2928 Richton Street

Off Market

2928 Richton Street

Detroit MI 48206

4960 sq. ft.

0.14 ac.

Multi-Family

Last sold for $235,000

Erick Howard, last sold this property on 04 September 2026 after 287 days on market.

Overview

Unlock incredible income potential with this solid 4-unit multi-family building, each unit featuring three spacious bedrooms--a rare configuration that commands strong rents in the Detroit market. Located on historic Richton Street in the revitalizing Dexter-Linwood district, this property is ideal for investors seeking dependable cash flow and long-term appreciation. This well-maintained brick building offers major value, including: * Four (4) 3-bedroom units * Separate gas and electric meters--tenants pay their own utilities * Four (4) NEW furnaces--one for each unit, reducing future maintenance costs * Large living and dining rooms in each unit * Spacious kitchens with great layout potential * Shared basement with ample storage * Classic Detroit architectural character With high rental demand for 3-bedroom units in this area, investors can position this building for excellent monthly income. The separate utilities and new mechanicals make this an efficient, low-maintenance addition to any portfolio. Conveniently located near major corridors, public transit, schools, and ongoing neighborhood redevelopment, this property is well-situated for both stability and growth. Don't miss out--schedule a tour today and discover the full potential of 2928 Richton Street!

Features

5 bathrooms

4960 sq. ft. floor area

0.14 ac. lot size

Multi-Family

Estimated Value

Based on this property and similar multi families sold in Detroit over the last 12 months, the estimated median property value of 2928 Richton Street is $110k.

Median value

$110k

Estimated value range

$2.2k - $1m

Median days on market

Estimated value trend

16%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Detroit. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2928 Richton Street

2026

Sold

$235,000

04 Sep 2026 by Erick Howard, of Amin Realty

Happy sellers in Detroit

We have insufficient information to provide an overview of customer satisfaction for Detroit. Viewing the agent profiles, reviews and sales for Detroit can provide insights for this location.

Local market activity for multi families in Detroit

In the last 12 months, 79 multi families similar to 2928 Richton Street, have been sold.

This represents a 12% increase in multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Detroit for a market analysis.

Randall Fogelman

at O'Connor Realty Inc

(97 reviews)

Get a market analysis

Erik Hill

at Nika & Co

4.9

(15 reviews)

Get a market analysis

Mark Poloney

at REMAX First | Royal Oak

(3 reviews)

Get a market analysis

Nada Chamoun

at Apex Realty Centers

(17 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Detroit

Randall Fogelman

Sellers who recommend Randall Fogelman have praised them for being local expert, supportive, responsive, reliable, clear communication, great negotiation, and patient