24620 W 7 Mile Road Detroit, MI ^$ 450,000

24620 W 7 Mile Road

^$ 450,000

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Recently Listed

24620 W 7 Mile Road

Detroit, MI, 48219

^$ 450,000

Studio Baths8.0 Sq 7,683

Monthly Estimate*

^$ 2,841

24620 W 7 Mile Road, Detroit, MI 48219 - Image 1

24620 W 7 Mile Road, Detroit, MI 48219 - Image 2

Studio

Multi-Family Home for sale in Detroit, MI

for $450,000 with 8 full baths. This 7,683 square foot home was built in 1962 on a lot size of 0.25.

INVESTMENT OPPORTUNITY -- 8-UNIT MULTIFAMILY IN DETROIT! Add scale to your investment portfolio with this 8-unit apartment building located at 24620 W 7 Mile Rd in Detroit. This multifamily property offers an excellent opportunity for an investor looking to acquire multiple units under one roof with the potential for ongoing rental income and long-term appreciation. The building consists of eight 2-bedroom, 1-bath units. Whether you're looking to expand an existing rental portfolio or make your move into multifamily investing, this property offers the opportunity to build value. Conveniently located along the W Seven Mile corridor with access to major roadways, and surrounding Metro Detroit communities.

Multi-Family Active

Price

^$ 450,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 28,063

Style

Lot Size

0.25

Year Built

1962

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61026244

Features

General

Possession Negotiable (Possession)

Status Active Active

Full Baths 8

Half Baths 0

Bathrooms 8

Year Built 1962

Subdivision Hitchmans Thomas Homecroft MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 96000

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 grand river to 7 mile

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

Legal Description N SEVEN MILE S 160 FT OF LOTS 169 & 170EXC W 90 FT OF N 90 FT THEREOF THOMAS HITCHMANS HOMECRAFT SUB L31 P67 PLATS WCR 22/369 119.08 IRREG

DOM 1

Postal Code 48219

Price Per Sq Ft Total AG 58.57

Public Remarks

Interior

Basement Block Common

Fireplace? No

Total Number of Units 8

Fuel Type Natural Gas

Exterior

Exterior Brick

Lot Size Area 0.25

Lot Dimensions 119.08X92

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

TaMia Hairston

Listing Agent

Real Broker, Llc Troy

Broker

TaMiaRHairston@gmail.com

Affordability Calculator

$5,180

Per Month

Monthly Principal & Interest: $2,841
Monthly Property Taxes: $2,339
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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 ^$251,743

Percent of Sale Price 44%

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
9/1/2026	$450,000		Listed Price

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24620 W 7 Mile Road, Detroit, MI, 48219 is a Multi-Family Home for sale at $450,000 with 7,683 sqft and a lot size of 0.25. 24620 W 7 Mile Road is a studio with 8.0 baths and was built in 1962. The property's zip code is 48219 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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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24620 W 7 Mile Road

Multi-Family Home for sale in Detroit, MI

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