit
$245,000
3 Beds ⋅ 1 Baths ⋅ 20261050768 MLS ⋅ ACTIVE Status
Discover your new home at 1933 11th Street in historic Corktown! Located in the heart of this vibrant neighborhood, you'll be steps from Michigan Avenue and just a short stroll from Ford Motor Company's new Mobility Headquarters.This beautiful 3 bedroom / 1 bath condo boasts original wood floors and unique character throughout its 1,200 square feet. Enjoy relaxing in your living room with views of downtown Detroit or sipping your morning coffee on your private patio. The open floor plan and abundance of natural light make this home perfect for entertaining or everyday living.An added bonus is the attic space, which can be converted into an additional bedroom, home office, artist studio, guest suite or recreation room – increasing the total square footage of your home. With its rich history and modern amenities, this condo has something for everyone.Important Notes:* Parcel has been split into two separate parcel ID’s (11/2024) from original Duplex.* Lot Dimensions, Road Frontage Feet & Acres are TBD.

1933 11th Street, Detroit
2105 25th Street, Detroit
$75,000
3 Beds ⋅ 1 Baths ⋅ 20261047286 MLS ⋅ ACTIVE Status
POSSIBLE LAND CONTRACT OPTION! What does prime property for rehab, redevelopment, and endless opportunity look like?Let’s start with 2105 & 2111 25th St, Detroit, MI 48216. Both addresses for the price of one.Located in one of Detroit’s most exciting growth corridors, this property sits just outside Corktown, in the heart of Southwest Detroit/Mexicantown, surrounded by major development, culture, entertainment, and long-term investment potential. To name just a few nearby highlights:Ford’s Michigan Central Station, the future Detroit City FC Soccer Stadium, the Southwest Greenway, Corktown, Downtown Detroit, sports arenas, concert venues, local markets, restaurants, and Detroit’s vintage neighborhood charm. Whether you’re looking to rehab, hold as an investment, redevelop, or create something new, this location offers the kind of opportunity investors look for strong surroundings, walkable destinations, and a neighborhood positioned for continued growth.PLEASE NOTE COMPLETE REHAB PROPERTY, ALL INFORMATION AND MEASUREMENTS ARE APPROXIMATE.

2105 25th Street, Detroit
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