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Two-Unit Duplex with Updated Interiors
For Sale
$189,900
Pending

2511 SCHAEFER Road, Melvindale, MI 48122

One unit is vacant, while the other is tenant occupied on a month-to-month basis.

Property Size2,000 SF
Days on Market496

Property Features for 2511 SCHAEFER Road

General Information

Standard status Pending
Size 2,000 SF
Property subtype Multi Family

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,858

Building Details

Year Built 1941
Tenancy Single
Listing Agency: Keller Williams Legacy
Listed By: Robert Kabbani · License #6506045187
Source: Exitrealty
Added: Apr 22, 2025 Changed: Aug 29 Last Checked: Aug 29 at 1:14PM

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 Keller Williams Legacy

Investment Insights

Based on property information with market context.

This 2,000-square-foot duplex, built in 1941, includes one vacant unit and one tenant-occupied unit. Improvements to the vacant residence include a new kitchen with refrigerator, refreshed bathroom, luxury vinyl plank flooring, interior paint, repaired windows, updated electrical wiring, new light fixtures, and replacement door hardware. The occupied unit has received minor electrical work and new kitchen flooring.

Exterior work includes new gutters, tree trimming, porch railings, and brickwork repairs. The occupied unit is leased month-to-month, while the second unit is available for occupancy. Located at 2511 Schaefer Road in Melvindale City, Michigan, the property offers a two-unit residential income configuration with recent improvements to both the interior and exterior.

Key Highlights

  • 2,000‑square‑foot duplex built in 1941
  • One vacant unit and one tenant‑occupied unit on a month‑to‑month basis
  • Vacant unit features a new kitchen, refrigerator, updated bathroom, LVP flooring, paint, and repaired windows

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Dental Office Pharmacy HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

309
Businesses Nearby

Demographics for 48122, MI

12,825
Population
4,693
Households
2.7
Avg Household Size
32
Median Age
15%
College-Educated
70%
High-School Grad
2.7 sq mi
ZIP Area
4,750
Density / Sq Mi
$41,356
Median Household Income
$30,744
Median Earnings
$1,116
Median Rent
$113,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - One unit is vacant, while the other is tenant occupied on a month-to-month basis.
Where is this duplex located?
The property is located at 2511 SCHAEFER Road Melvindale, MI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 2,000‑square‑foot duplex built in 1941; One vacant unit and one tenant‑occupied unit on a month‑to‑month basis; Vacant unit features a new kitchen, refrigerator, updated bathroom, LVP flooring, paint, and repaired windows
More about this property
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