21855 Schoenherr Rd, Warren, MI 48089
Three-unit property with income potential and renovated interiors.
- Added:
- Mar 23, 2026
- Days on Market:
- 106
- Last Refresh:
- Mar 19 at 9:38 am
Property Features for 21855 Schoenherr Rd
General Information
- Standard status
- Active
- Size
- 2,594 SF
- Lot size
- 0.26 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1926
Listing office (833) 264-6832
Listing date Mar 23, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of Iftihaz Hussain
HighLights
- Renovated 3‑unit multifamily property ideal for owner‑occupants or investors.
- Strong income potential with flexible living arrangements.
- First‑floor unit features a sun‑filled, oversized living room and updated kitchen.
- Two additional units, each offering two bedrooms.
- Full common basement with a full bathroom, fresh paint, and new lighting.
- Convenient location near shopping, dining, and major highways.
Overview
Local Financial Insights For Multifamily LT 5
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 | $38.9k | $15.00 |
| − Vacancy | −$2.5k | −$0.98 |
| EGI | $36.4k | $14.03 |
| − OpEx | −$10.9k | −$4.21 |
| NOI | $25.5k | $9.82 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Macomb
- State
- Michigan
- Longitude
- -82.986438
- Latitude
- 42.458255