Six-Property Multifamily
18036 SCHOENHERR Street, Detroit, MI 48205
New
MULTI_FAMILY - Other - Detroit, MI
Property size:
16,860 SFLot size:
0.30 AcresPrice / SF:
$177/SF- Added:
- Jun 11, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 16 at 4:06 am
Property Features for 18036 SCHOENHERR Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bathrooms
- 28
- Rooms
- Bathroom 27, Bathroom 12, Bathroom 17, Bathroom 26, Bathroom 28, Bathroom 13, Bathroom 4, Bathroom 15, Bathroom 21, Bathroom 20, Bathroom 3, Bathroom 2, Bathroom 6, Bathroom 19, Bathroom 16, Bathroom 7, Bathroom 14, Bathroom 9, Bathroom 1, Bathroom 5, Bathroom 22, Bathroom 23, Bathroom 8, Bathroom 25, Bathroom 10, Bathroom 11, Bathroom 18, Bathroom 24, Basement
- Pets allowed
- Yes
- Standard status
- Active
- APN
- W21I029466S
- Size
- 16,860 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Description
- E SCHOENHERR 38 THRU 36 GROTTO VIEW SUB L50 P74 PLATS, W C R 21/754 112.37 IRREG
- Tax Annual Amount
- 16317
Utilities
- Water source
- Public
Building Details
- Year built
- 1938
- Number of units
- 28
- Building materials
- Brick
- Architectural style
- Other
Listing agent John Goci License #6501389885 (888) 501-7085
Listing office EXP Realty Main 39555 Orchard Hill Place Ste 600, Royal Oak, MI (888) 501-7085
Listing date Jun 11, 2026
MLS# 20261044189
Listing URL
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Portfolio sale only: six multifamily properties in Detroit sold together as a single package (no individual‑property sales).
- Fully renovated and occupied: 14299 Fordham St operates as a single‑room rental with 62 rentable beds at $450–$595 per month per bed.
- 14296 Glenwood St: 20‑unit apartment building approximately 50% rehabilitated; rough electrical and plumbing completed and approved.
- Schoenherr Street buildings (18036, 18055, 18029): brick exterior; cleaned out, boarded, secured, and dried‑in.
- 10820 Schoolcraft Rd: 18‑unit apartment building with brick exterior; cleaned out, boarded, secured, and dried‑in.
- Construction materials include brick; water source is public; year built listed as 1938.
Overview
This offering is a portfolio sale only comprising six multifamily properties. One building at 14299 Fordham Street is fully renovated and occupied, currently operating as a single-room rental property with 62 rentable beds and rents ranging from $450 to $595 per month per bed. The remaining five buildings include a 20-unit apartment building at 14296 Glenwood Street, approximately 50% rehabilitated with rough electrical and plumbing work completed and approved. The Schoenherr Street properties include 18036 Schoenherr Street (30 units), 18055 Schoenherr Street (20 units), and 18029 Schoenherr Street (18 units), each described as brick exterior, cleaned out, boarded, secured, and dried-in. An additional 18-unit building at 10820 Schoolcraft Road is also described with a brick exterior and the same cleaned out, boarded, secured, and dried-in status.
The properties are being marketed as a single package and are not offered individually. The seller is out of state and has decided to sell the entire portfolio rather than continue managing the project remotely. The vacant buildings have been cleaned out and secured, creating an initial baseline for buyers to complete renovations.
This portfolio fits investors and developers seeking multifamily scale in one transaction, with one building already generating rent while the others are positioned for further rehabilitation. Proof of funds is required prior to any showings, and prospective buyers are instructed to drive by the properties before requesting appointments.
The properties are being marketed as a single package and are not offered individually. The seller is out of state and has decided to sell the entire portfolio rather than continue managing the project remotely. The vacant buildings have been cleaned out and secured, creating an initial baseline for buyers to complete renovations.
This portfolio fits investors and developers seeking multifamily scale in one transaction, with one building already generating rent while the others are positioned for further rehabilitation. Proof of funds is required prior to any showings, and prospective buyers are instructed to drive by the properties before requesting appointments.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $343.9k | $20.40 |
| − Vacancy | −$22.4k | −$1.33 |
| EGI | $321.6k | $19.07 |
| − OpEx | −$144.7k | −$8.58 |
| NOI | $176.9k | $10.49 |
16,860 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.53M
$2.21M – $2.95M
NOI $176,873 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.72M
$3.25M – $4.34M
NOI $260,357 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.984467
- Latitude
- 42.428284
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six multifamily buildings sold together, including one fully renovated and occupied unit with five others prepared for redevelopment.
Where is this apartment building located?
The property is located at 18036 SCHOENHERR Street Detroit, MI.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Portfolio sale only: six multifamily properties in Detroit sold together as a single package (no individual‑property sales).; Fully renovated and occupied: 14299 Fordham St operates as a single‑room rental with 62 rentable beds at $450–$595 per month per bed.; 14296 Glenwood St: 20‑unit apartment building approximately 50% rehabilitated; rough electrical and plumbing completed and approved.
