$133,000
SOLD NOV 10, 2025

2523 David St Melvindale, MI 48122

2 Beds
2 Baths
3,703 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$36 Per Sq Ft

11% Below List Price

5 Days on Market

About This Home

As of November 2025

Investor Special – 2523 David St, Melvindale, MI 48122. Attention investors and savvy buyers! This duplex is the perfect opportunity to add to your rental portfolio or begin your next renovation project. Offered as an Investor Special, this property is available for cash, conventional, or FHA 203K financing only. Each unit offers great potential with solid bones and room for improvement — ideal for maximizing long-term value and rental income. Located in a desirable Melvindale neighborhood with strong rental demand, this property provides easy access to major highways, shopping, and local amenities. Important Showing Information: A licensed REALTOR® must accompany all potential buyers. A Hold Harmless form must be submitted to the listing agent prior to entering the property — no exceptions. Don’t miss your chance to turn this investment opportunity into profit. Schedule your showing today!

Last Agent to Sell the Property

Michael Olivero

EXP Realty License #6501445087 Listed on: 10/24/2025

EXP Realty

Last Buyer's Agent

Nicholas Zeoli

Real Broker LLC License #6501399249

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35x105.7

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 3,703 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 47003020191000

Community Details

Overview

  • 2 Units
  • Penn Park Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1924
  • State Equalized Value: 85100.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 3703

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 35X105.7
  • Parcel Number: 47003020191000
  • Zoning: Multi-Family

Tax Info

  • Tax Amount Summer: 3339.0000
  • Tax Amount Winter: 1780.3000
  • Total Tax: 5119.3000
  • Taxable Value: 49555.0000

Multi Family

  • Number Of Units Total: 2
  • Number of Loft Units: 1

MLS Schools

  • School District: Melvindale Allen Pk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2012
Sold by
Wayne County Treasurer
Bought by
Myrick Andrew R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $10,500 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2025 11/10/25 Sold $133,000 -10.7% $36 / Sq Ft
10/29/2025 10/29/25 Pending -- -- --
10/24/2025 10/24/25 For Sale $149,000 -- $40 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,339 $85,100 $0 $0
2024 $2,567 $70,800 $0 $0
2023 $2,441 $68,900 $0 $0
2022 $3,924 $62,100 $0 $0
2021 $4,195 $54,800 $0 $0
2020 $3,781 $44,800 $0 $0
2019 $3,545 $44,100 $0 $0
2018 $2,038 $44,100 $0 $0
2017 $2,083 $44,800 $0 $0
2016 $3,013 $43,100 $0 $0
2015 $3,861 $39,000 $0 $0
2013 $3,770 $39,700 $0 $0
2012 $3,202 $38,700 $2,500 $36,200
Source: Public Records

Agents Affiliated with this Home

  • Michael Olivero

    Seller's Agent in 2025

    Michael Olivero

    EXP Realty

    (734) 250-1254

    2 in this area

    55 Total Sales

    Michael Olivero
    Section Image
  • Nicholas Zeoli

    Buyer's Agent in 2025

    Nicholas Zeoli

    Real Broker LLC

    (248) 860-3268

    9 in this area

    424 Total Sales

    Nicholas Zeoli
    Section Image
  • Talaal Chaudhry

    Buyer Co-Listing Agent in 2025

    Talaal Chaudhry

    Real Broker LLC

    (888) 501-7085

    2 in this area

    77 Total Sales

    Talaal Chaudhry
    Section Image
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Map

Source: Realcomp

MLS Number: 20251047937

Realcomp

APN: 47-003-02-0191-000

Michigan Wayne County Melvindale 48122

2523 David St, Melvindale, MI

Sold

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial 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.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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