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Multifamily Property in Virginia Park

1197 VIRGINIA PARK St, Detroit, MI 48202

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For Sale

$1,075,000

Well-maintained 9-unit property with strong rental potential.

Type:Commercial

Property size:

16,546 SF

Price / SF:

$64/SF

HighLights

Fully occupied 9‑unit multifamily property providing immediate cash flow.
Located in Detroit's desirable Virginia Park neighborhood within an Opportunity Zone.
Diverse unit mix maximizing rental income with six 2‑bedroom, two 5‑bedroom, and one 4‑bedroom units.
Recent updates include remodeled units (2024‑2025), freshly painted exterior (2025), and new gutters (2025).
Each unit features central air conditioning, newer furnaces, hot water tanks, updated appliances, and in‑unit washers/dryers.
Convenient location near Henry Ford Hospital, Wayne State University, downtown Detroit, QLine transit, and major freeways.

We can help!

Listing Contact

James T Silver

Learn more

For Sale

$1,075,000

Well-maintained 9-unit property with strong rental potential.

Type:Commercial

Property size:

16,546 SF

Price / SF:

$64/SF

Added:: Apr 4, 2026
Days on Market:: 70
Last Refresh:: Apr 4 at 7:00 am

Property Features for 1197 VIRGINIA PARK St

General Information

Standard status: Active
Size: 16,546 SF
Property subtype: Commercial

Building Details

Year Built: 1916

We can help!

Listing Contact

James T Silver

Listing agent James T Silver License #6502374648

Listing office M77 LLC

Listing date Apr 4, 2026

Source Elliman

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 M77 LLC

HighLights

Fully occupied 9‑unit multifamily property providing immediate cash flow.
Located in Detroit's desirable Virginia Park neighborhood within an Opportunity Zone.
Diverse unit mix maximizing rental income with six 2‑bedroom, two 5‑bedroom, and one 4‑bedroom units.
Recent updates include remodeled units (2024‑2025), freshly painted exterior (2025), and new gutters (2025).
Each unit features central air conditioning, newer furnaces, hot water tanks, updated appliances, and in‑unit washers/dryers.
Convenient location near Henry Ford Hospital, Wayne State University, downtown Detroit, QLine transit, and major freeways.

Overview

Located in Detroit’s Virginia Park neighborhood, this well-maintained 9-unit townhouse-style multifamily property presents an investment opportunity within an Opportunity Zone. The building, situated in the New Center area, features a unit mix that includes six 2-bedroom units, two 5-bedroom units, and one 4-bedroom unit. All units are currently occupied, providing immediate cash flow. Updates include a freshly painted exterior (2025) and new gutters (2025). Several units have been remodeled in 2024–2025. Each unit includes 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 conveniently located near Henry Ford Hospital, Wayne State University, downtown Detroit, QLine transit, and major freeways. The property has an estimated total finished area of 16,546 square feet, which includes basements each with their own baths. The bike score is 56, indicating it is bikeable. The walk score is 70, indicating it is somewhat walkable. The transit score is 47, indicating some transit is available.

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City: Detroit
County: Wayne
State: Michigan
Longitude: -83.0879131
Latitude: 42.3719339

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For sale
Apartment buildings
MI
Detroit
48202
1197 VIRGINIA PARK St

What type of property is this?

Apartment building - Well-maintained 9-unit property with strong rental potential.

Where is this apartment building located?

The property is located at 1197 VIRGINIA PARK St 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 multifamily property providing immediate cash flow.; Located in Detroit's desirable Virginia Park neighborhood within an Opportunity Zone.; Diverse unit mix maximizing rental income with six 2‑bedroom, two 5‑bedroom, and one 4‑bedroom units.