Turnkey investment opportunity in Detroit! 9242 Meyers Rd is a tenant-occupied 3-bedroom, 1-bath bungalow offering immediate cash flow and strong rental potential. Featuring a functional single-family layout with solid investment appeal, this property is ideal for investors looking to add a performing asset to their portfolio. Currently generating income with an estimated 13% cap rate, making this an excellent opportunity for both seasoned and new investors. Conveniently located near major roads, shopping, schools, and local amenities. Tenant occupied -- please do not disturb tenant. Showings available with accepted offer or approved access only.
Est. $1,126 per month, based on comparable rentals
Sale and tax history for 9242 Meyers Rd
Sale History
Tax History
Date
Event
Price
REALCOMP #20261035652
Aug 7, 2026
Pending
—
Aug 7, 2026
Sold
$110,000
$81/sq ft
May 18, 2026
Listed
$110,000
$81/sq ft
Turnkey investment opportunity in Detroit! 9242 Meyers Rd is a tenant-occupied 3-bedroom, 1-bath bungalow offering immediate cash flow and strong rental potential. Featuring a functional single-family layout with solid investment appeal, this property is ideal for investors looking to add a performing asset to their portfolio. Currently generating income with an estimated 13% cap rate, making this an excellent opportunity for both seasoned and new investors. Conveniently located near major roads, shopping, schools, and local amenities. Tenant occupied — please do not disturb tenant. Showings available with accepted offer or approved access only.
MiRealSource-MiMLS #60993879
Aug 7, 2026
Sold
$110,000
$81/sq ft
May 18, 2026
Listed
$110,000
$81/sq ft
TURBOTENANT #1
Aug 20, 2024
Rental Removed
$1,400
$1/sq ft
Jul 21, 2024
Listed for Rent
$1,400
$1/sq ft
REALCOMP #20230104120
Jul 17, 2024
Sold
$35,000
$26/sq ft
Mar 12, 2024
Pending
—
Mar 9, 2024
Contingent
—
Feb 9, 2024
Price Changed
$47,900
$35/sq ft
Dec 16, 2023
Listed
$55,900
$41/sq ft
Dec 15, 2023
Coming Soon
$55,900
$41/sq ft
This three-bedroom bungalow with a newer roof in the Barton McFarland community is priced to sell, and just needs cosmetic updates. There are two bedrooms on the entry level and a large second-floor primary bedroom with an unfinished half bath that needs to be completed. As-is sale, the buyer will have to do the clean-out.
MiRealSource-MiMLS #60278300
Jul 17, 2024
Sold
$35,000
$26/sq ft
Mar 12, 2024
Pending
—
Mar 9, 2024
Contingent
—
Feb 9, 2024
Price Changed
$47,900
$35/sq ft
Dec 16, 2023
Listed
$55,900
$41/sq ft
Dec 15, 2023
Coming Soon
$55,900
$41/sq ft
Dec 15, 2023
Listed
$47,900
$35/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$8,020 (+708.5%)
2024
$992 (+3.4%)
2023
$960 (+282.6%)
2022
$251 (−73.4%)
2021
$943 (+4.2%)
2020
$905 (+1.4%)
2019
$893 (+3.9%)
2018
$859 (+0.2%)
2017
$858 (−0.5%)
2016
$862 (−10.8%)
2015
$966 (−7.7%)
2014
$1,047 (−9.6%)
2013
$1,158
Public record
Public record
Zoning
Beds
—
Baths
1
Stories
1.5
Lot width
35 ft.
Lot depth
122 ft.
Lot size
4,356 Sq. Ft.
Year renovated
—
Sq. Ft.
1,345
Year built
1925
Style
Single Family Residential
County
Wayne County
APN
18018613.
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 24, 2026.
R2
Two-Family Residential District
The R2 Two-Family Residential District is designed to protect and enhance those areas developed or likely to develop with single- or two-family dwellings. The district regulations are designed to promote a suitable environment for homes and for activities connected with family life. The only principal uses permitted by right are single- and two-family dwellings. Additional uses are conditional.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Property details
Parking
Parking/Garage Information
Has Garage
# of Parking Spaces in Garage: 1
Garage Type: Detached Garage
Interior
Interior Features
# of Rooms (Total): 4
Bedroom Information
Bedroom 1 Level: Entry
Bedroom 1 Dimensions: 12 x 10
Bedroom 2 Level: Entry
Bedroom 2 Dimensions: 10 x 10
Bedroom 3 Level: Second
Bedroom 3 Dimensions: W=10
Bathroom Information
# of Bathrooms (Full): 1
# of Baths/Lavatories (Total): 1
Bathroom 1 Information
Bathroom 1 Level: Entry
Laundry/Basement Information
Basement : Has Basement
Basement Type: Unfinished
Exterior
Exterior Features
Exterior Construction: Aluminum
Foundation Type: Basement
Property Information
Property Type: Residential
Structure Style: 1 1/2 Story
Year Built: 1925
Below Grade Sq. Ft.: 864
Lot Information
Lot Size: 35,121.75
Land Contract Terms Months: 36
Land Contract Monthly Payment: $1,476
Land Contract Interest Rate: 4
Land Information
Land Contract: Yes
Acreage: 0.1
Roads: Paved Street
Frontage: 35
Financial
Tax/Assessments Information
Taxable Value: $45,800
Total Tax Amount: $5,134
Summer Tax Amount: $3,634
Winter Tax Amount: $1,500
Lease/Rent Information
Has Lease
Utilities
Utility Information
Heat/Fuel Type: Natural Gas
Water: Public Water
Heating System: Forced Air
Location
Unit 5 Information
Living Room Dimensions: L=1365
School Information
School District: Detroit City School District
School District: Detroit City School District
Address Information
Street Designation: Road
Location Details
Directions: North of Joy Rd, South of W Chicago
Municipality Type: City
Municipality: Detroit
Mail City: Detroit
Subdivision: B E Taylors Middlepoint Sub
Municipality: Detroit
Area (Municipality): Detroit (82001)
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 1,345
Stories: 1.5
Lot Size: 4,356 square feet
Style: Single Family Residential
Year Built: 1925
Year Renovated: —
County: Wayne County
APN: 18018613.
Home facts updated by county records on Oct 24, 2026
Other
Listing Information
Originating MLS: RealComp
No
Around this home
Schools
Mackenzie Elementary-Middle School
Public PreK-8 • Assigned • 0.4mi
3/10
Cody High School
Public 9-12 • Assigned • 2.7mi
3/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 97° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Detroit, MI • 48228 2632
Average low and high temperatures (°F)
29
17
35
21
53
33
62
42
68
50
82
62
86
68
80
63
78
57
66
47
50
38
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Detroit. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$109,000 – $131,000
Sell confidently with a local market expert in Detroit.