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Brick Duplex with Updated Systems
For Sale
$225,000

7507 Hanover Street, Detroit, MI 48206

Multi Family, Detroit, MI

Property SizeContact for details
Lot Size0.06 Acres
Days on Market162

Property Features for 7507 Hanover Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Full bathrooms 2
Rooms Bedroom 2, Bedroom 4, Basement, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 1
Parking 2
Basement Full
Lot features Sidewalk
Elementary school district Detroit
Middle school district Detroit
High school district Detroit
Directions North of W. Grand Blvd. W of Rosa Parks
Standard status Active
APN 08009187.
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2022. W HANOVER E 82.91 FT 33 OSBORN & MCCALLUMS SUB L10 P51 PLATS, W C R 8/80 30 X 82.91
Tax Annual Amount 780
Legal Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2022. W HANOVER E 82.91 FT 33 OSBORN & MCCALLUMS SUB L10 P51 PLATS, W C R 8/80 30 X 82.91

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Wall Furnace, Forced Air
Cooling system Central Air

Amenities

basement for storage
stackable washer and dryer in unit

Building Details

Year built 1918
Number of units 2
Building materials Brick, Vinyl Siding
Listing Agency: eXp Realty, LLC
Listed By: Lakeisha Akogoh
Added: Apr 18 Changed: Sep 16 Last Checked: Sep 26 at 2:06PM
MLS# 26016428

Copyright © 2026 Michigan Regional Information Center, LLC. 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 Detroit duplex contains two three-bedroom units with laminate and hardwood flooring, updated kitchens with wood cabinetry and stainless steel appliances, and stackable washers and dryers in each unit. The property also includes a basement for storage, central air, and heating through forced-air and wall-furnace systems. Brick and vinyl siding form the exterior, while public sewer and natural gas service are available.

The building dates to 1918 and underwent a complete rehabilitation in 2019, including heating, plumbing, and electrical improvements. Additional work includes a sump pump and French drain installed in 2021, roof and gutter replacement in 2024, and sewer-line replacement to the main in 2025. The property is located near expressways, the Q-line, Henry Ford Hospital, Midtown, and Downtown Detroit.

Key Highlights

  • Two three‑bedroom units in a duplex configuration
  • Complete rehabilitation completed in 2019
  • Roof and gutters replaced in 2024

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Spa & Massage Center Hair Salon Restaurant Nail Salon Building Supply

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,171
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
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Frequently Asked Questions

What type of property is this?
Duplex - Two three-bedroom units offer modern kitchens, in-unit laundry, basement storage, and refreshed interior finishes.
Where is this duplex located?
The property is located at 7507 Hanover Street Detroit, MI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two three‑bedroom units in a duplex configuration; Complete rehabilitation completed in 2019; Roof and gutters replaced in 2024
More about this property
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