2509 Gladstone Street
Detroit, MI, 48206 $ 299,900
Bedrooms2 Baths2.0 Sq 3,008 Monthly Estimate*
$ 1,847
for $299,900 with 2 bedrooms and 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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FeaturesGeneralSewer SewerAtStreet
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Patio/Porch Features Porch
Architectural Style Duplex
Pool Features None
Construction Materials Brick
Pets Allowed Call
Year Built 1922
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 39600.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name GARDEN ANNEX SUB
Garage Y/N Y
Full Baths 2
Status Active
Directions East of Linwood and South of Clairmount
City DetroitCity_Wayne
Disclosures NoRestrictions ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 2
MLS Area Area05043DetLivernoisI756GdRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 0
Land Lease Y/N N
Tax Annual Amount 3388.0
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
Occupancy Type Vacant
Tax Assessed Value 41100
Expected Active Date 2026-05-14
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
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InteriorBasement Full Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3008.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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ExteriorParking Features Garage
Water Source WateratStreet
Foundation Details Basement Block
Spa N
Lot Dimensions 35X138.04
Lot Size Acres 0.11
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByGentraia BrownListing Agent
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 $270,147
Percent of Sale Price 10%
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.
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/15/2026 | $299,900 | | Listed Price |