Six-Unit Multifamily
For Sale
$425,000
18741 Schoolcraft, Detroit, MI 48223
Six-unit residential income property with four one-bedroom units and two two-bedroom units.
Property Size4,296 SF
Days on Market32
Property Features for 18741 Schoolcraft
General Information
Standard status
Active
Size
4,296 SF
Property subtype
Investment
Additional Details
Business Included
Yes
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$8,064
Building Details
Building Size
4,296 SF
Year Built
1957
Units
6
Listing Agency:
Johnson Realty Group, LLC
(313) 874-0400
Listed By:
Marc P Johnson · License #6502359310
(313) 874-0400
Source:
Elliman
Added: Jul 11
Changed: Aug 8
Last Checked: Aug 10 at 6:51AM
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 Johnson Realty Group, LLC
Investment Insights
Based on property information with market context.
18741 Schoolcraft is a six-unit multifamily property with a unit mix of four one-bedroom apartments and two two-bedroom apartments. The building provides a straightforward residential income configuration for an investor looking to add a smaller, efficiently sized asset to a portfolio.
The property is located on Detroit’s West Side with easy access to major roadways and nearby neighborhood amenities, shopping, dining, and transportation. Walk and bike scores indicate a more car-dependent location, while transit scores suggest some access to public transportation.
With all units contained within one building, this is an income-producing residential asset offering a mix of one- and two-bedroom layouts.
The property is located on Detroit’s West Side with easy access to major roadways and nearby neighborhood amenities, shopping, dining, and transportation. Walk and bike scores indicate a more car-dependent location, while transit scores suggest some access to public transportation.
With all units contained within one building, this is an income-producing residential asset offering a mix of one- and two-bedroom layouts.
Key Highlights
- Six‑unit multifamily property built in 1957
- Unit mix includes four 1‑bedroom apartments and two 2‑bedroom apartments
- Located on Detroit’s West Side with easy access to major roadways
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 48223, MI
22,956
Population
11,264
Households
2
Avg Household Size
36
Median Age
19%
College-Educated
91%
High-School Grad
6.1 sq mi
ZIP Area
3,763
Density / Sq Mi
$42,324
Median Household Income
$30,119
Median Earnings
$1,013
Median Rent
$87,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit residential income property with four one-bedroom units and two two-bedroom units.
Where is this apartment building located?
The property is located at 18741 Schoolcraft Detroit, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Six‑unit multifamily property built in 1957; Unit mix includes four 1‑bedroom apartments and two 2‑bedroom apartments; Located on Detroit’s West Side with easy access to major roadways
