227 King ST , Detroit, MI 48202
Est. $4,961/mo with current taxes · · See the breakdown
About this home
Exceptional opportunity to own a beautifully renovated historic residence offering nearly 5,000 square feet of living space and three distinct units in Detroit’s North End. Ideal for an owner-occupant seeking additional rental income, Multigenerational living, or a sophisticated multi-unit investment, the property combines the character of a historic Detroit home with extensively updated interiors and exceptional flexibility. The expansive primary residence offers four bedrooms and two full baths with beautifully renovated living spaces, exposed brick, original architectural character, and contemporary finishes. A separately appointed two-bedroom residence has also been fully renovated, while the partially finished studio/loft offers substantial additional living space and the opportunity for the next owner to complete the remaining finishes to their vision. Each residence offers private laundry, and the property includes ample parking. Centrally located near Detroit’s premier sporting venues, museums, cultural attractions, restaurants, and entertainment destinations, the property offers both historic character and convenient access to the city’s most celebrated amenities.
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 64.18 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $599,000 |
| Beds | 7 |
| Baths | 4 full |
| Square feet | 4,819 |
| Type | Single family residence |
| Subdivision | JOS R MC LAUGHLINS |
| County | Wayne |
| MLS # | 20261089530 |
| Listed | 2026-11-05 |
| Days on market | 1 |
| Year built | 1894 |
| Possession | At closing |
| Stories | 3 stories |
| Basement | Unfinished |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Poured |
| Water / Sewer | City water & sewer |
| Fireplace | Yes |
| Parcel number | W01I002788S |
| Listing office | @properties Christie's Int'l RE Northville |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $117,069 | about $299,500 |
| Yearly property tax | $13,274 | about $19,223 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $5,949 a year more than this seller pays. The assessor's state equalized value (SEV) is $157,000. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Detroit's 2025 homestead rate of 64.18 mills and assumes you claim the homestead exemption. See Detroit's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-11-06T10:58+00:00; refreshed at least twice daily.