31 W Barrett Ave, Madison Heights, MI, 48071
About This Home
Welcome to 31 Barrett, a prime upper–lower duplex offering strong cash flow and value-add upside. This property was appraised at $290,000 in December 2025 and features two separate units with tenants currently on month-to-month leases, providing flexibility for an investor to come in, make improvements, and raise rents. The upper unit is Section 8 and rented month to month, while the lower unit offers significant value-add potential and is also month to month. Utilities are paid directly by the tenants, with water paid by the landlord and reimbursed through a bill-back system. This is an excellent opportunity for an investor seeking a solid rental or an owner-occupant looking to house hack while enjoying nearby local conveniences. Seller is open to a mortgage takeover with a minimum of 25% down (non-negotiable). Don’t miss your chance to secure a great cash-flowing duplex with upside potential
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1928
Materials
- Foundation: Basement,Block
- Roof: Asphalt
- Construction materials: Aluminum Siding
Notable Dates
- Major remodel year: 2025
Type & Style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Finished area above ground: 1,584
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Ceiling Fans,Central Air
Interior Area
- Total interior livable area: 1,584 sqft
Property
Details
- Parcel number: 2523482012
- Zoning description: MultiFamily
- Special condition: Short Sale No,Standard
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Patio & porch: Covered
Lot
- Lot size: 4,356 sqft
- Lot size dimensions: 40.00 x 105.00
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Oakland County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,390 | $16,680 |
| Home Insurance * | $127 | $1,524 |
| Property Taxes | $286 | $3,432 |
| Electricity | $188 | $2,259 |
| Total | $1,991 | $23,892 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-22 | Price change | $275,000 |
| 2026-02-17 | Price change | $279,000 |
| 2026-02-10 | Price change | $280,000 |
| 2026-02-05 | Listed for sale | $285,000 |
| 2025-12-30 | Listing removed | $279,000 |
| 2025-09-18 | Listed for sale | $279,000 |
| 2025-09-16 | Listing removed | $283,900 |
| 2025-08-21 | Listed for sale | $283,900 |
| 2025-08-21 | Listing removed | $283,900 |
| 2025-07-25 | Price change | $283,900 |
| 2025-05-29 | Price change | $284,000 |
| 2025-05-10 | Listed for sale | $285,000 |
| 2024-05-06 | Sold | $265,000 |
| 2024-03-25 | Pending sale | $266,500 |
| 2024-03-22 | Listed for sale | $266,500 |
| 2022-12-21 | Sold | $204,000 |
| 2022-11-21 | Pending sale | $210,000 |
| 2022-11-11 | Listed for sale | $210,000 |
| 2021-08-07 | Listing removed | -- |
| 2021-07-29 | Price change | $1,100 |
| 2021-07-10 | Listed for rent | $945 |
| 2021-01-20 | Sold | $168,744 |
| 2020-11-07 | Listed for sale | $170,000 |
| 2015-11-12 | Sold | $61,000 |
| 2015-08-17 | Price change | $69,900 |
| 2015-06-25 | Price change | $79,900 |
| 2015-06-09 | Listed for sale | $85,000 |
| 2013-05-12 | Sold | $650 |
| 2012-08-01 | Sold | $42,500 |
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