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Stabilized Multifamily Portfolio in Detroit
For Sale
$2,163,000

7536 Dunedin St, Detroit, MI 48206

28-unit multifamily portfolio in Detroit's Virginia Park/LaSalle Gardens corridor.

Property Size22,827 SF
Lot Size1.08 Acres
Price / SF$94.76
Days on Market105

Property Features for 7536 Dunedin St

General Information

Standard status Active
Size 22,827 SF
Lot size 1.08 Acres
Property subtype Multifamily
Zoning R3
Listing Agency: Encore Real Estate Investment Services
Listed By: Eric Reed · License #6502375353
Source: Cpix.resimplifi
Added: May 14 Changed: Aug 23 Last Checked: Aug 26 at 5:31AM

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 Encore Real Estate Investment Services

Investment Insights

Based on property information with market context.

The Dunedin Apartments, located at 7536 & 7510-7512 Dunedin Street, Detroit, MI 48206, present an opportunity to acquire a stabilized 28-unit multifamily portfolio. Situated in Detroit’s Virginia Park/LaSalle Gardens corridor, the property combines 1924 architecture with recent renovations. The 22,827 square foot portfolio consists of two buildings on a 1.08-acre site. The unit mix includes studios, one-bedroom, two-bedroom, and three-bedroom apartments. Renovated interiors and historic character are present throughout. The property is located just west of New Center and minutes from Midtown, Downtown Detroit, Boston-Edison, Henry Ford Health, Wayne State University, and the Detroit Medical Center. The site includes excess land for potential future multifamily development.

Key Highlights

  • Stabilized 28‑unit multifamily portfolio in Detroit's Virginia Park/LaSalle Gardens.
  • Immediate in‑place cash flow with upside through lease optimization and future rent growth.
  • Expansive 1.08‑acre site with excess land for potential future multifamily development.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Hair Salon Spa & Massage Center Nail Salon Accounting Firm 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.

Location Intelligence

Trade Area within ½ mile

2,619
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

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 - 28-unit multifamily portfolio in Detroit's Virginia Park/LaSalle Gardens corridor.
Where is this apartment building located?
The property is located at 7536 Dunedin St Detroit, MI.
What is the asking price?
The asking price for this property is $2,163,000.
What are key features of this property?
This property features: Stabilized 28‑unit multifamily portfolio in Detroit's Virginia Park/LaSalle Gardens.; Immediate in‑place cash flow with upside through lease optimization and future rent growth.; Expansive 1.08‑acre site with excess land for potential future multifamily development.
More about this property
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