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Renovated 8-Unit Apartment Building
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7430 Alaska, Detroit, MI 48204

Renovated units include updated kitchens, baths, flooring, fixtures, and appliances.

Property Size4,356 SF
Price / SF$97.57
Days on Market15

Property Features for 7430 Alaska

General Information

Standard status Active
Size 4,356 SF
Property subtype Mixed Use

Additional Details

Multifamily Units 8

Building Details

Year Built 1926
Buildings 1
Listing Agency: RE/MAX Commercial Connection
Listed By: Dennis Jakub · License #MI
Source: Crexi
Added: Jul 28 Changed: Aug 10 Last Checked: Aug 10 at 4:04AM

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 RE/MAX Commercial Connection

Investment Insights

Based on property information with market context.

This 8-unit apartment building, constructed in 1926, has undergone extensive improvements across both the residences and shared areas. Unit upgrades include kitchens, bathrooms, flooring, doors, fixtures, and appliances, while the property also benefits from updated plumbing, 56 new windows, six new furnaces, and six new water heaters. Common areas and exterior elements have also been renovated.

The building is located at 7430 Alaska in Detroit, two blocks from the Joe Louis Greenway. Downtown Detroit, Midtown, major employers, and retailers are described as 10–15 minutes away. An unused basement area provides the potential for coin-operated laundry and tenant storage, subject to applicable requirements.

Key Highlights

  • 8‑unit apartment building constructed in 1926
  • 56 new windows, six new furnaces, and six new water heaters
  • Updated kitchens, bathrooms, flooring, doors, fixtures, and appliances in each unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

272
Businesses Nearby

Demographics for 48204, MI

21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
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?
Apartment building - Renovated units include updated kitchens, baths, flooring, fixtures, and appliances.
Where is this apartment building located?
The property is located at 7430 Alaska Detroit, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 8‑unit apartment building constructed in 1926; 56 new windows, six new furnaces, and six new water heaters; Updated kitchens, bathrooms, flooring, doors, fixtures, and appliances in each unit
More about this property
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