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Studio Homes for Sale in Detroit, MI

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  • /20

    $29,900

    • Studio
    • 1 Bath
    • 425 Sq Ft

    8900 E Jefferson Ave Unit 624, Detroit, MI 48214

    Discover the charm of waterfront living with this exquisite studio co-op unit in the heart of Detroit. Nestled just steps away from the serene waters, this meticulously maintained residence offers a perfect blend of comfort and convenience. The spacious living area is bathed in natural light. With easy access to local amenities, parks, and downtown Detroit, this unit is a rare find. Enjoy the

    Agent Photo

    Marc Johnson

    Johnson Realty Group, LLC

    (877) 412-1647

    8900 E Jefferson Ave Unit 624, Detroit, MI 48214
  • /48

    $200,000

    • Studio
    • 4 Baths
    • 4,195 Sq Ft

    817 W Grand Blvd, Detroit, MI 48216

    Zillow has blocked the virtual tours from being posted on their website. The direct link to take a 3D Matterport Virtual Tour of this property is at westgrand.michigancommercial.properties/ Prime Investment Opportunity: 817 W Grand Blvd, Detroit, MI 48216 - Discover a rare gem in Detroit's vibrant Core City neighborhood - a meticulously cleaned-out duplex poised for your visionary

    Kathie & Billy Whitehouse Berkshire Hathaway HomeServices Kee Realty Bham

    817 W Grand Blvd, Detroit, MI 48216
  • /8

    $385,000

    • Studio
    • 4 Baths
    • 5,040 Sq Ft

    3240 Richton St, Detroit, MI 48206

    Prime Quadplex Investment Opportunity Near Historic Boston Edison! Don’t miss this incredible investment opportunity! This newly renovated quadplex boasts four spacious units, each featuring 4 bedrooms, 1 bathroom and a stackable washer and dryer—a rare amenity in Metro Detroit multifamily housing. With nearly 6,000 sq. ft. of living space, this property is designed for strong rental demand and

    Lamar Turner House Of May

    3240 Richton St, Detroit, MI 48206
  • /2

    $90,000

    • Studio
    • 2.5 Baths
    • 2,295 Sq Ft

    4504 Seyburn St, Detroit, MI 48214

    Sale is subject to probate court approval. Property is occupied — please do not approach the property or occupants without an appointment. No showings without an accepted offer. Property is being sold as-is. Buyer and buyer’s agent to verify all information. Great opportunity for investors or buyers looking for a property with potential in Detroit.

    Arash Goneh-Farahani Keller Williams Paint Creek

    4504 Seyburn St, Detroit, MI 48214
  • /17

    $220,000

    • Studio
    • 2.5 Baths
    • 3,344 Sq Ft

    7824 Mount Elliott St, Detroit, MI 48211

    With an interesting brick storefront facade, this 3,344-square-foot mixed-use building offers a flexible investment opportunity just outside Hamtramck. The 1,672-square-foot ground floor features open-plan commercial space with a renovated full bath, half bath, and updated HVAC. Successfully used as an Airbnb rental, the four-bedroom apartment upstairs (1,672 square feet) features hardwood

    Vincent Mazzola O'Connor Realty Detroit, LLC

    7824 Mount Elliott St, Detroit, MI 48211
  • /36

    $450,000

    • Studio
    • 2 Baths
    • 2,512 Sq Ft

    3714 23rd St, Detroit, MI 48208

    Welcome to a stunning duplex that was built new in 2023. The original single story home from 1900 has been substantially added to with a vaulted second story as well as an extension to the back of the home. Impeccable craftsmanship and a design forward construction has resulted in an impressive side by side duplex. High end appliances and laundry in each unit, paired with its excellent location

    Jay Taylor Good Company

    3714 23rd St, Detroit, MI 48208
  • /31

    $365,000

    • Studio
    • 6 Baths
    • 2,884 Sq Ft

    485 E Grand Blvd, Detroit, MI 48207

    Incredible investment opportunity in the heart of Island View! This massive multi-unit residence has served as a licensed adult foster care facility for over 50 years and was previously approved for up to 20 residents. The property is currently tenant-occupied with nine long-term residents—many with over a decade of tenancy—who would love to stay. With nine spacious bedrooms, four full bathrooms,

