12850 Dolphin Street

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.

Neighbors

Rouge Park Golf Course, Gompers Elementary-Middle School, Cody High School, Detroit Leadership Academy, Detroit Community Schools Elementary School, City Mission Academy, Telecraft Shopping Center, Heritage Plaza, Value Center Detroit, Fairlane Town Center, Foreign Language Immersion & Cultural Studies School, Mann Learning Community, Communication & Media Arts High School, Detroit Community Schools High School, Gibson School, The Covenant School

Features

• Significant capital improvements including renovated units, upgraded systems, and modern finishes.
• Efficient operations with a mix of boiler-heated and individually metered units.
• Excellent location near I-94 and Telegraph, close to major employers and amenities.
• Stabilized asset offering consistent cash flow in Detroit’s strengthening rental market.