227 King Street
Detroit, MI 48202
Multi Family · MLS # 20261089533 · Listing courtesy of @properties Christie's Int'l RE Northville
About this home
Exceptional opportunity to own a beautifully renovated historic residence offering nearly 5,000 square feet of living space and three distinct units in Detroit’s North End. Ideal for an owner-occupant seeking additional rental income, multigenerational living, or a sophisticated multi-unit investment, the property combines the character of a historic Detroit home with extensively updated interiors and exceptional flexibility. The expansive primary residence offers four bedrooms and two full baths with beautifully renovated living spaces, exposed brick, original architectural character, and contemporary finishes. A separately appointed two-bedroom residence has also been fully renovated, while the partially finished studio/loft offers substantial additional living space and the opportunity for the next owner to complete the remaining finishes to their vision. Each residence offers private laundry, and the property includes ample parking. Centrally located near Detroit’s premier sporting venues, museums, cultural attractions, restaurants, and entertainment destinations, the property offers both historic character and convenient access to the city’s most celebrated amenities.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Detroit
Over the last 90 days, 1,213 homes sold in Detroit for a median of $100,000, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $599,000, or $124 per square foot, 75% above the city median, and has been on the market 1 day. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Detroit sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $13,274 a year. A buyer who lives here would pay about $7,589 to $19,415 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Detroit
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