15003 Forrer St, Detroit, MI, 48227
About This Home
Fully Occupied Two-Family Brick Corner Property – Investor Special! Welcome to 15003 Forrer, a solid brick duplex offering immediate rental income and long-term upside. Both units feature 2 bedrooms, 1 full bath, a spacious living room, formal dining room, and a full kitchen. Each unit also includes a four-seasons bonus room on the rear of the home—perfect for additional storage, office space, or a cozy sitting area. Both tenants are agency tenants. Guaranteed cash flow. Upper & Lower Units Are Both Tenant-Occupied, producing steady income from day one. The property sits on a corner lot with fencing, offering added privacy and curb appeal. Strong rental area with continued demand for multi-family properties. This is an ideal property for: Seasoned investors expanding their portfolio New investors looking to start with an income-producing asset Buyers exploring house hacking while generating rental income Key Highlights: Fully occupied – rent collection begins at closing Brick construction on a corner lot Four-seasons room in both units Separate living & dining rooms in each unit Close to major roads, amenities, and public transit Don’t miss this opportunity to secure a cash-flowing multi-family in an appreciating market. Schedule your showing today!
Getting Around
Very Walkable
Good Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1928
Materials
- Foundation: Basement,Block
- Roof: Asphalt
- Construction materials: Brick
Notable Dates
- Major remodel year: 2024
Type & Style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subType: Duplex
Interior
Basement
- Has basement: Yes
- Basement: Full,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Finished area above ground: 2,246
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total interior livable area: 2,246 sqft
Property
Details
- Parcel number: W22I054471S
- Zoning description: MultiFamily, Residential
- Special condition: Short Sale No,Standard
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Lot size: 4,791 sqft
- Lot size dimensions: 34 x 142
Parking
- Total spaces: 2
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
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Wayne 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 | $773 | $9,276 |
| Home Insurance * | $547 | $6,564 |
| Property Taxes | $187 | $2,244 |
| Electricity | $244 | $2,939 |
| Total | $1,751 | $21,012 |
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 |
|---|---|---|
| 2026-02-20 | Price change | $153,000 |
| 2025-11-10 | Listed for sale | $173,000 |
| 2025-10-11 | Listed for rent | $1,165 |
| 2025-01-22 | Listing removed | $1,165 |
| 2024-09-18 | Listed for rent | $1,165 |
| 2024-08-04 | Listing removed | -- |
| 2024-08-03 | Listed for rent | $1,250 |
| 2024-06-29 | Listing removed | -- |
| 2024-06-24 | Listed for rent | $1,165 |
| 2024-06-24 | Listing removed | -- |
| 2024-06-11 | Listed for rent | $1,165 |
| 2024-06-10 | Listing removed | -- |
| 2024-06-08 | Listed for rent | $1,165 |
| 2022-11-14 | Listing removed | -- |
| 2021-02-12 | Sold | $104,900 |
| 2021-01-12 | Pending sale | $55,900 |
| 2021-01-12 | Listed for sale | $55,900 |
| 2020-11-13 | Pending sale | $55,900 |
| 2020-10-22 | Price change | $55,900 |
| 2020-10-11 | Listed for sale | $59,900 |
| 2015-10-25 | Listing removed | $750 |
| 2015-10-10 | Listed for rent | $750 |
| 2015-05-20 | Listing removed | $800 |
| 2015-05-07 | Listed for rent | $800 |
| 2014-12-18 | Sold | $10,000 |
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