Back 5025 Somerset Ave
Off Market

5025 Somerset Ave

Detroit MI 48224

2
1772 sq. ft.
0.11 ac.
Multi-Family
Last sold for $163,000
Elijah CookElijah Cook, last sold this property on 04 August 2025 after -10 days on market.

Overview

Welcome to 5025 Somerset, a fully renovated, vacant duplex nestled in one of Detroit's resurging neighborhoods. It's perfect for first-time buyers looking to house hack or investors seeking strong cash flow from day one. This property has been completely upgraded in 2024-2025, offering peace of mind with all major systems modernized: New roof New PVC plumbing and updated electrical New furnace and hot water tank (to be installed prior to appraisal) Brand-new appliances in both units (refrigerator, stove/oven, microwave) Each unit is move-in ready: Upper Unit – 1 bedroom, projected rent: $750/mo Lower Unit – 2 bedrooms, projected rent: $1,250/mo Estimated Total monthly income: $2,000 With low estimated expenses - currently estimated property taxes are around $3,500 annually and a projected mortgage of around $1,600/mo - this property delivers an estimated CAP rate of 9.6% (based on projected net income), making it a prime buy-and-hold or house-hack opportunity. Additional highlights: Privacy fence for added security and outdoor enjoyment Located minutes from Downtown Detroit, major freeways, and local shopping, Vacant and ready for immediate occupancy or lease-up Whether you're an investor looking to expand your portfolio or a first-time homebuyer ready to build equity, Somerset checks all the boxes. Schedule your tour today and lock in your next income-producing asset.

Features

2 bathrooms
1772 sq. ft. floor area
0.11 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 5025 Somerset Ave is $130k.

Median value
$130k
Estimated value range
$56k - $1m
Median days on market
28
Estimated value trend
5%
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 5025 Somerset Ave

2025
Sold
$163,000
04 Aug 2025 by Elijah Cook, of KW Metro
2024
Sold
$29,000
12 Apr 2024 by Amanda Johnson Bashor, of Exclusive House of Real Estate
2019
Sold
$89,900
03 Oct 2019

Happy sellers in Detroit

95%
95% of sellers in Detroit reported that their sale price either exceeded or met their price expectations.

Detroit stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in Detroit over the last 12 months.

Local market activity for multi families in Detroit

In the last 12 months, 43 multi families similar to 5025 Somerset Ave, have been sold.

This represents a 15% decrease in multi families sales when compared to the previous 12 months.

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