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

Detroit, MI, 48219
$ 450,000
Bedrooms16 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

Multi-Family Home for sale in Detroit, MI

for $450,000 with 16 bedrooms and 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.

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Multi-Family Active

Price

$ 450,000

Bedrooms

16

Full Bath

8

Property Type

Multi-Family

Taxes

$ 28,063

Style

Lot Size

0.25

Year Built

1962

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261070024
Features
General
Sewer SewerAtStreet
Heating NaturalGas WallFurnace
Possession Negotiable
Garage Spaces 0.0
Architectural Style Other
Pool Features None
Construction Materials Brick
Exclusions Exclusion(s) Exist
Pets Allowed Call
Year Built 1962
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 96000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name HITCHMANS THOMAS HOMECROFT
Garage Y/N N
Full Baths 8
Status Active
Directions grand river to 7 mile
City DetroitCity_Wayne
Disclosures ExclusionsExist ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 8
MLS Area Area05032Det6To8GrnfldToLimits
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 28063.0
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 MultipleOccupantTypes
Tax Assessed Value 90454
Expected Active Date 2026-08-31
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
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Interior
Basement Common InteriorEntry Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 7683.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 8
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Exterior
Water Source Other
Foundation Details Basement Block
Spa N
Lot Dimensions 119.08X92
Lot Size Acres 0.25
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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Internal Only
Street Number 1 24620
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* Excluded Features
List By
TaMia Hairston

Listing Agent

Real Broker, Llc Troy

Broker

(248) 298-9074

Phone

Affordability Calculator

$5,180
Per Month
55%
45%
0%
Monthly Principal & Interest
$2,841
Monthly Property Taxes
$2,339
Monthly 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
848539 Elementary School
848135 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
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 has 16 bedrooms, 8.0 baths, and was built in 1962. The property's zip code is 48219 which is in Detroit, MI

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