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Renovated Duplex in Virginia Park
For Sale
$299,900

2509 Gladstone St, Detroit, MI 48206

Completely renovated, vacant duplex in Detroit's Virginia Park neighborhood.

Property Size3,008 SF
Days on Market169

Property Features for 2509 Gladstone St

General Information

Standard status Active
Size 3,008 SF
Property subtype Investment

Site & Location

Neighborhood Jamison

Taxes and HOA fees

Annual Taxes $3,388

Building Details

Building Size 3,008 SF
Year Built 1922
Units 2
Listing Agency: REMAX City Centre
Listed By: Gentraia Brown
Source: Elliman
Added: May 15 Changed: Oct 25 Last Checked: Oct 28 at 9:03AM

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 REMAX City Centre

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Investment Insights

Based on property information with market context.

Located in Detroit’s Virginia Park neighborhood, four blocks from the Historic Boston Edison District, this completely renovated brick duplex presents an opportunity for both owner-occupants and investors. Each unit features 3 bedrooms and 1 full bath. The property has undergone major capital improvements, including a new roof, windows, plumbing, electrical system, furnace, and hot water heater. The upper unit includes a sunroom filled with natural light, suitable for a home office or reading space. The large basement offers separate access, dedicated laundry facilities, and individual storage. Separate utilities provide added convenience. A detached 2-car garage is included. The property may be eligible for Neighborhood Enterprise Zone Homestead (NEZ-H) tax savings for qualifying owner-occupants. The property is located in a bikeable area with a bike score of 54 and has good transit with a transit score of 52. The walk score is 35, indicating car dependence.

Key Highlights

  • Fully renovated duplex with new windows, plumbing, electrical, furnace, hot water heater, and roof.
  • Vacant duplex in desirable Virginia Park neighborhood.
  • Each unit features 3 bedrooms and 1 full bath.

Property Analytics

Who owns this building? See the owner, sales and loan history
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Location Intelligence

Trade Area within ½ mile

323
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Completely renovated, vacant duplex in Detroit's Virginia Park neighborhood.
Where is this duplex located?
The property is located at 2509 Gladstone St Detroit, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Fully renovated duplex with new windows, plumbing, electrical, furnace, hot water heater, and roof.; Vacant duplex in desirable Virginia Park neighborhood.; Each unit features 3 bedrooms and 1 full bath.
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