5-Bedroom Detroit Brick Home With 3,130 Sq Ft Listed for Just $49,900

A massive brick home in Detroit, Michigan, has returned to the market for just $49,900, offering five bedrooms, two-and-a-half bathrooms and more than 3,100 square feet of above-ground living space.

Located at 4626 Lakewood Street in Detroit’s Fox Creek area, the bungalow-style residence was built in 1926 and sits on an approximately 8,276-square-foot lot, or about 0.19 acres.

The newest Realcomp MLS listing reports 3,130 square feet of living space.

At the current $49,900 asking price, that works out to roughly $16 per square foot—an eye-catching figure for a home of this size.

The property is being sold as-is and is clearly positioned as a renovation opportunity rather than a completely finished move-in-ready home.

Its size is one of the biggest attractions.

With five bedrooms and two full bathrooms plus one half bathroom, the house offers considerably more space than many homes found in this price range.

The 1.5-story layout provides all 3,130 advertised square feet above grade, according to the active MLS.

A basement underneath the house adds additional utility and storage space, although the newest listing describes it as unfinished.

That distinction is important because older Zillow information from a previous listing cycle showed a larger 4,130-square-foot total that included approximately 1,000 square feet of finished basement space.

The fresh 2026 MLS instead advertises 3,130 square feet and identifies the basement as unfinished, making the newer figures the safer numbers to use.

Outside, the home’s brick construction gives it the substantial appearance typical of many early-20th-century Detroit houses.

A covered front porch provides another classic feature.

The property does not currently include a garage, but driveway parking is available.

The lot measures roughly 50 by 162 feet based on older listing records, creating a long residential parcel with room behind the house.

Public water and public sewer serve the property.

Natural-gas forced-air heat is listed, while ceiling fans are noted for cooling. The current MLS does not advertise central air conditioning.

There is no homeowners association.

The location is also highlighted by the listing agent.

The property sits within convenient reach of Detroit’s riverfront, parks, downtown restaurants and major freeway routes, giving a future owner access to both neighborhood amenities and central Detroit.

The market history adds another interesting layer.

The property previously appeared for sale in 2024, when it was initially offered at $129,900 before being reduced to $99,000.

Public records later show a $65,000 transaction during that period.

The home changed hands again for $39,000 earlier in 2026.

Now, under a brand-new Realcomp listing, it returned to the market on October 20, 2026, with a $49,900 asking price.

That means the current price is nearly $80,000 below the $129,900 asking price seen during the earlier 2024 marketing cycle, although the property’s ownership and condition have changed since then.

The active listing also specifies cash terms, which is particularly important for buyers considering the property.

Because it is an as-is sale, anyone interested in purchasing should carefully inspect the structure, mechanical systems, plumbing, electrical service and basement before moving forward.

For someone seeking a fully renovated turnkey house, substantial work could still be required.

But for a buyer focused on sheer space and a low entry price, 4626 Lakewood Street is difficult to ignore.

With five bedrooms, two-and-a-half bathrooms, 3,130 square feet above grade, classic brick construction and an asking price of only $49,900, this nearly century-old Detroit home offers a large canvas for its next renovation.

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Listed on Zillow