8207 Schaefer Highway Detroit, MI $ 2,800,000
8207 Schaefer Highway
$ 2,800,000
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8207 Schaefer Highway

Detroit, MI, 48228
$ 2,800,000
Bedrooms44 Baths36.8 Sq 28,406

Monthly Estimate*

$ 17,468

8207 Schaefer Highway, Detroit, MI 48228 - Image 1
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8207 Schaefer Highway, Detroit, MI 48228 - Image 4
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8207 Schaefer Highway, Detroit, MI 48228 - Image 9
8207 Schaefer Highway, Detroit, MI 48228 - Image 10
8207 Schaefer Highway, Detroit, MI 48228 - Image 11

Multi-Family Home for sale in Detroit, MI

for $2,800,000 with 44 bedrooms and 36 full baths, 8 half baths. This 28,406 square foot home was built in 1957 on a lot size of 0.62.

Renovated 40-unit brick apartment complex (four 2-story connected buildings with 10 units in each building). There are 36 1-bed 1-bath and 4 2-bed 1-bath situated on a 27,007 sf site. Current occupancy 80%. Nice curb appeal high demand building near Dearborn. Two Boilers and roof updated, environmental clear, rear parking lot for tenants, security system. Property manager in place keep or self-manage. Ideal opportunity for cash buyer or bank financing. Can be sold as a package with 3 other apartment complexes!

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Multi-Family Active

Price

$ 2,800,000

Bedrooms

44

Full Bath

36

Half Bath

8

Property Type

Multi-Family

Taxes

$ 64,580

Style

MultiFamily

Lot Size

0.62

Year Built

1957

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

58050188314

Features
General
Sewer PublicSewer
Heating NaturalGas SeparateMeters Steam
Possession AtClose
Garage Spaces 0.0
Year Built 1957
Levels Two
Property Subtype MultiFamily
County Wayne
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name ESPER GARDENS
Garage Y/N N
Full Baths 36
Status Active
City DetroitCity_Wayne
Disclosures TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Number Of Units Total 40
MLS Area Area05042Det6TireGrnfldLivernois
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 64580.0
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
Legal Description W SCHAEFER 70 THRU 60ESPER GARDENS L47 P22 PLATS W C R 22/547 238.43 IRREG
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Exterior
Water Source Public
Foundation Details Basement
Spa N
Lot Dimensions 27007
Lot Size Acres 0.62
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 28406.0
Half Baths 8
Total Bedrooms 44
Above Grade Finished Area Source PublicRecords
Above Grade Finished Area Unit Type SquareFeet
Total Baths 44
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Internal Only
Street Number 1 8207
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* Excluded Features
List By
Justin Zehel

Listing Agent

Keller Williams Paint Creek

Broker

(248) 979-3466

Phone

Affordability Calculator

$22,850
Per Month
76%
24%
0%
Monthly Principal & Interest
$17,468
Monthly Property Taxes
$5,382
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
Pricing History
DatePricePrice ChangeDescription
9/12/2025$2,800,000 Listed Price

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8207 Schaefer Highway, Detroit, MI, 48228 is a Multi-Family Home for sale at $2,800,000 with 28,406 sqft and a lot size of 0.62. 8207 Schaefer Highway has 44 bedrooms, 36.8 baths, and was built in 1957. The property's zip code is 48228 which is in Detroit, MI