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1197 Virginia Park Street, Detroit, MI 48202

Detroit
Local realty services provided by:CENTURY 21 Affiliated
1197 Virginia Park Street,Detroit, MI 48202
$1,075,000
  • - Beds
  • 18 Baths
  • 16,546 sq. ft.
  • Multi-family
  • Active
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. 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, including in-unit washers and dryers. 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...

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Home facts

  • Year built:1916
  • Listing ID #:20261017989
  • Added:3 day(s) ago
  • Updated:April 07, 2026 at 09:55 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
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