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12039-12041 Schaefer Highway Detroit, MI $ 154,900
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12039-12041 Schaefer Highway
$ 154,900
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12039-12041 Schaefer Highway

Detroit, MI, 48227
$ 154,900
Bedrooms4 Baths2.0 Sq 952

Monthly Estimate*

$ 978

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Multi-Family Home for sale in Detroit, MI

for $154,900 with 4 bedrooms and 2 full baths. This 952 square foot home was built in 1948 on a lot size of 0.06.

Great investment opportunity! Side-by-side duplex conveniently located near I-96 and Grand River Avenue. Each unit features its own private front and back entrances with private basement. Both units are occupied by long-term tenants, providing an established rental opportunity. Both units received new furnaces in 2024, and the hot water heater in 12041 was replaced in 2026. Property consists of two parcels, 12039 and 12041 Schaefer Road, both included in the sale. Available individually or as part of a six-property investment portfolio.

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Multi-Family Active

Price

$ 154,900

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 9

Style

Brownstone

Lot Size

0.06

Year Built

1948

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261078480
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession SubjectToTenantRights
Garage Spaces 0.0
Architectural Style Brownstone
Pool Features None
Construction Materials Brick
Exclusions Exclusion(s) Do Not Exist
Pets Allowed Yes
Year Built 1948
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 15000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name PAVEDWAY
Garage Y/N N
Full Baths 2
Status Active
Directions From 96 take Schafer exit go south about 1/2 mile property on right at corner of Castleton St.
City DetroitCity_Wayne
Disclosures ConformstoZoning LegalRentalCertified ExclusionsDoNotExist NoRestrictions ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description Residential
Number Of Units Total 2
MLS Area Area05042Det6TireGrnfldLivernois
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 9.0
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 105
Expected Active Date 2026-09-28
Legal Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2026. W SCHAEFER HWY S 11 FT 198 N 16 FT 199 PAVEDWAY SUB L51 P6 PLATS W C R 22/5
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Interior
Basement Full InteriorEntry Private Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 952.0
Half Baths 0
Laundry Features InUnit
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Exterior
Water Source Public
Foundation Details Basement Block Poured
Spa N
Lot Dimensions 27X90
Lot Size Acres 0.06
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 12039
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* Excluded Features
List By
Colleen Kennedy

Listing Agent

Prospect Realty Group

Broker

(248) 417-1396

Phone

Affordability Calculator

$979
Per Month
100%
0%
0%
Monthly Principal & Interest
$978
Monthly Property Taxes
$1
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
9/28/2026$154,900 Listed Price

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12039-12041 Schaefer Highway, Detroit, MI, 48227 is a Multi-Family Home for sale at $154,900 with 952 sqft and a lot size of 0.06. 12039-12041 Schaefer Highway has 4 bedrooms, 2.0 baths, and was built in 1948. The property's zip code is 48227 which is in Detroit, MI

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