8207 Schaefer Highway Detroit, MI ^$ 2,800,000

8207 Schaefer Highway

^$ 2,800,000

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8207 Schaefer Highway

Detroit, MI, 48228

^$ 2,800,000

Bedrooms44 Baths36.8 Sq 28,406

Monthly Estimate*

^$ 17,240

8207 Schaefer Highway, Detroit, MI 48228 - Image 1

8207 Schaefer Highway, Detroit, MI 48228 - Image 2

8207 Schaefer Highway, Detroit, MI 48228 - Image 3

8207 Schaefer Highway, Detroit, MI 48228 - Image 4

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8207 Schaefer Highway, Detroit, MI 48228 - Image 9

8207 Schaefer Highway, Detroit, MI 48228 - Image 10

8207 Schaefer Highway, Detroit, MI 48228 - Image 11

Multi-Family Home for sale in Detroit, MI

for $2,800,000 with 44 bedrooms and 36 full baths, 8 half baths. This 28,406 square foot home was built in 1957 on a lot size of 0.62.

Renovated 40-unit brick apartment complex (four 2-story connected buildings with 10 units in each building). There are 36 1-bed 1-bath and 4 2-bed 1-bath situated on a 27,007 sf site. Current occupancy 80%. Nice curb appeal high demand building near Dearborn. Two Boilers and roof updated, environmental clear, rear parking lot for tenants, security system. Property manager in place keep or self-manage. Ideal opportunity for cash buyer or bank financing. Can be sold as a package with 3 other apartment complexes!

Multi-Family Active

Price

^$ 2,800,000

Bedrooms

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 64,580

Style

Lot Size

0.62

Year Built

1957

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

50188314

Features

General

Heating Boiler

Possession At Close

Water Public Water

Status Active Active

Full Baths 36

Half Baths 8

Bathrooms 44

Year Built 1957

Subdivision Esper Gardens MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Ownership Private

Municipality Detroit

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

City Detroit

School District Detroit City School District

Financial Terms Cash

Legal Description W SCHAEFER 70 THRU 60ESPER GARDENS L47 P22 PLATS W C R 22/547 238.43 IRREG

DOM 132

Postal Code 48228

Price Per Sq Ft Total AG 98.57

Public Remarks Renovated 40-unit brick apartment complex (four 2-story connected buildings with 10 units in each building). There are 36 1-bed 1-bath and 4 2-bed 1-bath situated on a 27

Interior

Beds 44

Fireplace? No

Total Number of Units 40

Fuel Type Natural Gas

Exterior

Lot Size Area 0.62

Lot Dimensions 27007

Waterfront Y/N No

* Excluded Features

List By

Justin Zehel

Listing Agent

Keller Williams Paint Creek

Broker

Zehel@proteamkw.com

Affordability Calculator

$22,622

Per Month

Monthly Principal & Interest: $17,240
Monthly Property Taxes: $5,382
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$234,851

Percent of Sale Price 92%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/12/2025	$2,800,000		Listed Price

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8207 Schaefer Highway, Detroit, MI, 48228 is a Multi-Family Home for sale at $2,800,000 with 28,406 sqft and a lot size of 0.62. 8207 Schaefer Highway has 44 bedrooms, 36.8 baths, and was built in 1957. The property's zip code is 48228 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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8207 Schaefer Highway

Multi-Family Home for sale in Detroit, MI

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