2080 Gladstone Street Detroit, MI 48206
MULTI_FAMILY - Colonial - Detroit, MI
- Added:
- Apr 24, 2026
- Days on Market:
- 79
- Last Refresh:
- Jul 11 at 11:06 pm
Property Features for 2080 Gladstone Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 5, Bedroom 7, Bathroom 1, Bedroom 4, Basement, Bathroom 3, Bedroom 8
- Parking
- 2
- Pets allowed
- Yes, Cats OK, Dogs OK
- Interior features
- Smoke Alarm, Cable Available, Carbon Monoxide Alarm(s), Dual-Flush Toilet(s), Laundry Facility, ENERGY STAR(R) Qualified Exhaust Fan(s), ENERGY STAR(R) Qualified Light Fixture(s), ENERGY STAR(R) Qualified Window(s), Entrance Foyer, Programmable Thermostat
- Exterior features
- Lighting, Private Entry, Fenced
- Fencing
- Fenced
- Standard status
- Active
- APN
- W08I002442S
- Size
- 4,852 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Description
- N GLADSTONE 259 JOY FARM SUB L32 P39-40 PLATS, WCR 8/128 67.26 IRREG
- Tax Annual Amount
- 10835
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1922
- Floors in Building
- 3
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Colonial
Listing agent Zaya Shamoieal (248) 385-3350
Listing office DOBI Real Estate 2211 Cole Street, Birmingham, MI (248) 385-3350
Listing date Apr 24, 2026
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.
Investment Insights
Based on property information with market context.
The property is located on Gladstone Street in Detroit’s Virginia Park neighborhood, within close proximity to Henry Ford Hospital, Gordon Park, and downtown Detroit’s dining, shopping, and entertainment. Exterior improvements include a new roof on both the home and garage, updated landscaping, and a fully fenced lot enclosing the entire property.
One unit is leased, with the second-floor unit rented starting 6/1/26, offering current income alongside the option for owner occupancy.
Key Highlights
- Completely renovated 1922 Colonial brick duplex in Detroit’s Virginia Park
- Over 4,800 sq ft total living space, with each unit offering over 2,400 sq ft
- Each unit includes 4 bedrooms plus an additional flex/bonus room and 2 full bathrooms
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.0k | $20.40 |
| − Vacancy | −$6.4k | −$1.33 |
| EGI | $92.5k | $19.07 |
| − OpEx | −$41.6k | −$8.58 |
| NOI | $50.9k | $10.49 |
