MI
Wayne
Detroit City
48223
12850 Dolphin Street
12850 Dolphin Street, Detroit City, MI 48223
Share Listing
Listing Type
Commercial/Industrial
Listing Status
active
21
$5,980,000

Home Details for 12850 Dolphin Street

Price
$5,980,000
Type
Commercial Sale
Bedrooms
184
Bathrooms
Square feet
115219
Year built
1955
Lot size acres
4.17
County
Wayne
Garage
Days on site
28
MLS Listing#
20251053183
Property Description

Dolphin Gardens is comprised of 76 one-bedroom/one-bath apartments; 50 two-bedroom/one-bath apartments; one single-family home; and one office. The current owner has invested significant capital in extensive renovations, modernizing 89 units with new kitchens, bathrooms, and flooring. Additional improvements include upgrades to furnaces, hot water tanks, boilers, laundry facilities, and common areas—positioning Dolphin Gardens as a well-maintained, income-stabilized investment opportunity within Detroit’s strong rental market. The property offers excellent connectivity, positioned near I-94 and U.S. Route 24 (Telegraph Road), two major corridors linking Detroit to its surrounding suburbs and key employment centers. Anchored by top cultural institutions and universities, and bolstered by projects like the Detroit Center for Innovation and Michigan Central Innovation Center, the region is rapidly emerging as a hub for technology, education, and investment. Dolphin Gardens Apartments is a well-maintained 130-unit multifamily community located at 12850 Dolphin Street in Detroit, Michigan. Spanning 18 buildings, the property offers a balanced mix of unit types and heating systems designed for efficient operations. The primary building includes 48 boiler-heated units with ownership providing gas and water, while tenants pay for electricity. The remaining 82 units are equipped with individual furnaces and are separately metered for gas and electric, with ownership covering water service—creating a favorable balance between tenant responsibility and owner-controlled expenses. Property tours begin Tuesday, November 18th from Noon – 1:00 PM

Property Features
  • Heating Information
    • Forced Air
    • Radiant
  • Cooling Information
    • None
  • Water Features
    • Public
Listing Courtesy: O'Connor Realty Detroit, LLC - 313-963-9891
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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