2-Unit
New
For Sale
$209,000
8676 Schaefer Hwy, Detroit, MI 48228
Both two-bedroom residences are leased, with updated interiors and a new electrical panel.
Property Size2,786 SF
Days on Market5
Property Features for 8676 Schaefer Hwy
General Information
Standard status
Active
Size
2,786 SF
Property subtype
Investment
Occupancy
100%
Financials
Gross Income
$31,200
Average Monthly Rent
$1,300
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,352
Building Details
Building Size
2,786 SF
Year Built
1953
Units
2
Listing Agency:
EXP Realty Main
Listed By:
Future D Davis · License #6501382733
(888) 501-7085
Source:
Elliman
Added: Sep 29
Last Checked: Oct 1 at 12:36PM
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 EXP Realty Main
Investment Insights
Based on property information with market context.
Built in 1953, this duplex contains two 2-bedroom residences, both currently leased. Interior updates and a new electrical panel are among the property’s improvements, and rear parking is available. One residence is occupied by a Section 8 tenant with a lease through November 2026; the other has a cash-paying tenant with a lease through January 2027. The property is located on Schaefer Hwy in Detroit. Its walk score is 83, bike score is 50, and transit score is 47.
Key Highlights
- Two 2‑bedroom residences; both are currently leased
- One Section 8 tenancy runs through November 2026
- Cash‑paying tenant has a lease through January 2027
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Explore this area
Business Placement
Demographics for 48228, MI
53,893
Population
22,620
Households
2.4
Avg Household Size
31
Median Age
11%
College-Educated
78%
High-School Grad
8.9 sq mi
ZIP Area
6,055
Density / Sq Mi
$31,485
Median Household Income
$27,533
Median Earnings
$1,086
Median Rent
$55,100
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both two-bedroom residences are leased, with updated interiors and a new electrical panel.
Where is this duplex located?
The property is located at 8676 Schaefer Hwy Detroit, MI.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Two 2‑bedroom residences; both are currently leased; One Section 8 tenancy runs through November 2026; Cash‑paying tenant has a lease through January 2027
