The man, aged 62, was found dead at a house he is believed to have lived alone in at Beehive Walk shortly before midnight last night.
Detectives are treating his death as suspicious but said they are "keeping an open mind" regarding the circumstances.
The cause of death has not yet been confirmed.
Interactive map of the area:
The semi-detached house remained cordoned off this morning as forensic investigators dressed in white overalls examined the scene.
Officers focused some of their attention on the house's front door, which had a blue police sheet covering it next to a red hatchback parked within the cordon.
A West Midlands Police spokesman said: "Detectives are investigating after the body of a man was found at a house in Tipton last night.
"Officers were called to Beehive Walk at around 11:50pm, where the body of a 62-year-old man was found. His death is currently being treated as suspicious.
"Officers are keeping an open mind around the circumstances of his death."
Beehive Walk is a 50-metre residential road next to the Birmingham Canal just down from The Fountain Inn on Owen Street.
One neighbour, who wished not to be named, said: "I feel really sorry for the family. I heard the door was found in the canal. It is horrible round here, it is shocking to see.
"I grew up around here, it never used to be like this. But in the past three or fours years it has gotten bad.
"It is horrible round here what is happening, especially when it is on your doorstep."
She added: "There is not enough police anymore and there is not enough deterrent for people committing crimes."
Another nearby resident added: "I was shocked to get up this morning and see police cars and the street taped off."
Anyone with information is asked to contact police via Live Chat on their website or by calling 101 quoting log number 2980 of October 16.
Alternatively contact Crimestoppers anonymously on 0800 555 111.
Reporter Jamie Brassington is at the scene:
Police forensics are on the scene. A blue sheet has been placed over the front door of the property. Beehive Walk has been cordoned off.— Jamie Brassington (@JamieB_Star) October 17, 2019
A member of the public, whose father lives nearby, said this used to be a quiet neighbourhood, but added: "It has got bad round here in the past three to four years."— Jamie Brassington (@JamieB_Star) October 17, 2019