18059 Hoover Street Detroit, MI ^$ 1,000,000

18059 Hoover Street

^$ 1,000,000

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Recently Listed

18059 Hoover Street

Detroit, MI, 48205

^$ 1,000,000

Bedrooms16 Baths16.0 Sq 10,590

Monthly Estimate*

^$ 6,157

18059 Hoover Street, Detroit, MI 48205 - Image 1

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Multi-Family Home for sale in Detroit, MI

for $1,000,000 with 16 bedrooms and 16 full baths. This 10,590 square foot home was built in 1948 on a lot size of 0.46.

Calling all investors! 16-unit apartment complex featuring all one-bedroom, one-bath units. Extensively updated with new plumbing, updated electrical, newer windows, and brand-new furnaces. Half the units offer electric baseboard heat, while the others have individual furnaces. Tenants pay gas and electric, keeping operating costs low. Units have been renovated with updated kitchens and baths, new flooring, fresh paint, and stainless steel appliances. 90%+ occupied and generating a strong 12% cap rate. Property has completed Step 1 of the Pilot Program, with seller working toward full approval with two steps remaining. Donât miss this great investment opportunity!

Multi-Family Active

Price

^$ 1,000,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 26,473

Style

Lot Size

0.46

Year Built

1948

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

50199868

Features

General

Heating Baseboard Other-See Remarks

Possession At Close

Water Public Water

Status Active Active

Full Baths 16

Half Baths 0

Bathrooms 16

Year Built 1948

Subdivision Onahome Sub MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Ownership Private

Municipality Detroit

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

City Detroit

School District Detroit City School District

Financial Terms Cash

Legal Description W HOOVER 19 THRU 10 AND E 10 FT OF VAC ALLEY ADJ ONAHOME SUB L60 P56 PLATS W C R 17/532 200 X 99.85A

DOM 0

Postal Code 48205

Price Per Sq Ft Total AG 94.43

Public Remarks Calling all investors! 16-unit apartment complex featuring all one-bedroom one-bath units. Extensively updated with new plumbing updated electrical newer windows

Interior

Beds 16

Fireplace? No

Total Number of Units 16

Fuel Type Electric Natural Gas

Exterior

Lot Size Area 0.46

Lot Dimensions 20038

Waterfront Y/N No

* Excluded Features

List By

Justin Zehel

Listing Agent

Keller Williams Paint Creek

Broker

Zehel@proteamkw.com

Affordability Calculator

$8,363

Per Month

Monthly Principal & Interest: $6,157
Monthly Property Taxes: $2,206
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$247,553

Percent of Sale Price 75%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/20/2026	$1,000,000		Listed Price

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18059 Hoover Street, Detroit, MI, 48205 is a Multi-Family Home for sale at $1,000,000 with 10,590 sqft and a lot size of 0.46. 18059 Hoover Street has 16 bedrooms, 16.0 baths, and was built in 1948. The property's zip code is 48205 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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18059 Hoover Street

Multi-Family Home for sale in Detroit, MI

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