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Renovated Two-Unit Duplex
New
For Sale
$230,000

2988 Virginia Park Street, Detroit, MI 48206

Multifamily, 2 Story, Detroit, MI

Property Size2,042 SF
Lot Size0.15 Acres
Price / SF$112.63
Days on Market1

Property Features for 2988 Virginia Park Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multi-Family
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 4, Basement, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 6
Parking 1
Pets allowed Yes
Interior features Circuit Breakers
Elementary school district Detroit
Middle school district Detroit
High school district Detroit
Directions North of W Euclid St, west of Lawton St, near W Philadelphia St.
Subdivision Det: Livernois-I75 6-Gd River
Standard status Active
APN W12I001851C2
Size 2,042 SF
Lot size 0.15 Acres

Taxes and HOA fees

Tax Description N VIRGINIA PARK E 17.50 FT OF 36 35MONTCLAIR LAND CO LTD SUB L28 P18 PLATS, WCR 12/101 52.5 X 125.47A
Tax Annual Amount 3262
Legal Description N VIRGINIA PARK E 17.50 FT OF 36 35MONTCLAIR LAND CO LTD SUB L28 P18 PLATS, WCR 12/101 52.5 X 125.47A

Utilities

Heating system Forced Air

Building Details

Year built 1916
Floors in Building 2
Number of units 2
Building materials Brick, Vinyl
Roof type Asphalt
Architectural style Colonial
Listing Agency: EXP Realty Main
Listed By: Adrienne Ponce · License #6501439342
Added: Oct 7 Last Checked: Oct 7 at 5:06PM
MLS# 20261081052

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.

This 2,042-square-foot duplex, built in 1916, contains two units with three bedrooms and a bonus room in each. Reported improvements include updated kitchens and bathrooms, new flooring, electrical and plumbing updates, and vinyl siding. The property also has a full basement and sits on a 0.15-acre lot. Brick and vinyl are listed among the construction materials, with forced-air heating.

At 2988 Virginia Park Street in Detroit, the property is near the Boston-Edison District and has access to major freeways. Multi-Family zoning is designated for the site.

Key Highlights

  • Two units, each with three bedrooms and a bonus room
  • 2,042 square feet on a 0.15‑acre lot
  • Updated kitchens and bathrooms, flooring, electrical, and plumbing

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Dental Office Nail Salon Parking Lot & Garage

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
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

416
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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Multi-Family zoning and separate rental units support residential income use.
Where is this duplex located?
The property is located at 2988 Virginia Park Street Detroit, MI.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two units, each with three bedrooms and a bonus room; 2,042 square feet on a 0.15‑acre lot; Updated kitchens and bathrooms, flooring, electrical, and plumbing
More about this property
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