Renovated 8-Unit Apartment
For Sale
$425,000
7430 Alaska, Detroit, MI 48204
Business Opportunity, Detroit, MI
Property Size5,160 SF
Lot Size0.10 Acres
Price / SF$82.36
Days on Market61
Property Features for 7430 Alaska
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Multi-Family
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 2, Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 7, Bathroom 8, Bathroom 6, Bathroom 4
Security features
Security System
Subdivision
Midwest
Standard status
Active
APN
16023656.
Size
5,160 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
15000
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1926
Floors in Building
2
Flooring type
Vinyl
Building materials
Brick
Listing Agency:
RE/MAX Connection - Detroit
(248) 505-2509
Listed By:
Dennis Jakub · License #6501449193
(734) 355-8858
Added: Jul 28
Changed: Sep 17
Last Checked: Sep 26 at 11:06AM
MLS# 11898263
Copyright © 2026 My State MLS. 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 8-unit apartment building contains 5,160 square feet on a 0.1-acre parcel. Built in 1926 with brick construction, the property has undergone extensive improvements, including renovated kitchens, bathrooms, flooring, doors, fixtures, appliances, common areas, plumbing, and exterior elements. The work also includes 56 new windows, six new furnaces, and six new water heaters. Units feature vinyl flooring, while heating is provided by natural gas and forced air. Public water serves the property.
The building is located at 7430 Alaska in Detroit, Michigan, two blocks from the Joe Louis Greenway and 10–15 minutes from Downtown Detroit, Midtown, major employers, and retailers. An unused basement provides space for potential coin-operated laundry and tenant storage, subject to applicable approvals and buildout requirements.
The building is located at 7430 Alaska in Detroit, Michigan, two blocks from the Joe Louis Greenway and 10–15 minutes from Downtown Detroit, Midtown, major employers, and retailers. An unused basement provides space for potential coin-operated laundry and tenant storage, subject to applicable approvals and buildout requirements.
Key Highlights
- 8‑unit apartment building with 5,160 square feet of building area
- Extensive updates include renovated unit interiors, common areas, plumbing, and exterior improvements
- 56 new windows, six new furnaces, and six new water heaters
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with updated interiors, building systems, and common areas, plus unused basement space for future tenant amenities.
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 with 5,160 square feet of building area; Extensive updates include renovated unit interiors, common areas, plumbing, and exterior improvements; 56 new windows, six new furnaces, and six new water heaters