    Charles Siciliano @properties Christie's Int'l R.E. Birmingham

    485 E Grand Blvd, Detroit, MI 48207
  • /15

    $253,000

    • Studio
    • 3.5 Baths
    • 2,172 Sq Ft

    520 Englewood St, Detroit, MI 48202

    This 2-unit gem is an investors dream, offering exceptional potential for high rental income and long-term value growth. Each unit boasts 4 spacious bedrooms and 2 bathrooms, attracting quality tenants with ample living space and privacy. Located in a high-demand area near Hamtramck, this property promises strong rental yields and future appreciation. With minimal upkeep required and a layout

    Didarul Sarder Home Pride Realty

    520 Englewood St, Detroit, MI 48202
  • /35

    $400,000

    • Studio
    • 10 Baths
    • 4,000 Sq Ft

    100 Chandler St, Detroit, MI 48202

    Excellent multifamily investment opportunity in Detroit! This tenant-occupied property features two spacious units, each offering 4 bedrooms and 2 bathrooms. Both units showcase hardwood flooring throughout, providing character and durability. Conveniently located near downtown Detroit, this property is ideal for investors looking to expand their portfolio with income-producing real estate in a

    Tiroca Battle REALTEAM Real Estate

    100 Chandler St, Detroit, MI 48202
  • /24

    $167,000

    • Studio
    • 2 Baths
    • 2,641 Sq Ft

    2979 Clements St, Detroit, MI 48238

    Exceptional turnkey duplex in Detroit—perfect for your next investment! This spacious upper/lower duplex offers incredible potential with each unit featuring 4 bedrooms and 1 full bath. Both units include a refrigerator and stove, and there’s a washer and dryer in the common basement with setup for a second set, and the ability to close off/create private basement space for each unit. Enjoy the

    Angela Goodell KW Platinum

    2979 Clements St, Detroit, MI 48238
  • /66

    $399,999

    • Studio
    • 6 Baths
    • 3,904 Sq Ft

    491 E Grand Blvd, Detroit, MI 48207

    Discover a rare investment opportunity in the heart of Detroit with this versatile multi-use property. Zoned R5 with commercial office approval, it offers the flexibility to convert into a multi-family building, apartments, or a single-family residence—all without the need for rezoning. Ideally situated near downtown, this property provides quick access to restaurants, nightlife, and

    Chad Apap EXP Z Real Estate

    491 E Grand Blvd, Detroit, MI 48207
  • /64

    $500,000

    • Studio
    • 3.5 Baths
    • 3,076 Sq Ft

    852 E Grand Blvd, Detroit, MI 48207

    852 & 854 E Grand. The brick duplex is all ready for a new owner. 852 has 5 bedrooms and 1.5 baths. 854 has 4 bedrooms and 2 baths. Units can be sold furnished. Multi-use income for short/long term lease to Airbnb. Pre-approval/proof of funds Buyer only to show. All measurements and projected income are estimated.

    Tramar Clay National Realty Centers, Inc

    852 E Grand Blvd, Detroit, MI 48207
  • /9

    $900,000

    • Studio
    • 24 Baths
    • 29,400 Sq Ft

    2941 E Warren Ave, Detroit, MI 48211

    Introducing a rare opportunity to acquire 2941 East Warren, a historic four-story building located in the charming Poletown neighborhood of Detroit. This unique 29,400 square foot property, formerly the Banner Cigar Manufacturing Company, sits on 0.28 acres of land and is ideal for a stunning apartment or condominium conversion. Priced at $1,100,000, this property offers immense potential for

    Alex Lauer Clyde Realty LLC

    2941 E Warren Ave, Detroit, MI 48211
  • /34

    $185,000 Pre-Foreclosure

    • Studio
    • 2.5 Baths
    • 3,552 Sq Ft

    2310 Hazelwood St, Detroit, MI 48206

    Excellent investment opportunity just off historic LaSalle Boulevard in Detroit’s Virginia Park area! This large brick multi-family currently features 2 units, each with 4 bedrooms and 1 full bath, and offers strong value-add potential. The property can also be easily converted into a spacious single-family home for owner-occupant appeal. It needs a new roof, plumbing updates, windows and

    Colleen Hanna Keller Williams Realty-Great Lakes

    2310 Hazelwood St, Detroit, MI 48206
  • /29

    $140,000

    • Studio
    • 3 Baths
    • 840 Sq Ft

    11429 E 8 Mile Rd, Warren, MI 48089

    SELLER IS VERY MOTIVATEDTwo-unit property featuring studio-style layouts throughout. Recent updates include a newer furnace, a sump pump, and interior improvements completed approximately 9 years ago. Roof has not been replaced since the current ownership. Units are leased at $1,000 per month ($2,000 in rent). Owner currently pays electric, gas, and cable. Rental certification is complete!

