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Harlen Lantz
Realtor®
(248) 974-2473
7418 Gateway Park Dr.
Clarkston, MI 48346
(248) 657-7000 Office
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$1,400,000
32 Days On Site

303 COVINGTON Drive
Detroit City Wayne, MI 48203

For Sale|Commercial Sale|Active
11
Beds
0
Full Baths
0
Partial Baths
8,831
SqFt
$159
/SqFt
1964
Built
Subdivision:
MERRILL PALMER (ALSO PG 55 )
County:
Wayne
Call Now: (248) 974-2473
Is this the home for you? We can help make it yours.
(248) 974-2473
303 COVINGTON Drive303 COVINGTON Drive303 COVINGTON Drive303 COVINGTON Drive
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Monthly Payment (Est.)

$6,387
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MID-CENTURY IN THE CITY! Sellers have made an extensive investment into renovations, making this recently remodeled 15-unit Palmer Park GEM a prime income-generating property. 303 Covington consistently earns top-dollar rental income, with most units already updated or in the final stages of renovation—tenant-ready within the month. Recent upgrades include a new boiler (2022), all new electrical service panels, dozens of replaced thermal windows, new in-unit ACs, and numerous interior improvements throughout each unit. This property has been a reliable income producer for decades and has undergone several thoughtful restorations, making it highly desirable for long-term, consistent occupancy. Tenants enjoy a shared courtyard and laundry room, secure fencing, illuminated walkways, front and rear entrances, and first-come, first-served parking. Rent rolls and expense reports available upon request. Don’t miss this incredible investment opportunity in one of Detroit’s most historic and revitalized neighborhoods!

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Listing Snapshot
Price 
$1,400,000
Days On Site 
32 Days
Bedrooms 
11
Inside Area (SqFt) 
8,831 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.25 Acres
Year Built 
1964
MLS® Number 
20250024379
Status 
Active
Property Tax 
$19,675
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
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What's This?
Private
Recent Activity
a month agoListing first seen on site
a month agoListing updated with changes from the MLS®
General Features
Acres 
0.25
Additional Property Use 
Multi-Family
Cross Street 
N of Woodward/W of Covington
Foundation 
Slab
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
8831
SqFt Total 
8831
Water Source 
Public
Zoning 
Commercial, MultiFamily
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Exterior Features
Construction Details 
Brick
Fencing 
FencedPerimeter
Community Features
Financing Terms Available 
CashConventional
MLS Area 
Area05041Det68GrfldDequindre
Roads 
Paved
School District 
Detroit
Schools
School District
Detroit
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Keller Williams Realty-Great Lakes: 5862103350



IDX provided courtesy of Realcomp II Ltd. via Realcomp. Copyright © 2025 Realcomp II Ltd. Shareholders.

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 and that the data is deemed reliable but not guaranteed accurate by the MLS.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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Harlen Lantz

7418 Gateway Park Dr.
Clarkston, MI 48346
(248) 974-2473 Cell
(248) 657-7000 Office
(248) 657-7770 Fax
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