7406 Oakland Street
Detroit, MI 48211
- – beds
- 4 baths
- 2,262 sqft
- 3,485 sqft lot
- $122 per sqft
- 1910 build
- – on site
Excellent cash flow opportunity! Recently renovated, this 4-unit property offers a mix of studio, one-bedroom, and two-bedroom units, catering to a diverse tenant base and maximizing income potential. This property is in the quickly-growing North End neighborhood, walkable to restaurants and coffee shops. With the potential for steady rental income and the recent renovations minimizing maintenance costs, this quadplex stands as a strategic investment for those seeking to build a reliable stream of passive income in an emerging Detroit neighborhood. Due to location, unit sizes, and separate entrances, this is a versatile investment and could be a blend of short, mid and long-term rentals. Updates include: full unit remodels - kitchens with granite counters and new appliances, bathrooms with new vanities and fixtures, and new flooring throughout. Other recent updates: new furnaces, plumbing, roof, and hot water tanks. Gas and electric meters are separate, so tenants pay their own - water, lawn and snow included in the rent. PLEASE NOTE this property has some structural repairs and the property has been priced accordingly. Inspection reports and quotes available upon request. Property is rental certified with the City of Detroit (certificate of compliance).
Last checked:
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Last updated Feb 4, 2025
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MLS# 20240093621 —
The Building
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Year Built:1910
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New Construction:false
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Construction Materials:AluminumSiding, Brick, VinylSiding
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Architectural Style:Quadruplex
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Roof:Asphalt
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Levels:Two
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Basement:Unfinished
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Basement:true
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Foundation Details:Basement, BrickMortar
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Exterior Features:Lighting, PrivateEntrance
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Above Grade Finished Area:2262.0
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Below Grade Total Area:445
Interior
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Fireplace:false
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Laundry Features:InUnit
Room Dimensions
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Living Area:2262.0
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Living Area Source:PublicRecords
Location
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Directions:From I-75 S, turn right on E Grand Blvd, right on Oakland Ave, subject on right
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Cross Street:E Grand Blvd / 75 Fwy S
The Property
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Parcel Number:05004669
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Size Acres:0.08
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Lot Size Area:0.08
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Lot Size Dimensions:30.00 x 122.00
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Lot Size Units:Acres
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Zoning Description:Multi-Family,Residential
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Road Frontage Feet:30
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Road Frontage Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (313) 658-6400
- Office phone:
- (313) 658-6400
Taxes
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Tax Legal Description:E OAKLAND 72 STANDISHS SUB L8 P19 PLATS, W C R 5/141 30 X 122
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Tax Annual Amount:1917.0
Baths
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Total Baths:4
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Full Baths:4
Heating & Cooling
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Heating:ForcedAir, NaturalGas
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Heating:true
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Cooling:CeilingFans
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Cooling:false
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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High School District:Detroit
The Community
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Subdivision Name:STANDISHS (PLATS)
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Senior Community:false
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Community Features:Sidewalks
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Pool Features:None
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Waterfront:false
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Pets Allowed:Yes
Parking
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Attached Garage:false
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Parking Features:OnStreet
IDX provided courtesy of Realcomp II Ltd., via Estately and Realcomp II Ltd, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/4/25
Feb 4, 2025
|
Price Changed | REALCOMP | $278,000 | -3.5% |
|
12/26/24
Dec 26, 2024
|
Listed / Active | REALCOMP | $288,000 | 443.4% (80.5% / YR) |
|
6/26/19
Jun 26, 2019
|
REALCOMP | $53,000 |
