For Sale
1705 Oakman Boulevard, Detroit, MI 48238
$799,900
MLS # 50212081 (MiRealSource)
Built 19270.14 acres
1 / 9
Listing Description
Calling all investors! 13-unit brick apartment building featuring all one-bedroom, one-bath units. 10 of the 13 units have been fully remodeled, with updated windows throughout the property. The seller has also invested thousands into maintaining the boiler system, keeping it in excellent condition. Low operating expenses with tenants paying DTE, water, and trash. The property is 100% approved for the PILOT program and will kick in next year. Strong rental demand, great market rents, and a convenient location make this an excellent cash-flow opportunity. A solid, updated multifamily property with plenty to offer both new and seasoned investors.
Source: SparkMLS
About this home
This 13-bath home built in 1927 sits in Durfee in Detroit.
Asking $799,900.
Estimated annual property tax: $14,114, or about $1,176 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms13
Lot Size0.14 acres
Year Built1927
Location
CityDetroit
MunicipalityDetroit City
Zip Code48238
CountyWayne
Sale & Financing
Listed6/18/2026
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$3,405
Tax Year2025
State Equalized Value$219,900
Assessed Value$219,900
Parcel #12004787.
Source: Public Records
Legal Description
S OAKMAN BLVD 176 ROBERT OAKMANS FORD HIGHWAY & LINWOOD SUB L35 P59 PLATS, W C R 12/223 50 X 120
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLHistoric District: Oakman Boulevard Historic District
Exterior changes may require Historic District Commission (HDC) approval
Source: Detroit Historic District CommissionUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Justin Zehel
Keller Williams Paint Creek
Frequently Asked Questions about 1705 Oakman Boulevard, Detroit, MI 48238
Can I use FHA or VA financing for this property?
Per MLS# 50212081, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
Is 1705 Oakman Boulevard, Detroit, MI 48238 eligible for USDA financing?
Per USDA Rural Development boundary data, 1705 Oakman Boulevard, Detroit, MI 48238 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 1705 Oakman Boulevard, Detroit, MI 48238 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is this property in a historic district?
Per local historic district records, 1705 Oakman Boulevard, Detroit, MI 48238 is located within the Oakman Boulevard Historic District. Properties in locally-designated historic districts may require Historic District Commission (HDC) approval for exterior modifications. Contact the local HDC for current guidelines.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Tax Estimate
$
Annual tax$14,114
Monthly$1,176
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$6,364
Principal & interest$5,188
Property taxes$1,176
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
1705 Oakman Boulevard, Detroit, MI 48238
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Neighborhood
Durfee
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Community
Detroit
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County
Wayne County
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