MI > Wayne > Highland Park > 303 Covington Drive

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303 Covington Drive Map / directions

Highland Park, MI

48203 Market info

$1,290,000

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  • MLS# 20250024379
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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!

Property Information

Status
Active 
Address
303 Covington Drive 
City
Highland Park 
Zip
48203 
Year Built
1964 
Subdivision
Merrill Palmer (also Pg 55 ) 
Listing Date
04/11/2025 
List Price
$1,290,000
County
Wayne 
Above Grade SqFt
8,831 
Possession
At Close 
Price/SqFt
146.08 

School Information

School District
Detroit 

Taxes

Summer Taxes
$17,661 
Winter Taxes
$2,014 

Features

Zoning
Commercial, Multi-Family 
Water
Public (Municipal) 
Sub Property Type
Commercial 
Exterior Features
Fenced 

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  • Market Statistics
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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20250024379 May 23 2025 3:36PM $1,290,000 $1,400,000 65
20250024379 Active Apr 11 2025 1:46PM $1,400,000 65
2210095921 Sold Contingency Feb 4 2022 1:23PM $740,000 79
2210095921 Contingency Active Jan 13 2022 1:39PM 79
2210095921 Active Nov 17 2021 12:50PM $750,000 79
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

MIRC Logo

Listing Courtesy of Keller Williams Realty-Great Lakes
(586) 541-4000
Office Address 28220 Harper

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Our Michigan real estate agents can answer all of your questions about 303 Covington Drive, Highland Park MI 48203. Real Estate One, Max Broock Realtors, and J&J Realtors are part of the Real Estate One Family of Companies and dominate the Highland Park, Michigan real estate market. To sell or buy a home in Highland Park, Michigan, contact our real estate agents as we know the Highland Park, Michigan real estate market better than anyone with over 100 years of experience in Highland Park, Michigan real estate for sale.

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303 Covington Drive Highland Park
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$1,290,000
For Sale • Acres: 0.25 • Zoning: Commercial,Multi-Family