2509 Gladstone Street, Detroit City, MI 48206
GARDEN ANNEX SUB · Wayne County
Key Facts
Description
Previous buyer's financing fell through...SO THIS GEM IS BACK AVAILABLE!! 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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Duplex
Year Built
1922
Living Area
3,008 sq ft
Lot Size
0.11 acres
Lot Dimensions
35X138.04
Days on Market
11
MLS® Listing#
20261034771
Property Features
Cooling
Heating
Basement
Pool
Parking
Patio
Construction
Foundation
Utilities
Financial Details
Annual Taxes
$3,388
Assessed Value
$41,100
Parcel Number
W10I002059S
Directions
East of Linwood and South of Clairmount
Affordability Calculator
$59,980
Estimated monthly payment
$1,596/mo
Principal $239,920 · Est. interest $334,710 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Detroit City, MI
- $232,490
- Median Listing Price
- 58
- Median Days on Market
- 1,485
- Median Sq Ft
- $135
- Median Price / Sq Ft
- 14,130
- Active Listings
- This home’s price is 29% above the area median.
- Its price per sq ft is 26% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Detroit City, MI.
Location
Points of Interest in Detroit City, MI
Showing the Detroit City area map.
Nearby Schools
Jamieson Elementary School
Elementary · 0.3 mi away
Brady Elementary School
Elementary · 0.4 mi away
Thirkell Elementary-Middle School
Elementary · 0.5 mi away
Hutchins Middle School
School · 0.7 mi away
Mosque-El Hagg School
School · 0.8 mi away
Durfee Elementary Middle School
Elementary · 0.8 mi away
Allen Academy
School · 0.9 mi away
Northwestern High School
Secondary · 0.9 mi away
Central High School
Secondary · 0.9 mi away
McMichael Middle School
School · 1.1 mi away
Keidan Special Education Center
Elementary · 1.2 mi away
Detroit Job Corps Center
School · 1.2 mi away
University Prep Art & Design Elementary
Primary School · 1.3 mi away
Sampson-Webber Leadership Academy
School · 1.3 mi away
McKerrow School
School · 1.4 mi away
Northern High School
Secondary · 1.5 mi away
Childtime Learning Center
School · 1.5 mi away
Detroit Public Schools Community District
School · 1.5 mi away
Henry Ford Academy: School for Creative Studies
Elementary · 1.6 mi away
University Prep Schools
School · 1.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 14521 SUSSEX Street, Detroit City, MI | $209,999 | 5 | 2 | 1,783 |
| 403 N Fayette Street, Saginaw City, MI | $214,900 | 7 | 4 | 3,044 |
| 7671 - 7675 Evergreen Avenue, Detroit City, MI | $214,900 | 6 | 2 | 2,600 |
| 7671 - 7675 Evergreen Avenue, Detroit City, MI | $214,900 | 6 | 2 | 2,600 |
| 802 Oakridge Drive, Jackson City, MI | $214,900 | 5 | 2 | 1,846 |
| 687 Mcguigan Avenue, Benton Harbor City, MI | $214,900 | 8 | — | 3,584 |
Moving Cost Estimate
EXIT Agents in Detroit City
Listing Courtesy: REMAX City Centre - 3135283002
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