1197 Virginia Park Street, Detroit, MI 48202
Local realty services provided by:CENTURY 21 Curran & Oberski
1197 Virginia Park Street,Detroit, MI 48202
$1,075,000
- - Beds
- 18 Baths
- 16,546 sq. ft.
- Multi-family
- Pending
Listed by: james t silver
Office: keller williams somerset
MLS#:20261017989
Source:MI_REALCOMP
Price summary
- Price:$1,075,000
- Price per sq. ft.:$64.97
About this home
Excellent investment opportunity in Detroit’s desirable Virginia Park neighborhood, located within an Opportunity Zone! This well-maintained 9-unit townhouse-style multifamily property in the New Center area offers strong rental potential and long-term upside.
The building features a diverse unit mix including six 2-bedroom units, two spacious 5-bedroom units, and one 4-bedroom unit—ideal for maximizing rental income. All units are currently occupied, providing immediate cash flow. All of the units were renovated in 2015 with 2 being renovated within 2 years with new kitchens.
Significant updates include a freshly painted exterior (2025) and brand-new gutters (2025). Multiple units have been remodeled in 2024–2025, enhancing overall appeal and value. Each unit is equipped with central air conditioning, newer furnaces, hot water tanks, and updated appliances. Washer and dryer in each unit supplied by owner. Additional features include semi-finished basements, ADT alarm systems, and an exterior security camera system.
Owned and professionally managed for over 20 years, this property reflects consistent care and attention. Conveniently located near Henry Ford Hospital, Wayne State University, downtown Detroit, QLine transit, and major freeways, making it highly attractive to tenants.
Turnkey, fully occupied, and positioned in a high-demand area—this is a rare opportunity to add a solid performing asset to your portfolio. 16,546 Est Tot Fin: includes basements each with own baths. New Occupancy Permit as of April 2026 is good until 4/23/29. “All the leases are (1) year and (1) Section 8 tenant.
All tenants are employed except the (1) Section 8.
No notices to vacate. All leases renew within a year if they decide to renew...
Contact an agent
Home facts
- Year built:1916
- Listing ID #:20261017989
- Added:79 day(s) ago
- Updated:June 21, 2026 at 07:59 AM
Rooms and interior
- Total bathrooms:18
- Full bathrooms:9
- Half bathrooms:9
- Basement Description:Finished, Private
- Living area:16,546 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:ENERGY STAR Shingles
- Year built:1916
- Building area:16,546 sq. ft.
- Lot area:0.32 Acres
- Construction Materials:Brick
- Exterior Features:Private Entrance
- Foundation Description:Basement, Brick Mortar
- Levels:Two
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,075,000
- Price per sq. ft.:$64.97
- Tax amount:$5,518
New listings near 1197 Virginia Park Street
- New
$49,900Active3 beds 1 baths780 sq. ft.6142 Hereford, Detroit, MI
MLS# 61004490Listed by: HOME SOURCE REALTY LLC - New
$355,000Active2 beds 3 baths1,331 sq. ft.5163 Avery, Detroit, MI 48208
MLS# 61004482Listed by: RE/MAX CLASSIC - New
$199,000Active1 beds 1 baths627 sq. ft.15 E Kirby #815, Detroit, MI 48202
MLS# 61004483Listed by: @PROPERTIES CHRISTIE'S INT'L R.E. DETROIT - New
$355,000Active2 beds 3 baths1,331 sq. ft.5163 Avery Street, Detroit, MI 48208
MLS# 20261046861Listed by: RE/MAX CLASSIC - New
$39,500Active3 beds 1 baths870 sq. ft.18030 Hull Street, HighlandPark, MI 48203
MLS# 20261039567Listed by: FRONT PAGE PROPERTIES - New
$114,900Active3 beds 2 baths1,644 sq. ft.17524 Heyden Street, Detroit, MI 48219
MLS# 20261046814Listed by: COMMUNITY CHOICE REALTY INC - New
$430,000Active2 beds 3 baths1,484 sq. ft.411 E Ferry Street #15, Detroit, MI 48202
MLS# 20261046839Listed by: BERKSHIRE HATHAWAY HOMESERVICES THE LOFT WAREHOUSE - New
$64,900Active3 beds 1 baths1,205 sq. ft.15339 Sussex, Detroit, MI 48227
MLS# 70540584Listed by: VYLLA HOMES - New
$119,000Active3 beds 1 baths1,701 sq. ft.16246 Coyle Street, Detroit, MI 48235
MLS# 20261046467Listed by: GOOD COMPANY - New
$69,000Active2 beds 1 baths900 sq. ft.22675 Santa Maria Street, Detroit, MI 48219
MLS# 20261046800Listed by: REAL ESTATE ONE-DBN HTS/DBN
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
©2026 Century 21 Real Estate LLC. All rights reserved. CENTURY 21®, the CENTURY 21 Logo and C21® are service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Listing information is deemed reliable but not guaranteed accurate.