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Off Market

7403 Midland Street

Detroit MI 48238

8
6014 sq. ft.
0.11 ac.
Multi-Family
Last sold for $350,000
Shane ParkerShane Parker, last sold this property on 31 March 2026 after 171 days on market.

Overview

Land Contract terms now available! Remarkable 8-Unit Investment Opportunity in the Fitzgerald/Marygrove Neighborhood! Discover this rare multi-family property just steps from the University of Detroit Mercy and less than a mile from the Avenue of Fashion. Each of the eight units features two bedrooms and one bathroom, providing strong rental potential in one of Detroit's most sought-after and revitalizing areas. The building features a newer roof, new electrical and plumbing systems, some recessed lighting already installed, as well as common area fixtures, newer bathrooms in most of the units, and kitchen renovations already started with new flooring - so much of the heavy lifting has already been completed. Each unit is separately metered for gas and electricity, allowing residents to pay their own utilities. To complete the project, only HVAC systems, hot water tanks, and cosmetic finishes remain. Once completed, this property is projected to generate an estimated 20%+ cap rate(at $1200/month rents), making it an outstanding income-producing investment. Located near Marygrove Conservancy, Ella Fitzgerald Park, and the Livernois-McNichols corridor, the neighborhood continues to benefit from major reinvestment through new streetscapes, parks, and local business development. Residents enjoy easy access to major freeways, shopping, dining, nightlife, and entertainment, with quick commutes to Downtown Detroit, Midtown, and nearby employment centers. All measurements and data are estimated.

Features

8 bathrooms
6014 sq. ft. floor area
0.11 ac. lot size
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Detroit over the last 12 months, the estimated median property value of 7403 Midland Street is $120k.

Median value
$120k
Estimated value range
$1k - $525k
Median days on market
35
Estimated value trend
37%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Detroit. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 7403 Midland Street

2026
Sold
$350,000
31 Mar 2026 by Shane Parker, of S&P Realty
2024
Sold
$200,000
19 Apr 2024 by Letitia Davenport Ezell, of Downtown Realty

Happy sellers in Detroit

~%

We have insufficient information to provide an overview of customer satisfaction for Detroit. Viewing the agent profiles, reviews and sales for Detroit can provide insights for this location.

Local market activity for multi families in Detroit

In the last 12 months, 86 multi families similar to 7403 Midland Street, have been sold.

This represents a 11% decrease in multi families sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Detroit

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Arianna Lee

Sellers who recommend Arianna Lee have praised them for being local expert, clear communication, responsive, patient, supportive, pleasant, and dedicated

  •   5   (116 reviews)
  •  3 Reviews in Detroit
  •  3 Sales in Detroit
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Randall Fogelman

Sellers who recommend Randall Fogelman have praised them for being local expert, supportive, responsive, reliable, clear communication, great negotiation, and well-prepared

  •   5   (92 reviews)
  •  1 Review in Detroit
  •  1 Sale in Detroit
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Angelica Vazquez

Angelica Vazquez is a recommended agent for Detroit.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (1 review)
  •  1 Review in Detroit
  •  1 Sale in Detroit
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Tiffany McCullough

Tiffany McCullough is a recommended agent for Detroit.  They have collected 1 local review across the last 12 months.

  •   5   (2 reviews)
  •  1 Review in Detroit
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