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$5,980,000
5 Days On Site

12850 Dolphin Street
Detroit City, MI 48223

For Sale|Commercial Sale|Active
184
Beds
0
Total Baths
115,219
SqFt
$52
/SqFt
1955
Built
Subdivision:
GRAYTON PARK MANOR
County:
Wayne
12850 Dolphin Street12850 Dolphin Street12850 Dolphin Street12850 Dolphin Street
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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

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Listing Snapshot
Price 
$5,980,000
Days On Site 
5 Days
Bedrooms 
184
Inside Area (SqFt) 
115,219 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
4.17 Acres
Year Built 
1955
MLS® Number 
20251053183
Status 
Active
Property Tax 
$161,543
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoListing first seen on site
5 days agoListing updated with changes from the MLS®
General Features
Acres 
4.17
Additional Property Use 
Multi-Family
Cross Street 
Outer Drive & I-96
Foundation 
Block
Levels 
Two
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
115219
SqFt Total 
115219
Water Source 
Public
Zoning 
MultiFamily
Interior Features
Appliances 
Gas Water Heater
Heating 
Forced AirRadiant
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Exterior Features
Construction Details 
Brick
Community Features
Financing Terms Available 
CashConventional
MLS Area 
Area05033DetSchcraft6GrnfldLimits
Roads 
Paved
School District 
Detroit
Schools
School District
Detroit
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of O'Connor Realty Detroit, LLC: [email protected]



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Neighborhood & Commute
Source: Walkscore
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