The MJA CompanyNational Realty Centers (248) 780-8944
1014 Waterman Street, Detroit, MI 482091014 Waterman Street, Detroit, MI 48209 photo 21014 Waterman Street, Detroit, MI 48209 photo 31014 Waterman Street, Detroit, MI 48209 photo 41014 Waterman Street, Detroit, MI 48209 photo 5
$159,900 For sale

1014 Waterman Street

Detroit, MI 48209

2.5baths
2,600sqft
0.11acres
1915built
$62per sqft
13days listed

Multi Family · MLS # 20261074154 · Listing courtesy of ICON Realty Experts, LLC

About this home

INVESTOR SPECIAL – HUGE VALUE-ADD OPPORTUNITY! This 2-unit multifamily duplex is priced to sell at $159,900 and ready for someone with vision to bring it back to life. Both units are in need of TLC and updating, making this an excellent opportunity for an investor looking to renovate, build equity, and maximize future rental or resale potential. Priced approximately 20–30% below updated multifamily properties in the area, there is plenty of room to add value through improvements. Renovate and hold for rental income, explore a house-hack opportunity, or reposition for resale. Bring your contractor, your creativity, and your vision — the potential is here! A great opportunity to breathe new life into this property and turn it into something special.

Interior

Full baths2
Half baths1
Living area2,600 sqft
BasementUnfinished
LevelsTwo

Systems and utilities

HeatingForced Air, Natural Gas
WaterPublic
SewerPublic Sewer

Exterior and lot

StyleDuplex
Year built1915
ConstructionBrick
FoundationBasement, Poured
Garage spaces0
Lot size0.11 acres
Lot dimensions30X157.5
PoolNone

Taxes, HOA and more

Annual taxes$6,656
Summer taxes$4,120
Winter taxes$2,536
SubdivisionKAIERS SUB OF LTS 16 THRU 29
MunicipalityDetroit
CountyWayne
PossessionAt Close
Sale termsCash, Conventional
Special conditionsShort Sale No, Standard

Schools

School districtDetroit

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes when listed. Ask us for a lender quote.

Location

IDX information provided courtesy of Realcomp II Ltd. via The MJA Company at National Realty Centers, © 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data updated Sep 30, 2026, 10:08 PM.

CallRequest a tour