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

Detroit, MI, 48227
$ 1,900,000
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
14881 Schaefer Highway, Detroit, MI 48227 - Image 7
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.

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Multi-Family Active

Price

$ 1,900,000

Bedrooms

Studio

Full Bath

48

Property Type

Multi-Family

Taxes

$ 32,952

Style

Lot Size

0.7

Year Built

1965

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251055692
Features
General
Sewer PublicSewer
Heating Baseboard NaturalGas Radiant
Possession AtClose
Garage Spaces 0.0
Architectural Style Other
Pool Features None
Construction Materials Brick
Pets Allowed Call
Year Built 1965
Levels Three
Property Subtype MultiFamily
County Wayne
Net Operating Income 214270.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name HURON HEIGHTS
Garage Y/N N
Rent Includes Heat MaintenanceOnSite Sewer SnowRemoval TrashCollection Water YardMaintenance
Full Baths 48
Status Active
Directions South of Chalfonte along Schaefer Highway
City DetroitCity_Wayne
Disclosures ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial
Number Of Units Total 48
MLS Area Area05042Det6TireGrnfldLivernois
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 39
Land Lease Y/N N
Tax Annual Amount 32952.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 343850
Expected Active Date 2025-11-21
Legal Description W SCHAEFER HWY 319 THRU 333 HURON HEIGHTS SUB L34 P71 PLATS W C R 22/62 300 X 102.2
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Interior
Basement Full Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 25970.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 48
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Exterior
Water Source Public
Foundation Details Basement Poured
Spa N
Lot Dimensions 300X102.2
Lot Size Acres 0.7
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 14881
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* Excluded Features
List By
Michael McClafferty

Listing Agent

Oakpointe Real Estate Advisors

Broker

(248) 972-7040

Phone

Affordability Calculator

$14,600
Per Month
81%
19%
0%
Monthly Principal & Interest
$11,854
Monthly Property Taxes
$2,746
Monthly 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
848539 Elementary School
848135 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
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

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