Duplex with Private
For Sale
$154,900
12039-12041 Schaefer Hwy, Detroit, MI 48227
Each residence has its own front and rear entrance, along with a private basement.
Property Size952 SF
Days on Market9
Property Features for 12039-12041 Schaefer Hwy
General Information
Standard status
Active
Size
952 SF
Property subtype
Investment
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9
Building Details
Building Size
952 SF
Year Built
1948
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Prospect Realty Group
Listed By:
Colleen Kennedy
(248) 417-1396
Source:
Elliman
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 5 at 6:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prospect Realty Group
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residences, each with separate front and rear entrances and a private basement. Both units are occupied by long-term tenants. Each received a new furnace in 2024, and the hot water heater serving 12041 was replaced in 2026. The property includes two parcels.
The duplex is near I-96 and Grand River Avenue.
The duplex is near I-96 and Grand River Avenue.
Key Highlights
- Two side‑by‑side residential units, both occupied by long‑term tenants
- Private basement and separate front and rear entrances for each unit
- Both units received new furnaces in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,842
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,840
$216.8K
Cap Rate 7%
$154,886
$154.9K
Cap Rate 9%
$120,467
$120.5K
Market Conditions
NOI Build-Up for 952 SF
Gross rent
$16.6K $17.40/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$15.5K $16.27/SF
− OpEx
−$4.6K −$4.88/SF
NOI
$10.8K $11.39/SF
Area
ZIP 48227
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,840
Cap Rate 7%
$154,886
Cap Rate 9%
$120,467
Alternative Uses
Best Use
Multifamily LT 5
$154.9K
$135.5K – $180.7K
NOI $10,842 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$137.4K
$120.3K – $160.4K
NOI $9,621 @ 7.0% cap · market cap 6.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Explore this area
Business Placement
Demographics for 48227, MI
40,266
Population
19,933
Households
2
Avg Household Size
36
Median Age
12%
College-Educated
83%
High-School Grad
7.5 sq mi
ZIP Area
5,369
Density / Sq Mi
$36,221
Median Household Income
$31,797
Median Earnings
$1,034
Median Rent
$70,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own front and rear entrance, along with a private basement.
Where is this duplex located?
The property is located at 12039-12041 Schaefer Hwy Detroit, MI.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: Two side‑by‑side residential units, both occupied by long‑term tenants; Private basement and separate front and rear entrances for each unit; Both units received new furnaces in 2024
