14881 Schaefer Highway Detroit, MI ^$ 1,900,000

14881 Schaefer Highway

^$ 1,900,000

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14881 Schaefer Highway

Detroit, MI, 48227

^$ 1,900,000

Studio Baths48.0 Sq 25,970

Monthly Estimate*

^$ 11,854

14881 Schaefer Highway, Detroit, MI 48227 - Image 1

14881 Schaefer Highway, Detroit, MI 48227 - Image 2

14881 Schaefer Highway, Detroit, MI 48227 - Image 3

14881 Schaefer Highway, Detroit, MI 48227 - Image 4

14881 Schaefer Highway, Detroit, MI 48227 - Image 5

14881 Schaefer Highway, Detroit, MI 48227 - Image 6

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14881 Schaefer Highway, Detroit, MI 48227 - Image 8

Studio

Multi-Family Home for sale in Detroit, MI

for $1,900,000 with 48 full baths. This 25,970 square foot home was built in 1965 on a lot size of 0.7.

Stacey Ann is a 48-unit multifamily property located in Northwest Detroit, offering stable cash flow with significant room for operational and rent growth. Built in 1965 and renovated in 2021, the property is currently 81% occupied, providing a clear path to increase NOI through lease-up, rent repositioning, and reduced management expenses. This property is part of the Detroit 2 Portfolio (83 total units), which is currently 87%+ occupied and generating $686,000+ in annual income, offering investors a proven cash-flowing operation with meaningful upside in a supply-constrained rental market.

Multi-Family Active

Price

^$ 1,900,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 32,952

Style

Lot Size

0.7

Year Built

1965

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60954851

Features

General

Heating Baseboard Radiant

Possession At Close

Water Public Water

Status Active Active

Full Baths 48

Half Baths 0

Bathrooms 48

Year Built 1965

Subdivision Huron Heights MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 214270

Ownership Private

Municipality Detroit

Zoning Commercial

Sale/Rent For Sale

Status Detail 0

Area Detroit (82001)

Primary City Detroit

Directions South of Chalfonte along Schaefer Highway

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

Legal Description W SCHAEFER HWY 319 THRU 333 HURON HEIGHTS SUB L34 P71 PLATS W C R 22/62 300 X 102.2

DOM 12

Postal Code 48227

Price Per Sq Ft Total AG 73.16

Public Remarks Stacey Ann is a 48-unit multifamily property located in Northwest Detroit offering stable cash flow with significant room for operational and rent growth. Built in 1965 and renovated in 2021

Interior

Basement Poured

Fireplace? No

Total Number of Units 48

Fuel Type Natural Gas

Exterior

Exterior Brick

Lot Size Area 0.7

Lot Dimensions 300X102.2

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Michael McClafferty

Listing Agent

Oakpointe Real Estate Advisors

Broker

michael@oakpointeadvisors.com

Affordability Calculator

$14,600

Per Month

Monthly Principal & Interest: $11,854
Monthly Property Taxes: $2,746
Monthly Home Insurance: --

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Loan Term

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% 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 ^$237,392

Percent of Sale Price 88%

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
11/21/2025	$1,900,000		Listed Price

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14881 Schaefer Highway, Detroit, MI, 48227 is a Multi-Family Home for sale at $1,900,000 with 25,970 sqft and a lot size of 0.7. 14881 Schaefer Highway is a studio with 48.0 baths and was built in 1965. The property's zip code is 48227 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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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14881 Schaefer Highway

Multi-Family Home for sale in Detroit, MI

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