34-Unit Apartment Building
For Sale
$175,000
Pending
2987 GLADSTONE St, Detroit, MI 48206
34-unit apartment building on Detroit's West Side.
Property Size28,696 SF
Lot Size0.29 Acres
Days on Market257
Property Features for 2987 GLADSTONE St
General Information
Standard status
Pending
Size
28,696 SF
Lot size
0.29 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$347
Building Details
Building Size
28,696 SF
Year Built
1925
Units
34
Listing Agency:
Detroit Progress Realty LLC
(313) 888-6060
Listed By:
Mikhail Grigoryan · License #6502425564
(313) 888-6060
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 8
Last Checked: Aug 11 at 8:19AM
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 Detroit Progress Realty LLC
Investment Insights
Based on property information with market context.
This is a rare opportunity to own a 34-unit apartment building located on Detroit's West Side in the Jamison Neighborhood. The property is situated near Wildemere Park, Boston Edison, Henry Ford Hospital, and New Center, with convenient access to Downtown and Midtown. The building comprises 26 one-bedroom units, 4 two-bedroom units, and 4 three-bedroom units. There is potential to acquire additional lots and land surrounding the building and on the block through the city. Note: the buyer must submit a demo deferral application after closing with the City of Detroit.
Key Highlights
- 34‑unit apartment building in Detroit's Jamison Neighborhood
- Diverse unit mix: 26 one‑bed, 4 two‑bed, and 4 three‑bed units
- Proximity to Wildemere Park, Boston Edison, Henry Ford Hospital, and New Center
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
Explore this area
Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 34-unit apartment building on Detroit's West Side.
Where is this apartment building located?
The property is located at 2987 GLADSTONE St Detroit, MI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 34‑unit apartment building in Detroit's Jamison Neighborhood; Diverse unit mix: 26 one‑bed, 4 two‑bed, and 4 three‑bed units; Proximity to Wildemere Park, Boston Edison, Henry Ford Hospital, and New Center
