Brick Triplex with Two
For Sale
$228,000
12703 Stoepel St, Detroit, MI 48238
Brick triplex with three occupied units and a separate meter setup, plus two adjoining vacant lots included.
Property Size2,600 SF
Days on Market55
Property Features for 12703 Stoepel St
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Investment
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,414
Building Details
Building Size
2,600 SF
Year Built
1927
Units
3
Tenancy
Multi
Listing Agency:
(586) 797-0999
Listed By:
Tracy A Petersen
(586) 797-0999
Source:
Elliman
Added: Jun 17
Changed: Aug 8
Last Checked: Jun 19 at 5:35AM
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 Tracy A Petersen
Investment Insights
Based on property information with market context.
Brick triplex generating rental income with one 3-bedroom, 1-bath unit and two 1-bedroom, 1-bath units. All units are currently occupied by tenants paying rent. The property includes a current City of Detroit Certificate of Compliance and separate gas and electric meters for each unit, with one shared water meter serving the building. Recent improvements include a new sewer line to the city tap in 2026 and a new sump pump in 2026, along with one newer furnace.
The sale also includes two adjoining vacant lots to the south, providing additional land for tenant parking, outdoor space, future development, or long-term holding as part of the investment portfolio. The property is located on Detroit’s west side near Livernois Avenue and the Lodge Freeway, with access to major employment centers, transportation routes, and neighborhood amenities.
The sale also includes two adjoining vacant lots to the south, providing additional land for tenant parking, outdoor space, future development, or long-term holding as part of the investment portfolio. The property is located on Detroit’s west side near Livernois Avenue and the Lodge Freeway, with access to major employment centers, transportation routes, and neighborhood amenities.
Key Highlights
- Income‑producing brick triplex (1927) with 3 occupied units: one 3BR/1BA and two 1BR/1BA units
- All units are tenant‑occupied with rent in place for immediate income
- City of Detroit Certificate of Compliance and separate gas and electric meters for each unit (shared water meter for the building)
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 48238, MI
25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Brick triplex with three occupied units and a separate meter setup, plus two adjoining vacant lots included.
Where is this triplex located?
The property is located at 12703 Stoepel St Detroit, MI.
What is the asking price?
The asking price for this property is $228,000.
What are key features of this property?
This property features: Income‑producing brick triplex (1927) with 3 occupied units: one 3BR/1BA and two 1BR/1BA units; All units are tenant‑occupied with rent in place for immediate income; City of Detroit Certificate of Compliance and separate gas and electric meters for each unit (shared water meter for the building)
