18059 Hoover St Detroit, MI 48205
Von Steuben NeighborhoodEstimated payment $7,150/month
Highlights
- 0.46 Acre Lot
- Cass Technical High School Rated 10
- Baseboard Heating
About This Home
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!
Listing Agent
Keller Williams Paint Creek License #MISPE-6501397844 Listed on: 02/20/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Bedrooms and Bathrooms
- 16 Bedrooms
- 16 Full Bathrooms
Utilities
- Baseboard Heating
- Separate Meters
Additional Features
- 2-Story Property
- 20,038 Sq Ft Lot
- Basement
Community Details
- 16 Units
- Onahome Sub Subdivision
Listing and Financial Details
- Assessor Parcel Number 17013999-4008
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $21,170 | $358,400 | $0 | $0 |
| 2024 | $20,996 | $338,200 | $0 | $0 |
| 2023 | $6,297 | $286,800 | $0 | $0 |
| 2022 | $23,138 | $251,600 | $0 | $0 |
| 2021 | $15,142 | $171,300 | $0 | $0 |
| 2020 | $6,577 | $137,000 | $0 | $0 |
| 2019 | $6,456 | $129,600 | $0 | $0 |
| 2018 | $5,500 | $73,500 | $0 | $0 |
| 2017 | $1,303 | $68,700 | $0 | $0 |
| 2016 | $6,770 | $67,700 | $0 | $0 |
| 2015 | $6,770 | $67,700 | $0 | $0 |
| 2013 | $6,766 | $67,657 | $0 | $0 |
| 2010 | -- | $72,864 | $10,954 | $61,910 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/20/2026 02/20/26 | For Sale | $1,000,000 | +163.2% | $94 / Sq Ft | |
| 07/10/2025 07/10/25 | Sold | $380,000 | -24.0% | $36 / Sq Ft | View Prior Sale |
| 03/14/2025 03/14/25 | Pending | -- | -- | -- | |
| 01/13/2025 01/13/25 | For Sale | $499,900 | -- | $47 / Sq Ft |
Source: Michigan Multiple Listing Service
MLS Number: 50199868
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Source MLS: MiRealSource
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