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$374,900

  • For Sale
  • Active
  • Single Family
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Prime Southwest Detroit Investment Opportunity! This fully occupied 4-unit brick multifamily building offers strong, consistent rental income with a desirable mix of spacious 2- and 3-bedroom units. Each unit features both front and rear private entrances, adding convenience and tenant appeal, along with shared basement space for additional storage and functionality. Recent capital improvements include a newer roof, updated windows, and select mechanical upgrades, providing peace of mind and reduced maintenance costs for the next owner. The sale also includes the adjacent lot, offering ample off-street parking in addition to street parking-an exceptional value-add in this area. Located in Southwest Detroit, this property benefits from strong rental demand, proximity to major thoroughfares, local dining, shopping, and employment hubs. Ideal for both seasoned investors and those expanding their multifamily portfolio, this income-producing asset delivers immediate cash flow.

Full Property Details for 1094 Waterman St

General

  • Price: $374,900
  • Taxes: $7,547
  • Status: Active
  • Type: Single Family
  • Source: SWMRIC_MLS
  • MLS ID: 26003270
  • Updated: 1/28/2026
  • Added to Site: 34 day(s) ago

Rooms

Other Rooms

  • Laundry: In Basement

Parking

  • Total Spaces: 6

Location

  • County: Wayne
  • Cross Streets: Waterman and Lafayette

Heating & Cooling

  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Cable Available: Yes
  • Utility Description: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected

Structural Information

  • # Buildings: 1
  • Construction: Brick
  • Basement: Yes
  • Year Built: 1925

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Size (Sq. Ft.): 6,098
  • Lot Dimensions: 40 x 157
  • Frontage: Paved

Financial Considerations

  • Tax Amount: $7,547
  • Terms: Cash, Conventional, Contract
  • Landlord Pays: Trash Collection
  • Tenant Pays: Electricity, Water, Sewer, Gas

Disclosures and Reports

  • Legal Description: E WATERMAN 15 S 10 FT 14 KAIERS SUB L28 P78 PLATS, W C R 18/265 40 X 157.50
  • Property ID: 18008121

Listed by @properties Christie's Int'l, Randi Brandt-Alves

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Listing agent

— 1094 Waterman St —

  • Randi Brandt-Alves

    @properties Christie's Int'l

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1094 Waterman St

School District:Detroit Public Schools Community District
NameGradesDistance
Clemente, Roberto Academy
1551 Beard Street, Detroit, MI 48209
PK-50.3 mi
Earhart Elementary-Middle School
1000 Scotten Street, Detroit, MI 48209
PK-51.2 mi
Western International High School
1500 Scotten Street, Detroit, MI 48209
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1094 Waterman St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/28/2026
Listed
$374,900
134.31%
MLS
9/17/2021
Sold
$160,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1094 Waterman St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$842
—
$76,600
19%
2023
$842
5%
$64,200
27%
2020
$801
111%
$50,600
18%
2022
$379
-53%
$42,800
30%
2020
$801
—
$33,000
-5%
2020
$801
1%
$34,700
29%
2019
$791
-9%
$26,800
4%
2018
$866
—
$25,800
9%
2017
$862
—
$23,600
300%
2016
$865
-2%
$5,900
-5%
2015
$886
-3%
$6,200
-5%
2014
$909
-2%
$6,494
-5%
2013
$932
—
$6,836
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by @properties Christie's Int'l, Randi Brandt-Alves

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1094 Waterman Street, Detroit, MI 48209 (MLS# 26003270) is a Single Family property with 0 bedrooms and 0 full bathrooms. 1094 Waterman Street is currently listed for $374,900 and was received on January 28, 2026. Want to learn more about 1094 Waterman Street? Do you have questions about finding other Single Family real estate for sale in Detroit? You can browse all Detroit real estate or contact a Coldwell Banker agent to request more information.

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