Pending
710 Virginia Park Street, Detroit, MI 48202
$525,000
MLS # 20251044444 (Realcomp)
Built 19110.19 acres
1 / 19
Listing Description
Excellent Investment Opportunity in Detroit’s Virginia Park District! This is an exceptional income-producing multi-family property located in the historic Virginia Park district of Detroit. This two-story building offers seven rentable units in a variety of layouts including three bedroom, two-bedroom, one-bedroom, and studio apartments ideal for maximizing occupancy and rental income.Many units feature modern updates such as new flooring, countertops, and appliances, while an on-site laundry facility adds extra convenience for tenants. Situated in the Virginia Park Historic District (listed on the National Register of Historic Places in 1982), this property enjoys a prime location near Woodward Avenue and the Q-Line, providing easy access to New Center, Midtown, and downtown Detroit. Whether you’re an experienced investor or just entering the Detroit market, this property offers the perfect blend of historic charm, steady income potential, and unbeatable location!New Detroit PILOT program available for an immediate value add opportunity to substantially reduce property taxes! Inquire for more info!
Source: SparkMLS
About this home
This 8-bath home built in 1911 sits in Middle Woodward in Detroit.
Asking $525,000.
Property tax estimate: $19,217 per year ($1,601/month). 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. Fiber internet is available at this address with download speeds up to 5,000 Mbps across 9 providers.
Listing Property Details
Property TypeMulti Family
Bathrooms8
Lot Size0.19 acres
Year Built1911
Location
CityDetroit
Zip Code48202
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingHot Water
WaterPublic
Sale & Financing
Listed10/10/2025
Original Price$595,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$29,940
Tax Year2025
State Equalized Value$299,400
Assessed Value$299,400
Parcel #04001914.
Source: Public Records
Legal Description
N VIRGINIA PK 25 PEERLESS ADD NO 2 SUB L18 P39 PLATS, W C R 4/79 50 X 163
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLHistoric District: New Center Area 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 Daniel DeKeyser
Jim Saros Real Estate Services
Frequently Asked Questions about 710 Virginia Park Street, Detroit, MI 48202
Which school district serves 710 Virginia Park Street, Detroit, MI 48202?
Per MLS# 20251044444, 710 Virginia Park Street, Detroit, MI 48202 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 20251044444, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 710 Virginia Park Street, Detroit, MI 48202?
Per public tax records, annual property taxes for this property are $25,116. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 710 Virginia Park Street, Detroit, MI 48202 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.
Is 710 Virginia Park Street, Detroit, MI 48202 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. 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 710 Virginia Park Street, Detroit, MI 48202 in a historic district?
Per municipal ordinance records, this property is within the New Center Area Historic District. Exterior changes to properties in locally-designated historic districts typically require approval from the Historic District Commission. Verify current requirements with the local HDC.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 710 Virginia Park Street, Detroit, MI 48202. The maximum advertised download speed is 5.0 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 710 Virginia Park Street, Detroit, MI 48202?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Tax Estimate
$
Annual tax$19,217
Monthly$1,601
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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%
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Monthly payment$5,007
Principal & interest$3,405
Property taxes$1,601
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
9 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
710 Virginia Park Street, Detroit, MI 48202
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Neighborhood
Middle Woodward
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Community
Detroit
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County
Wayne County
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