    Kowsar Khan IKONIK REALTY

    11429 E 8 Mile Rd, Warren, MI 48089

Why Live in Detroit

Detroit's cultural landscape features the renowned Detroit Institute of Arts, housing an encyclopedic collection, and the historic Motown Museum where legendary artists recorded timeless hits. The 982-acre Belle Isle Park includes the Anna Scripps Whitcomb Conservatory and aquarium, while the Henry Ford Museum showcases American innovation through iconic artifacts. The food scene has evolved with standout restaurants like Selden Standard, known for New American cuisine from locally sourced ingredients, and Marrow, an upscale bistro focusing on ethically sourced meats.

The housing market presents diverse options across distinct neighborhoods. Indian Village commands the highest median single family home price at $500,000, while Palmer Woods follows at $754,000. More moderate options exist in Rosedale Park, where the median single family home price is $237,000. Citywide, the median sale price sits at $92,000, with median townhome prices at $412,500. One-bedroom condos have a median price of $149,900, while two-bedroom condos reach $264,900.

Detroit's cost of living measures 2.9% above the national average. A married couple with children needs approximately $109,000 annually to live comfortably, while renters should aim for $58,000. The property tax rate in Wayne County is 1.64%, slightly higher than nearby Ann Arbor at 1.56%. Michigan maintains a 4.25% state income tax rate, with Detroit residents paying an additional 2.4% local income tax.

The city maintains strong educational options, including University Liggett School and Detroit Waldorf School, both highly rated private institutions. Wayne State University and the University of Detroit Mercy provide higher education opportunities. Public transportation includes the DDOT bus system and the QLine streetcar along Woodward Avenue. The city experiences four distinct seasons, with summer highs reaching the low 80s Fahrenheit and regular snowfall during winter months.

Frequently Asked Questions

What is the average home price in Detroit, MI?
Homes for sale in Detroit, MI have an average home price of $149,344.
How many homes have sold over the last 12 months in Detroit, MI?
5,133 homes have sold in Detroit, MI over the last 12 months.
Is Detroit, MI a safe city?
In general, the safest neighborhoods in Detroit, MI with lower crime scores are Green Acres, Sherwood Forest, Detroit Golf Club and Rosedale Park.
What are the most popular zip codes in Detroit, MI?
The most popular zip code in Detroit, MI is 48207.
What are the most popular neighborhoods in Detroit, MI?
The most popular neighborhoods in Detroit, MI with the most homes for sale are Franklin Park, Bagley, Morningside, Regent Park and Fitzgerald.
How much do you need to make to afford a house in Detroit?
The median home price in Detroit is $109,900. If you put a 20% down payment of $22,000 and had a 30-year fixed mortgage with an interest rate of 6.21%, your estimated principal and interest payment would be $540 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $23K a year to afford the median home price in Detroit. Learn how much home you can afford with our Home Affordability Calculator.
How are the schools in Detroit, MI?
Detroit, MI has highly rated public and private schools. Some of the best schools in Detroit based on Niche Grades are Detroit Waldorf School, Grosse Pointe Academy and University Liggett School. The neighborhoods in Detroit with the highest rated schools are Far West Detroit, Cornerstone Village and Greenfield Park. Browse all the schools in Detroit, MI to learn more.

Home Trends in Detroit, MI

Housing Trends

Median Sale Price
$97,000
Median Single Family Sale Price
$95,000
Median Townhouse Sale Price
$401,915
Median 2 Bedroom Sale Price
$279,950
Median 1 Bedroom Sale Price
$135,000
Average Price Per Sq Ft
$98
Number of Homes for Sale
2,777
Last 12 months Home Sales
5,133
Months of Supply
6.50
Median List Price
$109,900
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
11%
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