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

12039-12041 Schaefer Highway

^$ 154,900

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12039-12041 Schaefer Highway

Detroit, MI, 48227

^$ 154,900

Bedrooms-- Baths2.0 Sq 952

Monthly Estimate*

^$ 1,070

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Multi-Family Home for sale in Detroit, MI

for $154,900 with 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.

Multi-Family Active

Price

^$ 154,900

Full Bath

Property Type

Multi-Family

Taxes

^$ 9

Style

Lot Size

0.06

Year Built

1948

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61034218

Features

General

Heating Forced Air

Possession Subject To Tenant Rights

Water Public Water

Status Active Active

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1948

Subdivision Pavedway MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 15000

Ownership Private

Municipality Detroit

Zoning Residential

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions From 96 take Schafer exit go south about 1/2 mile property on right at corner of Castleton St.

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

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

DOM 10

Postal Code 48227

Price Per Sq Ft Total AG 162.71

Public Remarks

Interior

Basement Block Poured

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Brick

Frontage 27

Lot Size Area 0.06

Lot Dimensions 27X90

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Colleen Kennedy

Listing Agent

Prospect Realty Group

Broker

ckennedy@irgmi.com

Affordability Calculator

$1,071

Per Month

Monthly Principal & Interest: $1,070
Monthly Property Taxes: $1
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 7.375% 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

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$248,272

Percent of Sale Price 60%

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	$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 2.0 baths and was built in 1948. The property's zip code is 48227 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% 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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12039-12041 Schaefer Highway

Multi-Family Home for sale in Detroit, MI

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