# 309 Melbourne, Detroit, MI 48202

> **TL;DR:** 4bd/3ba residential multi family, $249,000 ($132/sqft), built 1915, 1,884 sqft.
> Basement. Est. $1,079/mo. Listed 90 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $249,000 |
| Price/sqft | $132 |
| Bedrooms | 4 |
| Bathrooms | 3 full |
| Square Feet | 1,884 |
| Year Built | 1915 |
| Lot Size | 4,792 sqft (0.11 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 90 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,079 |
| **Total** | **$1,079** |

## Key Amenities

- Basement

## Property Highlights

- Built in 1915
- 0.11 acre lot
- 2 stories

## Description

### Agent Description
Turnkey three-unit multi family investment opportunity in Detroit. Two of the three units are currently tenant-occupied while the third floor lease recently lapsed March 1st. Property features newer finishes throughout, minimizing up front capital expenditures. Ideally located just minutes from Woodward Avenue, Wayne State University and Little Caesars Arena, with convenient access to downtown amenities, dining and entertainment. Strong rental demand area makes this a sold cash-flow addition to any investors portfolio with long-term upside.

## Location

- **Address:** 309 Melbourne, Detroit, MI 48202
- **County:** Wayne
- **Neighborhood:** Mc Laughlin Bros Sub Of Lt 8

## Listing Agent

- **Name:** Matthew Jankowski
- **Brokerage:** Lucido and Associates, Inc
- **Phone:** 3139953587
- **Email:** matt@lucidorealestate.com

## Primary Photo

![309 Melbourne - Primary Photo](http://lh.rdcpix.com/8db51a46e612ea5aea95d5a03c77c689l-f2938083915r.jpg)

*36 total photos available on [listing page](https://www.propertysimple.com/listing/309-melbourne-detroit-mi-48202-50200604)*

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**MLS#:** 50200604 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/309-melbourne-detroit-mi-48202-50200604)

---

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