2509 Gladstone Street
Detroit, MI, 48206 $ 299,900
Baths2.0 Sq 3,008 Monthly Estimate*
$ 1,847
Studio for $299,900 with 2 full baths. This 3,008 square foot home was built in 1922 on a lot size of 0.11.
Live in one unit while the second helps offset your mortgage, an exceptional opportunity in Detroit's desirable Virginia Park neighborhood, just four blocks from the Historic Boston Edison District. This fully vacant, completely renovated brick duplex offers the ideal blend of classic Detroit character and modern peace of mind, making it a standout opportunity for both owner-occupants and savvy investors. Each spacious unit features 3 bedrooms and 1 full bath, offering flexible living arrangements. Major capital improvements have already been completed, including new windows, plumbing, electrical, furnace, hot water heater, and roof, allowing for low-maintenance ownership from day one. The upper unit features an expansive sunroom filled with natural light, perfect for a home office, reading retreat, or additional flex space. The large basement offers separate access, dedicated laundry, and individual storage, while separate utilities provide added convenience and investment appeal. A detached 2-car garage, an uncommon bonus for Detroit multifamily properties, adds even more value. For qualifying owner-occupants, there may be potential eligibility for Neighborhood Enterprise Zone Homestead (NEZ-H) tax savings, making this opportunity even more compelling. Whether you're looking to build wealth through house hacking, secure a strong turnkey multifamily investment, or own a beautifully updated property in one of Detroit's most exciting neighborhoods, this is a rare opportunity worth seeing.
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FeaturesGeneralHeating Forced Air
Possession At Close
Water Public Water at Street
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1922
Subdivision Garden Annex Sub MI
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 38400
Ownership Private
Municipality Detroit
Zoning Multi-Family
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Detroit (82001)
Primary City Detroit
Directions East of Linwood and South of Clairmount
City Detroit
School District Detroit City School District
Financial Terms Cash Conventional FHA VA
Legal Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2024. S GLADSTONE 28 GARDEN ANNEX SUB L39 P34 PLATS W C R 10/119 35 X 138.04A
DOM 1
Postal Code 48206
Price Per Sq Ft Total AG 99.7
Public Remarks Live in one unit while the second helps offset your mortgage an exceptional opportunity in Detroit's desirable Virginia Park neighborhood
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InteriorBasement Block
Fireplace? No
Total Number of Units 2
Fuel Type Natural Gas
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ExteriorExterior Brick
Exterior Amenities Porch
Frontage 35
Lot Size Area 0.11
Lot Dimensions 35X138.04
Roads Paved Street
Waterfront Y/N No
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* Excluded FeaturesList ByGentraia BrownListing Agent
gentraiabrown@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,847
- Monthly Property Taxes
- $282
- Monthly 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.
Learn more about how to save NearbyMulti-family listings in Detroit, MI
Average List Price $271,991
Percent of Sale Price 9%
About Detroit, MI 633,657 Population
-33% Since 2002
$ 26,977 Median Income
36.23 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/15/2026 | $299,900 | | Listed Price |