2988 Virginia Park Street Detroit, MI $ 230,000
2988 Virginia Park Street
$ 230,000
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2988 Virginia Park Street

Detroit, MI, 48206
$ 230,000
Bedrooms-- Baths2.0 Sq 2,042

Monthly Estimate*

$ 1,589

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Multi-Family Home for sale in Detroit, MI

for $230,000 with 2 full baths. This 2,042 square foot home was built in 1916 on a lot size of 0.15.

Rare 3-Bedroom Two-Family Flat - Renovated & Income Producing! Don't miss this beautifully renovated two-family flat offering an exceptional opportunity for investors or buyers looking to house hack in Detroit. Located near the historic Boston-Edison District, this spacious multifamily property features three bedrooms plus a bonus room in EACH unit, giving tenants significantly more space and flexibility than the typical two-family flat. Both units have been thoughtfully updated with modern kitchens, renovated bathrooms, new flooring, updated electrical, updated plumbing, and new vinyl siding, creating a fresh, move-in-ready property with many of the major improvements already completed. Even better, each unit is currently rented for $1,200 per month, generating $2,400 in gross monthly rental income / $28,800 annually. The property also offers a full basement with plenty of storage and a spacious lot. Centrally located with convenient access to major freeways and just minutes from Downtown Detroit, shopping, dining, entertainment, and some of the city's most recognizable neighborhoods. Whether you're looking to expand your rental portfolio, generate immediate income, or eventually occupy one unit while renting the other, this property offers multiple investment strategies. Renovated. Income producing. Three bedrooms in each unit. This is one you'll want to see--schedule your showing today!

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Multi-Family Active

Price

$ 230,000

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,262

Style

Colonial

Lot Size

0.15

Year Built

1916

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61036703

Features
General
Heating Forced Air
Possession At Close
Water Public Water at Street
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1916
Water Heater Gas
Style Colonial
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 24800
Ownership Private
Municipality Detroit
Zoning Multi-Family
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Detroit (82001)
Primary City Detroit
Directions North of W Euclid St west of Lawton St near W Philadelphia St.
City Detroit
School District Detroit City School District
Financial Terms Cash Conventional FHA VA FHA 203K
Legal Description N VIRGINIA PARK E 17.50 FT OF 36 35MONTCLAIR LAND CO LTD SUB L28 P18 PLATS WCR 12/101 52.5 X 125.47A
DOM 0
Postal Code 48206
Price Per Sq Ft Total AG 112.63
Public Remarks
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Interior
Basement Block
Fireplace? No
Total Number of Units 2
Fuel Type Natural Gas
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Exterior
Exterior Brick Vinyl Siding
Exterior Amenities Porch Exterior Balcony
Frontage 53
Lot Size Area 0.15
Lot Dimensions 53X125X53X126
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Adrienne Ponce

Listing Agent

Exp Realty Main

Broker

adrienne.ponce@exprealty.com

Email

Affordability Calculator

$1,860
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,589
Monthly Property Taxes
$272
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/7/2026$230,000 Listed Price

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2988 Virginia Park Street, Detroit, MI, 48206 is a Multi-Family Home for sale at $230,000 with 2,042 sqft and a lot size of 0.15. 2988 Virginia Park Street has 2.0 baths and was built in 1916. The property's zip code is 48206 which is in Detroit, MI