3934 Helen St, Detroit, MI 48207, Detroit, MI

Grand Victorian Investment Opportunity – Prime Detroit Multi-Family
Rare Find: Historic 3,084 SF Multi-Family Gem with Major Exterior Work Complete
Discover an exceptional value-add opportunity in Detroit’s Gratiot-Grand neighborhood. This substantial 1916-built multi-family property combines old-world craftsmanship with modern investment potential—and significant exterior restoration already invested.
Property Highlights
??? Impressive Scale & Bones

Generous 3,084 square feet across multiple units
Solid century-old construction built to last
2 bedrooms | 3 bathrooms
Expansive 6,534 SF lot providing excellent land value

? Major Exterior Investment Complete

Extensive professional brickwork throughout the property
Missing bricks replaced on main structure, front steps, and porch
Structural integrity enhanced and preserved
Curb appeal foundation established
Costly exterior restoration work already handled

?? Investment Advantages

Multi-family income potential – multiple revenue streams from day one
Gratiot-Grand location – established Detroit neighborhood with connectivity
Reduced renovation timeline – significant exterior work complete
Strong fundamentals – robust structure with recent masonry investment
ZIP 48207 – area positioning for Detroit’s continued revitalization

The Opportunity
This is a full rehabilitation project ideal for experienced investors, developers, or renovation specialists seeking substantial upside. With the costly and labor-intensive brickwork already completed, you can focus your budget and efforts on interior transformation and systems upgrades.
The grand scale, solid foundation, and completed exterior masonry provide the perfect platform for transformation into:

High-end multi-family rental units
Owner-occupied multi-generational home with income potential
Luxury conversion showcasing historic character
Value-add flip with significant profit margins

Perfect for: Investors seeking cashflow properties | Fix-and-flip specialists | Developers with vision | Portfolio builders