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

18059 Hoover Street, Detroit, MI 48205 - Image 2

18059 Hoover Street, Detroit, MI 48205 - Image 3

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18059 Hoover Street, Detroit, MI 48205 - Image 7

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. Don't miss this great investment opportunity!

Multi-Family Active

Price

^$ 1,000,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 26,473

Style

MultiFamily

Lot Size

0.46

Year Built

1948

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

58050199868

Features

General

Sewer PublicSewer

Heating Baseboard Electric NaturalGas OtherHeatingSource SeparateMeters

Possession AtClose

Garage Spaces 0.0

Year Built 1948

Levels Two

Property Subtype MultiFamily

County Wayne

New Construction N

Property Type ResidentialIncome

HOA N

Attached Garage N

Subdivision Name ONAHOME SUB

Garage Y/N N

Full Baths 16

Status Active

City DetroitCity_Wayne

Disclosures TaxesNotHomesteadExempt

Senior Community Y/N N

High School District Detroit

Number Of Units Total 16

MLS Area Area05054Det8ToGratiotHoustonTo7

Carport Y/N N

Land Lease Y/N N

Tax Annual Amount 26473.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

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

Exterior

Water Source Public

Foundation Details Basement

Spa N

Lot Dimensions 20038

Lot Size Acres 0.46

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) Y

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Above Grade Finished Area 10590.0

Total Bedrooms 16

Above Grade Finished Area Source PublicRecords

Above Grade Finished Area Unit Type SquareFeet

Total Baths 16

Internal Only

Street Number 1 18059

* Excluded Features

List By

Justin Zehel

Listing Agent

Keller Williams Paint Creek

Broker

(248) 979-3466

Phone

Affordability Calculator

$8,363

Per Month

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

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Yearly Property Taxes

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 ^$249,833

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.

848539 Elementary School

848135 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.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 2/21/2026.

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18059 Hoover Street

Multi-Family Home for sale in Detroit, MI

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