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Renovated Duplex with Two Units
For Sale
$309,900

1162 Virginia Park St, Detroit, MI 48202

Both apartments are occupied and feature updated kitchens, baths, HVAC systems, and appliances.

Property SizeContact for details
Days on Market127

Property Features for 1162 Virginia Park St

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Additional Details

Multifamily Units 2

Building Details

Year Built 1913
Tenancy Multi
Listing Agency: Grant and Main, LLC
Listed By: Stacey Leid
Source: Premiermichiganhomesearch
Added: Apr 28 Changed: Aug 29 Last Checked: Aug 31 at 6:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grant and Main, LLC

Investment Insights

Based on property information with market context.

Built in 1913, this two-unit residential property has undergone extensive renovation while retaining its duplex configuration. Improvements include interior painting, foundation repairs, new HVAC systems for both apartments, replacement windows in select areas, and a new gutter system. Each unit includes appliances, a remodeled kitchen with new cabinetry and granite countertops, and a bathroom updated with ceramic surrounds and new vanities.

Both apartments are occupied, providing an operating residential income asset at 1162 Virginia Park St in Detroit. The property has a Walk Score of 70, a Bike Score of 56, and a Transit Score of 47, reflecting access to walking, biking, and public transportation options.

Key Highlights

  • Two‑unit duplex built in 1913
  • Both apartments are occupied
  • New HVAC systems installed in both units

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Kitchen & Bath Showroom HVAC Service Computer & Electronic Repair Plumbing Service Furniture & Home Goods Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,487
Businesses Nearby

Demographics for 48202, MI

17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Both apartments are occupied and feature updated kitchens, baths, HVAC systems, and appliances.
Where is this duplex located?
The property is located at 1162 Virginia Park St Detroit, MI.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1913; Both apartments are occupied; New HVAC systems installed in both units
More about this property
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