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14801 Joy Road Detroit, MI $ 850,000
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14801 Joy Road
$ 850,000
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14801 Joy Road

Detroit, MI, 48228
$ 850,000
Bedrooms-- Baths-- Sq 8,326

Monthly Estimate*

$ 5,234

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Commercial Property for sale in Detroit, MI

for $850,000. This 8,326 square foot building was built in 1959 on a lot size of 0.23.

Prime value-add multifamily investment opportunity in Detroit. This 14-unit property (all 1-bedroom units) is approximately 80% occupied with 11 paying tenants, providing immediate cash flow and a clear path to increased NOI. Extensive upgrades and improvements completed since 2023 reduce near-term capital expense risk while enhancing rent growth potential. Significant upside remains through stabilization of vacant units and continued rental optimization. Ideal for investors seeking strong yield, forced appreciation, and long-term portfolio growth. Let's make a deal.

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Commercial Active

Price

$ 850,000

Property Type

Commercial

Taxes

$ 8,260

Style

RealEstateOnly

Lot Size

0.23

Year Built

1959

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261004807
Features
General
Sewer SewerAtStreet
Possession SubjectToTenantRights
Garage Spaces 0.0
Construction Materials Brick
Year Built 1959
Property Subtype RealEstateOnly
Current Use MultiFamily Residential
Business Type Apartments
County Wayne
Net Operating Income 38000.0
Operating Expense 69000.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name OBENAUER-BARBER-LAING ORCHARD BLVD SUB
Garage Y/N N
Status Active
Directions S of Joy E of Greenfield
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 14
MLS Area Area05042Det6TireGrnfldLivernois
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 11
Land Lease Y/N N
Tax Annual Amount 8260.57
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 MultipleOccupantTypes
Tax Assessed Value 89354
Expected Active Date 2026-01-23
Legal Description S JOY RD 131 THRU 127 OBENAUER-BARBER-LAING ORCHARD BLVD SUB L46 P90 PLATS W C R 22/544 102 X 100
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Exterior
Water Source Community
Foundation Details Slab
Spa N
Building Area Total 8326.0
Lot Dimensions 102X100
Lot Size Acres 0.23
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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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 8326.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 14801
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* Excluded Features
List By
David Rabior

Listing Agent

Clyde Realty Llc

Broker

(586) 260-4346

Phone

Affordability Calculator

$5,922
Per Month
88%
12%
0%
Monthly Principal & Interest
$5,234
Monthly Property Taxes
$688
Monthly 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
848539 Elementary School
848135 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/23/2026$850,000 Listed Price

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14801 Joy Road, Detroit, MI, 48228 is a Commercial Property for sale at $850,000 with 8,326 sqft and a lot size of 0.23. 14801 Joy Road was built in 1959. The property's zip code is 48228 which is in Detroit, MI

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