Backup offers
$5,047 Closing Credit¹
#20240087859, Nazareth Sanchez, Listing Office: RE/MAX Leading Edge
$675,000 List price
1705 Oakman Blvd Detroit, MI 48238
$8,016
Closing credit¹
13 full
8,748 sqft
0.1 acres
$77 / sqft
Multi-Family
Property details
About 1705 Oakman Blvd
Great Investment Opportunity: 13-Unit Apartment Complex in Oakman Historical District Check out this fantastic 13-unit apartment building in the Oakman Historical District of Detroit. It’s a solid investment with 10 out of the 13 units currently rented, so you’ll start earning right away! Taxes $3,800 annually Insurance $6,000 annually Gas $12,000 annually Electric $2,400 Annually Water $9,600 annually 3 units are vacant Unit 2 the building manager lives in and would like to stay, he takes care of the building and grounds in exchange for housing, has been there 20 years. Boiler in basement, original plumbing, fixed when needed and well maintained, newer electrical boxes Not a government rent controlled building and no tenants are section 8 All units are the same layout, 1 bed 1 bath, some have carpet, some have wood floors. Tenants pay electric and cooking gas. windows are 4 years old, roof is under 10 years old Located in a charming historic neighborhood with lots of character. This property combines historical appeal with recent upgrades and offers great rental income potential. It’s a smart choice for anyone looking to invest in a growing area!
Highlights
Home typeMulti Family
HeatingBaseboard, Natural Gas, Separate Meters
StatusActive
Size8,748 sqft
BasementYes
Lot size0.14 Acres
Year built1927
MLS #20250010572
Summary
- MLS Number: 20250010572
- MLS Name: Realcomp II Ltd
- Office Name: RE/MAX Leading Edge
- Office Phone: (313) 277-7777
- Listing Agent: Charlotte Tumminello
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 3:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$675,000
1705 Oakman Blvd
$8,016
closing credit¹
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Seller rebate
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $219,900 | $2,709 |
| 2023 | $185,500 | $2,709 |
| 2022 | $162,800 | $2,709 |
| 2021 | $107,900 | $2,709 |
| 2020 | $85,600 | $2,543 |
| 2018 | $33,500 | $2,543 |
| 2017 | $31,300 | $2,528 |
History based on county public records data.
Nearby schools
1
George Washington Carver Elementary School
Public Charter PK-4
1.4 mi
•14510 2nd Ave
2
University Preparatory Art Design Elementary School
Public Charter KG-5
1.8 mi
•10225 3rd St
3
Bagley Elementary School of Journalism and Technology
Public District PK-6
2.4 mi
•8100 Curtis St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $25,385. Residents of Detroit, MI typically earn less than $<35k each year. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
71%
<35k
29%
35k-100k
0%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
63%
Single, No Kids
21%
Single, with Kids
10%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
7%
12-17 yrs old
22%
18-34 yrs old
44%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
H&M
Ross Dress For Less
Where do the neighbors go to eat?
White Castle
Boston Market
Jack In The Box
What do the neighbors drive?
Kia
Honda
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 1705 Oakman Blvd in Detroit, MI and zip code 48238 in the Midtown neighborhood. This 8,748 square foot home, which was built in 1927, sits on a 0.14 acre lot. Features: 13 bathrooms. It has been listed on Rocket Homes since February 18, 2025 and is currently priced at $675,000.
While more than 76 listings in Detroit, MI in January 2025 were sold above asking price, there were more than 63 listings sold at asking price, and more than 192 were sold below. Between December and January 2025, Detroit, MI real estate market has seen increase in the number of listings by 8.7%. In January 2025 median list price was $87,445 and the average listing age was 58 days.
From Rocket Homes Real Estate and based on county public records data.