$3,563 Closing Credit¹
Jennifer Lasco, Justin Hardy, Listing Office: Lasco Real Estate Group
$3,420
closing credit¹
7406 Oakland St Detroit, MI 48211
$288,000 List price
$3,420
Closing credit¹
4 full
2,262 sqft
0.08 acres
$127 / sqft
Multi-Family
Property details
About 7406 Oakland St
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).
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
CoolingCeiling Fan(s)
Size2,262 sqft
BasementYes
Lot size0.08 Acres
Year built1910
ParkingOnStreet
MLS #20240093621
Summary
- MLS Number: 20240093621
- MLS Name: Realcomp II Ltd
- Office Name: Berkshire Hathaway HomeServices The Loft Warehouse
- Office Phone: (313) 658-6400
- Listing Agent: Jan Dijkers
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: 1/30/2025, 4:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$288,000
7406 Oakland St
$3,420
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 17, 2020 | Home Sold | $115,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $55,400 | $1,808 |
| 2023 | $39,800 | $1,808 |
| 2022 | $25,100 | $2,634 |
| 2021 | $17,600 | $2,634 |
| 2020 | $16,600 | $1,248 |
| 2018 | $10,600 | $1,248 |
| 2017 | $10,500 | $1,242 |
History based on county public records data.
Nearby schools
2
University Preparatory Academy Psad Elementary School
Public Charter KG-5
0.8 mi
•435 Amsterdam St
1
University Preparatory Academy (PSAD) Elementary School
Public Charter KG-5
1.1 mi
•957 Holden St
2
University Preparatory Art Design Elementary School
Public Charter KG-5
1.7 mi
•10225 3rd 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 $36,271. The majority of Detroit, MI residents have income less than $<35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
49%
<35k
35%
35k-100k
14%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
64%
Single, No Kids
24%
Single, with Kids
5%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
11%
12-17 yrs old
23%
18-34 yrs old
37%
35-64 yrs old
12%
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
Foot Locker
Where do the neighbors go to eat?
White Castle
Boston Market
Little Caesars
What do the neighbors drive?
Kia
Honda
Dodge
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 7406 Oakland St in Detroit, MI and zip code 48211 in the Midtown neighborhood. This 2,262 square foot home, which was built in 1910, sits on a 0.08 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since December 27, 2024 and is currently priced at $288,000.
In December 2024 more than 91 listings in Detroit, MI were sold above the asking price. During the same period more than 68 listings were sold at asking price, while more than 231 were sold below. Between November and December 2024, Detroit, MI real estate market has seen increase in the number of listings by 0.2%. In December 2024, listings were on the market for 46 days. During the same period, the median list price in this real estate market was $85,917.
From Rocket Homes Real Estate and based on county public records data.