1197 VIRGINIA PARK Street Detroit, MI 48202
Apartments,Business And Real Estate - Detroit, MI
Property size:
16,546 SFLot size:
0.32 Acres- Added:
- Mar 20, 2026
- Days on Market:
- 16
- Last Refresh:
- Apr 4 at 9:06 am
Property Features for 1197 VIRGINIA PARK Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- W06I001766S
- Size
- 16,546 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5518
Building Details
- Year built
- 1916
- Year renovated
- 2015
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Other
Listing agent James T Silver (248) 530-7292
Listing office Keller Williams Somerset 888 W Big Beaver Road #200, Troy, MI (248) 649-7200
Listing date Mar 20, 2026
MLS# 20261018059
Listing URL
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Detroit Multifamily Investment Opportunity
Located in Detroit’s Virginia Park neighborhood, this well-maintained 9-unit townhouse-style multifamily property presents an investment opportunity. Situated in the New Center area within an Opportunity Zone, the property offers rental potential and long-term upside. The building features a unit mix including six 2-bedroom units, two 5-bedroom units, and one 4-bedroom unit. All units are currently occupied, providing immediate cash flow. Exterior updates include a freshly painted exterior and brand-new gutters, both planned for 2025. Multiple units have been remodeled between 2024 and 2025. Each unit is equipped with central air conditioning, newer furnaces, hot water tanks, and updated appliances, including in-unit washers and dryers. Additional features include semi-finished basements, ADT alarm systems, and an exterior security camera system. The property has been owned and professionally managed for over 20 years. It is located near Henry Ford Hospital, Wayne State University, downtown Detroit, QLine transit, and major freeways. The property size is 16,546 square feet, which includes basements each with own baths, and the lot size is 0.32 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0879131
- Latitude
- 42.3719339
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 9-unit multifamily property in Detroit's Virginia Park neighborhood.
Where is this apartment building located?
The property is located at 1197 VIRGINIA PARK Street Detroit, MI.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Fully occupied 9‑unit townhouse‑style multifamily property PROVIDING IMMEDIATE CASH FLOW.; Located in Detroit's desirable Virginia Park neighborhood within an Opportunity Zone.; Diverse unit mix (six 2‑bedroom, two 5‑bedroom, one 4‑bedroom) maximizing rental income.
