18059 Hoover ST Detroit MI 48205 MLS #58050199868

18059 Hoover ST
Detroit, MI, 48205
$1,000,000
16 Beds
16 Baths
10,590 SqFt
0.46 Acres
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MLS #58050199868 image #0
Calling all investors! 16-unit apartment complex featuring all one-bedroom, one-bath units. Extensively updated with new plumbing, updated electrical, newer windows, and brand-new furnaces. Half the units offer electric baseboard heat, while the others have individual furnaces. Tenants pay gas and electric, keeping operating costs low. Units have been renovated with updated kitchens and baths, new flooring, fresh paint, and stainless steel appliances. 90%+ occupied and generating a strong 12% cap rate. Property has completed Step 1 of the Pilot Program, with seller working toward full approval with two steps remaining. Don’t miss this great investment opportunity!

Property Details

Price:
$1,000,000
MLS #:
58050199868
Status:
Active
Beds:
16
Baths:
16
Type:
Single Family
Subtype:
Multi Family
Subdivision:
ONAHOME SUB
Neighborhood:
05054det8togratiothoustonto7
Listed Date:
Feb 20, 2026
Finished Sq Ft:
10,590
Year Built:
1948
Short Sale05054 – Det 8 To Gratiot/houston To 705054det8togratiothoustonto7Onahome SubDetroit

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Schools

School District:
Detroit

Interior

Bathrooms
16 Full Bathrooms
Heating
Baseboard, Electric, Natural Gas, Other Heating Source, Separate Meters

Exterior

Financial

Taxes
$26,473

Map

Community

Market Summary

Current real estate data for Single Family in Detroit as of Mar 02, 2026
2,975
Single Family Listed
125
Avg DOM
82
Avg $ / SqFt
$148,517
Avg List Price

Property Summary

    Located in the ONAHOME SUB subdivision, 18059 Hoover ST Detroit MI is a Single Family for sale in Detroit, MI, 48205. It is listed for $1,000,000 and features 16 beds, 16 baths, and has approximately 10,590 square feet of living space, and was originally constructed in 1948. The current price per square foot is $94. The average price per square foot for Single Family listings in Detroit is $82. The average listing price for Single Family in Detroit is $148,517. To schedule a showing of MLS#58050199868 at 18059 Hoover ST in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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disclosure
Courtesy of Keller Williams Paint Creek. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of Move in Michigan. Detailed information about real estate listings held by brokerage firms other than LoChirco Realty, LLC include the name of the listing broker. Neither the listing company nor LoChirco Realty, LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. . All rights reserved.
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18059 Hoover ST
Detroit, MI