This is a RARE opportunity to own a beautifully updated brick triplex in the highly sought-after Virginia Park Historic District — a prime investment with strong cash flow from day one.
Unit Breakdown (Fully Leased):
Unit 1: $1,300/month (3BR/1BA)
Unit 2: $1,350/month (3BR/1BA + Upper Loft Suite)
Unit 3 (Studio Loft): $650/month
Total monthly income: $3,300
Property Features:
Updated in 2019 with modern finishes throughout
Original hardwood floors in great condition
Natural sunlight in every room from oversized windows
Fireplaces in each main unit
Spacious kitchens, dining rooms, and living rooms
Large 3rd floor loft in the upper unit w/ full bath — perfect for primary suite, office, or flex space
Full, unfinished basement shared by tenants for storage or future potential
Long driveway + large backyard ready for customization
Investment Notes:
All units on active leases with solid tenant history
Rent roll and lease documentation available
Tenants pay utilities
Recently reinforced stairs/foundation work completed
Instant cash flow with further value-add opportunity
Potential to owner-occupy one unit in the future or convert back to large single-family if desired.
?? Walkthrough Policy:
To protect tenant privacy, walkthroughs will only be offered after an accepted offer.
Rent roll, photos, and lease information are available upfront for serious buyers.
Location:
Virginia Park is one of Detroit’s most vibrant historic neighborhoods — just minutes from Henry Ford Hospital, Wayne State University, and the New Center. Homes here are rarely available, especially updated, income-producing ones like this.
For sale by owner
Price increase: $5K (8/6)
$320,000
1613 Virginia Park St, Detroit, MI 48206
7beds
2,794sqft
Est.:
MultiFamily
Built in 1919
-- sqft lot
$-- Zestimate®
$115/sqft
$-- HOA
What's special
Large backyardFull unfinished basementBrick triplexDining roomsOversized windowsLong drivewaySpacious kitchens
- 14 days
- on Zillow |
- 765 |
- 64 |
Listed by:
(313) 205-2803
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Gas
Cooling
- Wall
Appliances
- Included: Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Trash compactor
Features
- Flooring: Hardwood
- Basement: Unfinished
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,794 sqft
- Finished area below ground: 1371
Property
Parking
- Total spaces: 1
- Parking features: Off-street, On-street, Garage
Features
- Exterior features: Brick
- Frontage length: Frontage Feet: 40
Lot
- Size: 6,970 Square Feet
Details
- Parcel number: 08001970
- Zoning description: Residential
- Special conditions: Sale
Construction
Type & style
- Home type: MultiFamily
Materials
- brick
- Roof: Other
Condition
- Remodeled
- New construction: No
- Year built: 1919
- Major remodel year: 2019
Utilities & green energy
- Gas: Natural Gas
- Sewer: Sewer at Street
- Water: Municipal Water
Community & HOA
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $115/sqft
- Tax assessed value: $38,900
- Date on market: 8/6/2025
- Exclusions: No Exclusions
- Total actual rent: 1300
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