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!
For sale
$2,800,000
8207 Schaefer Hwy, Detroit, MI 48228
44beds
28,406sqft
Est.:
Multi Family
Built in 1957
-- sqft lot
$2,459,600 Zestimate®
$99/sqft
$-- HOA
What's special
Brick apartment complexNice curb appeal
- 91 days |
- 309 |
- 20 |
Zillow last checked: 8 hours ago
Listing updated: September 12, 2025 at 11:38am
Listed by:
Justin Zehel 248-979-3466,
Keller Williams Paint Creek 248-609-8000
Source: MiRealSource,MLS#: 50188314
Originating MLS: MiRealSource
Originating MLS: MiRealSourceTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 44
- Bathrooms: 44
- Full bathrooms: 36
- 1/2 bathrooms: 8
Heating
- Boiler
Features
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 28,406
- Total interior livable area: 28,406 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.62 Acres
- Dimensions: 27007
Details
- Parcel number: 2203120719
- Special conditions: Private
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Basement
Condition
- Year built: 1957
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
Community & HOA
Community
- Subdivision: Esper Gardens
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $99/sqft
- Annual tax amount: $64,580
- Date on market: 9/12/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
Estimated market value
$2,459,600
$2.26M - $2.63M
$948/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/12/2025 | Listed for sale | $2,800,000+40%$99/sqft |
Source:  MiRealSource #50188314 Report a problem | ||
| 1/10/2024 | Listing removed | -- |
Source:  Realcomp II #58050102677 Report a problem | ||
| 4/7/2023 | Price change | $2,000,000-9.1%$70/sqft |
Source: MiRealSource #50102677 Report a problem | ||
| 3/4/2023 | Listed for sale | $2,200,000$77/sqft |
Source: MiRealSource #50102677 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$18,664/mo
Principal & interest
$14044
Property taxes
$3640
Home insurance
$980
Climate risks
Neighborhood: Joy-Schaefer
Nearby schools
GreatSchools rating
- 6/10Barton Elementary SchoolGrades: K-5Distance: 1.3 mi
- 3/10Mackenzie Elementary-Middle SchoolGrades: PK-8Distance: 1.2 mi
- 2/10Cody High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- District: Detroit City School District
Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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