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29185177
29185234

2080 Gladstone St, Detroit, MI 48206

$629,800
171 days on market
Updated 115 days ago

2080 Gladstone

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,852
Net Rentable (SqFt) 4,852
Units 2
Cap Rate 12.00%
Pro-Forma Cap Rate 13.24%
Pro-Forma NOI $83,376
Price per SqFt $130
Broker Co-Op Yes
Class A
Year Built 1922
Year Renovated 2026
Buildings 1
Stories 3
Acreage 0.280
Parking Spaces 2 spaces
Parking per 1,000 SqFt 0.41
Investment Type Sale/Leaseback
Ownership Private

Excellent Opportunity In Historic Virginia Park Community

Marketing description

4800+ SF Fully Renovated Duplex | Virginia Park | Detroit, MI

Turn-Key | Strong Rental Demand | Prime Medical & Downtown Proximity

This fully renovated duplex located on Gladstone Street in Detroit’s highly desirable Virginia Park neighborhood presents a rare opportunity to acquire a large, stabilized, turn-key multifamily asset in one of the city’s strongest rental corridors.

The property offers over 4,800 square feet of combined living space, with two oversized 2,400+ SF units, each configured with 4 bedrooms, a flex/bonus room, and 2 full bathrooms—a layout that drives premium rents and appeals to families, medical professionals, and long-term tenants.

Every major system and finish has been updated, including:

  • All-new windows with new window treatments

  • Updated mechanical systems

  • Luxury vinyl plank flooring in main living areas

  • New carpet in bedrooms

  • Granite countertops and shaker-style cabinetry

  • Second-floor unit with walk-in pantry

  • In-unit laundry in both units

  • Electric fireplaces

Both units feature spa-style bathrooms with a tub and separate stand-up shower, adding to tenant appeal and rent durability.

The basement provides substantial storage capacity and functions as a shared common area, further enhancing the livability of the property. Exterior capital improvements include a new roof on both the home and garage, updated landscaping, and a fully fenced lot securing the entire property.

Prime Virginia Park Location

Virginia Park is one of Detroit’s most architecturally rich and renter-in-demand neighborhoods, positioned minutes from Henry Ford Hospital, New Center, Midtown, and Downtown Detroit. The property is also close to popular destinations such as The Congregation, The Rectory, and Gordon Park, making it especially attractive to medical professionals, creatives, and young professionals seeking character, space, and walkability.

Investment highlights

  • 4,800+ SF of renovated living space

  • Large-format units = higher rents, lower turnover

  • Strong proximity to Detroit’s medical and employment hubs

  • Fully renovated, minimal near-term CapEx

  • Ideal for long-term hold, house-hack, or premium rental strategy

This is a rare chance to acquire a truly turnkey, high-quality duplex in one of Detroit’s most desirable historic neighborhoods—perfect for investors seeking scale, durability, and upside in a growing market.

Listing Contacts

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Zoning

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R2 ResidentialTwo FamilyTwo Family Residential District
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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