Brick Duplex with Fenced
For Sale
$299,999
1727 Virginia Park Street, Detroit, MI 48206
Multifamily, 3 Story, Detroit, MI
Property Size1,553 SF
Lot Size0.16 Acres
Price / SF$193.17
Days on Market10
Property Features for 1727 Virginia Park Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Residential
Bedrooms
7
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 6, Basement, Bathroom 1, Bedroom 3, Bedroom 7
Interior features
Smoke Alarm, Carbon Monoxide Alarm(s)
Exterior features
Fenced
Fencing
Fenced
Subdivision
Virginia Park Sub Of Pt Of 1/4 Sec 55 Ttat
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
Third St to Virginia Park St, then west on Virginia Park
Standard status
Active
APN
W08I001984S
Size
1,553 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
S VIRGINIA PK 67 VIRGINIA PARK SUB L28 P80 PLATS, W C R 8/112 40 X 174
Tax Annual Amount
7922
Legal Description
S VIRGINIA PK 67 VIRGINIA PARK SUB L28 P80 PLATS, W C R 8/112 40 X 174
Utilities
Heating system
Radiant
Water source
Public
Amenities
covered front porch
fenced backyard
Building Details
Year built
1920
Floors in Building
3
Number of units
2
Building materials
Brick
Architectural style
Ranch
Listing Agency:
EXP Z Real Estate
(248) 937-1337
Listed By:
Megan Ransome
(248) 453-7758
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 29 at 11:06AM
MLS# 20261079374
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.
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Investment Insights
Based on property information with market context.
This 1,553-square-foot brick duplex contains two units and was built in 1920. Interior details include wood flooring in the main living areas, radiant heat, and smoke and carbon monoxide alarms. The property also has a covered front porch and a fenced backyard.
Set on a 0.16-acre lot in Detroit, the property has public water and Residential zoning.
Set on a 0.16-acre lot in Detroit, the property has public water and Residential zoning.
Key Highlights
- Two‑unit brick duplex built in 1920
- 1,553 square feet on a 0.16‑acre lot
- Radiant heat and public water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,748
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,960
$355.0K
Cap Rate 7%
$253,543
$253.5K
Cap Rate 9%
$197,200
$197.2K
Market Conditions
NOI Build-Up for 1,553 SF
Gross rent
$27.0K $17.40/SF
− Vacancy
−$1.7K −$1.07/SF
EGI
$25.4K $16.33/SF
− OpEx
−$7.6K −$4.90/SF
NOI
$17.7K $11.43/SF
Area
Detroit, MI
Vacancy
6.17%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,960
Cap Rate 7%
$253,543
Cap Rate 9%
$197,200
Alternative Uses
Best Use
Multifamily LT 5
$253.5K
$221.9K – $295.8K
NOI $17,748 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$232.7K
$203.7K – $271.5K
NOI $16,292 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$342.6K
$299.8K – $399.7K
NOI $23,982 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,619
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate living spaces in a property with a covered front porch.
Where is this duplex located?
The property is located at 1727 Virginia Park Street Detroit, MI.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Two‑unit brick duplex built in 1920; 1,553 square feet on a 0.16‑acre lot; Radiant heat and public water
