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About This Home

This 6-bedroom, 2-bathroom residential multi family at 3222 Richton Street in Detroit, MI is listed for $175,000 ($64 per sqft). Built in 1926, the home offers 2,750 sqft of living space on a 0.10 acres lot.

Agent Description

Prime multifamily investment opportunity located in Detroit's historic and rapidly stabilizing Dexter Linwood neighborhood, an area rich in cultural history, architectural character, and now experiencing a meaningful wave of reinvestment. This classic brick multifamily property offers spacious units, strong rental demand, and significant upside as surrounding development continues to gain momentum.

Known for its early 20th century duplexes and apartment buildings, Dexter Linwood has long been a hub of Detroit's residential density and community life. Today, that legacy housing stock is being revitalized through both public initiatives and private investment, making it an increasingly attractive target for investors seeking value and appreciation.

A transformative investment is bringing new retail pop-ups, facade improvements, public art, and a redesigned streetscape to nearby Dexter Avenue, enhancing walkability and economic activity. Property is 1 of 11 in a portfolio being sold all within the Downtown Area. Buy 1 or as many as you would like. MLS#s for the other 10 properties: 20261015005, 20261015035, 20261015052, 20261015057, 20261015574, 20261015576, 20261015577, 20261015583, 20261015586, 20261015683

Key Features

  • Built in 1926
  • 0.10 acre lot
  • 2 stories

Property Details

2 stories
2 full
1926

Amenities

A/C

Monthly Cost Estimate

$936/mo

20% down · 6.5% · 30 years

Principal$127
Interest$758
Insurance$51

Estimates only. Actual payments may vary.

Location

3222 Richton Street

Detroit, MI 48206

Linwood Heights

Property Details

Construction

Brick

Heating

Forced Air

Cooling

Window Unit(s)Ceiling Fan(s)

Questions & Answers

This 6-bedroom, 2-bathroom residential multi family at 3222 Richton Street is listed at $175,000 ($64/sqft). The estimated monthly payment is $758 based on 20% down at 6.5% interest.

Key features include: Built in 1926, 0.10 acre lot, 2 stories.

This property is listed by Michael Gerisch and can be reached at (734) 740-8404 or michaelgerisch@kw.com.

MG

Michael Gerisch

Agent at KW Professionals

(734) 740-8404

Listed by KW Professionals · View on Broker Site

MLS# 20261015578· Source: listhub· Updated 76 days ago

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3222 Richton Street, Detroit, MI 48206

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