8676 Schaefer Highway Detroit, MI ^$ 209,000

8676 Schaefer Highway

^$ 209,000

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8676 Schaefer Highway

Detroit, MI, 48228

^$ 209,000

Bedrooms-- Baths2.0 Sq 1,868

Monthly Estimate*

^$ 1,320

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Multi-Family Home for sale in Detroit, MI

for $209,000 with 2 full baths. This 1,868 square foot home was built in 1953 on a lot size of 0.12.

Income producing renovated duplex with immediate cash flow! This 2 unit property features two 2-bedroom units, both currently leased at $1,300/month for a total of $2,600 in monthly rental income. One unit is occupied by a Section 8 tenant with a lease through November 2026, while the other is occupied by a cash-paying tenant with a lease through January 2027. Property features include a new electrical panel, updated interiors, and convenient rear parking. A great opportunity for an investor looking to add a tenant occupied, income producing multifamily property to their portfolio. Schedule your showings today! Tenant occupied. No showings prior to accepted offer. Please do not disturb tenants.

Multi-Family Active

Price

^$ 209,000

Full Bath

Property Type

Multi-Family

Taxes

^$ 7,352

Style

Lot Size

0.12

Year Built

1953

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61034232

Features

General

Heating Forced Air

Possession At Close

Water Public Water at Street

Status Active Active

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1953

Subdivision Robert Oakman Land Cos Aviation Field Sub 4 L58 P4 MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 31200

Ownership Private

Municipality Detroit

Zoning Multi-Family

Sale/Rent For Sale

Status Detail 0

Structure Style 1 1/2 Story

Area Detroit (82001)

Primary City Detroit

Directions From Joy Rd head north on Schaefer Hwy. Property is located on Schaefer Hwy north of Joy Rd.

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

Legal Description E SCHAEFER HWY N 17.5 FT 3562 3563 S 9.5 FT 3564 AND W 10 FT OF VAC ALLEY ADJ R OAKMAN LAND COS AVIATION FIELD SUB NO 4 L58 P48 PLATS W C R 22/550 47 X 110

DOM 10

Postal Code 48228

Price Per Sq Ft Total AG 111.88

Public Remarks Income producing renovated duplex with immediate cash flow! This 2 unit property features two 2-bedroom units both currently leased at $1 300/month for a total of $2

Exterior

Exterior Brick

Frontage 40

Lot Size Area 0.12

Lot Dimensions 47X110

Roads Paved Street

Waterfront Y/N No

Interior

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

* Excluded Features

List By

Brittney Dickerson

Listing Agent

Exp Realty Main

Broker

Brittney.dickerson@exprealty.com

Affordability Calculator

$1,932

Per Month

Monthly Principal & Interest: $1,320
Monthly Property Taxes: $613
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$245,611

Percent of Sale Price 18%

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
9/28/2026	$209,000		Listed Price

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8676 Schaefer Highway, Detroit, MI, 48228 is a Multi-Family Home for sale at $209,000 with 1,868 sqft and a lot size of 0.12. 8676 Schaefer Highway has 2.0 baths and was built in 1953. 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 6.49% 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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8676 Schaefer Highway

Multi-Family Home for sale in Detroit, MI

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