2928 Richton Street, Detroit, MI 48206

$235,000
5
BA

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$235,000
List Price
$249,900
Closing Date
Sep 04, 2026
Days on Market
49
MLS#
20261053137
Status
SOLD
Type
Multifamily
Bathrooms
5

Property Description

Unlock incredible income potential with this solid 4-unit multi-family building, each unit featuring three spacious bedrooms—a rare configuration that commands strong rents in the Detroit market. Located on historic Richton Street in the revitalizing Dexter-Linwood district, this property is ideal for investors seeking dependable cash flow and long-term appreciation.This well-maintained brick building offers major value, including:• Four (4) 3-bedroom units• Separate gas and electric meters—tenants pay their own utilities• Four (4) NEW furnaces—one for each unit, reducing future maintenance costs• Large living and dining rooms in each unit• Spacious kitchens with great layout potential• Shared basement with ample storage• Classic Detroit architectural characterWith high rental demand for 3-bedroom units in this area, investors can position this building for excellent monthly income. The separate utilities and new mechanicals make this an efficient, low-maintenance addition to any portfolio.Conveniently located near major corridors, public transit, schools, and ongoing neighborhood redevelopment, this property is well-situated for both stability and growth.Don’t miss out—schedule a tour today and discover the full potential of 2928 Richton Street!

Additional Information

Taxes
$1,563
Acres
0.14
Heating
Forced Air
School District
Detroit
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Erick Howard from Listing Office: Amin Realty.

Selling Agent: Selling Office: .

© 2026 Southwestern Michigan Regional Information Center, LLC. All rights reserved. Information deemed reliable but not guaranteed. The properties on this website come in part from the Broker Reciprocity Program of the Member MLSs of the Southwestern Michigan Regional Information Center. Data last updated .