12703 Stoepel Street Detroit, MI $ 243,000
12703 Stoepel Street
$ 243,000
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12703 Stoepel Street

Detroit, MI, 48238
$ 243,000
Baths3.0 Sq 2,600

Monthly Estimate*

$ 1,496

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Studio

Multi-Family Home for sale in Detroit, MI

for $243,000 with 3 full baths. This 2,600 square foot home was built in 1927 on a lot size of 0.09.

Solid, income-producing brick 3-unit located in a strong rental area on Detroit’s west side. This property features one large 3-bedroom, 1-bath unit and two 1-bedroom, 1-bath units *** all currently occupied with tenants up to date on rental payments***. Most importantly for investors: the property holds a current Certificate of Compliance from the City of Detroit. This is a fully operating, compliant asset with income in place. Ownership has been proactive and detail-oriented, with ongoing maintenance handled in a timely manner. Minor tenant repairs have never been deferred, protecting both the physical asset and its long-term performance. The result is a property that reflects care, pride, and responsible management. Major mechanical improvement includes a new sewer line installed all the way to the city tap (2026). This is a significant capital upgrade already completed. New sump pump added (2026) In addition to the triplex, the sale includes two adjoining vacant lots directly to the south of the property. This provides huge potential: future parking expansion, added outdoor space for tenants, new development, or long-term land hold in an appreciating area. The building is solid brick construction — durable, low-maintenance, and built to last. Located near major corridors with easy access to Livernois, the Lodge Freeway, and nearby retail and employment centers, the area continues to show strong rental demand and long-term upside. This is a true value play: stabilized income, major infrastructure update completed, bonus land included, and positioned in a strong rental area. A smart addition to any Detroit investment portfolio.

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Multi-Family Active

Price

$ 243,000

Bedrooms

Studio

Full Bath

3

Property Type

Multi-Family

Taxes

$ 1,661

Style

Colonial

Lot Size

0.09

Year Built

1927

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261009284

Features
Interior
Interior Amenities ProgrammableThermostat
Basement Full Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2600.0
Half Baths 0
Laundry Features GasDryerHookup WasherHookup
Above Grade Finished Area Unit Type SquareFeet
Total Baths 3
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General
Sewer PublicSewer
Heating ForcedAir NaturalGas SeparateMeters
Cooling CeilingFans
Possession SubjectToTenantRights
Roof Asphalt
Garage Spaces 0.0
Patio/Porch Features Covered Porch
Architectural Style Colonial
Pool Features None
Security Features CarbonMonoxideDetectors ExteriorVideoSurveillance SmokeDetectors
Construction Materials Brick
Pets Allowed Yes
Year Built 1927
Levels Two
Property Subtype MultiFamily
Community Features Sidewalks
County Wayne
Net Operating Income 0.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name ROBERT OAKMANS FORD HWY & GLENDALE
Garage Y/N N
Rent Includes Sewer TrashCollection Water YardMaintenance
Full Baths 3
Status Active
Directions Home is located on the west side of the street
City DetroitCity_Wayne
Disclosures ActualIncome LegalRentalCertified TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily Residential
Number Of Units Total 3
MLS Area Area05042Det6TireGrnfldLivernois
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 3
Land Lease Y/N N
Tax Annual Amount 1661.0
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 16887
Expected Active Date 2026-03-02
Legal Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/31/2025. W STOEPEL 226 ROBERT OAKMANS FORD HWY & GLENDALE SUB L35 P82 PLATS WCR 16/2
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Exterior
Fencing BackYard FencingAllowed
Parking Features OnStreet Other
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 35X108
Lot Size Acres 0.09
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 12703
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* Excluded Features
List By
Tracy A Petersen

Listing Agent

Vm Real Estate Group

Broker

(586) 797-0999

Phone

Affordability Calculator

$1,635
Per Month
92%
8%
0%
Monthly Principal & Interest
$1,496
Monthly Property Taxes
$138
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
Pricing History
DatePricePrice ChangeDescription
3/2/2026$243,000 Listed Price

Map


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12703 Stoepel Street, Detroit, MI, 48238 is a Multi-Family Home for sale at $243,000 with 2,600 sqft and a lot size of 0.09. 12703 Stoepel Street is a studio with 3.0 baths and was built in 1927. The property's zip code is 48238 which is in Detroit, MI