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Renovated Two-Family Flat
For Sale
$249,000

2015 Gladstone St, Detroit, MI 48206

Fully occupied duplex with two renovated units, each offering three bedrooms and a full bath plus outdoor space.

Days on Market30

Property Features for 2015 Gladstone St

General Information

Standard status Active
Property subtype Investment
Occupancy 100%

Additional Details

Business Included Yes
Fenced Yard Yes
Multifamily Units 2

Building Details

Year Built 1921
Stories 2
Tenancy Multi
Listing Agency: Century 21 Curran & Oberski
Listed By: Jiryes Jarrous · License #6501434076
Source: Elliman
Added: Jul 1 Changed: Jul 10 Last Checked: Jul 15 at 8:58AM

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 Century 21 Curran & Oberski

Investment Insights

Based on property information with market context.

This fully occupied two-family, two-story flat has been fully renovated and presents a straightforward income-focused residential configuration. The property consists of two separate units, and each unit includes three spacious bedrooms and one full bathroom. Living areas feature a fireplace, adding a distinctive focal point inside each unit. The upper unit also includes a private second-floor balcony, while a privacy-fenced yard provides additional outdoor space for residents.

The property is located in Detroit’s Historic Virginia Park neighborhood and is described as being positioned near the North End, Boston Edison, and New Center neighborhoods. The remarks also note it is just minutes from major Detroit landmarks including the Fisher Theatre, Henry Ford Hospital, and the Motown Museum. BikeScore is listed as 45, walkScore as 40, and transitScore as 48, indicating somewhat bikeable, car-dependent, and somewhat transit-accessible conditions. An LOI is required before showings.

For buyers or investors seeking a renovated, occupied two-family asset, this offering provides immediately present rental income as stated in the remarks ($2,900 per month). The consistent unit layouts, fireplace feature, balcony on the upper unit, and fenced yard can support resident appeal for tenants looking for defined indoor space and usable outdoor areas.

Key Highlights

  • Fully occupied 2‑family flat with actual income of $2,900/month
  • Two renovated units in a 2‑story duplex (built in 1921)
  • Each unit offers 3 bedrooms and 1 full bathroom plus a bright living room with fireplace

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Hair Salon Spa & Massage Center Nail Salon

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
Turnkey business
Opportunity
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

286
Businesses Nearby

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

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 - Fully occupied duplex with two renovated units, each offering three bedrooms and a full bath plus outdoor space.
Where is this duplex located?
The property is located at 2015 Gladstone St Detroit, MI.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Fully occupied 2‑family flat with actual income of $2,900/month; Two renovated units in a 2‑story duplex (built in 1921); Each unit offers 3 bedrooms and 1 full bathroom plus a bright living room with fireplace
More about this property
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