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Brick Multifamily Redevelopment Portfolio
For Sale
$2,999,999

18029 SCHOENHERR Street, Detroit, MI 48205

MULTI_FAMILY - Other - Detroit, MI

Property Size6,702 SF
Lot Size0.11 Acres
Price / SF$447.63
Days on Market59

Property Features for 18029 SCHOENHERR Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multi-Family
Bedrooms 10
Bathrooms 14
Full bathrooms 14
Rooms Bathroom 3, Bathroom 7, Bedroom 9, Bedroom 2, Bedroom 8, Bedroom 4, Bathroom 5, Bedroom 1, Bathroom 6, Bathroom 2, Bedroom 7, Bedroom 3, Basement, Bathroom 14, Bathroom 9, Bathroom 12, Bathroom 13, Bathroom 1, Bathroom 10, Bedroom 10, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 8, Bathroom 11
Pets allowed Yes
Subdivision TROMBLEY PK
Elementary school district Detroit
Middle school district Detroit
High school district Detroit
Directions To get to 18029 Schoenherr Rd (located near the Detroit/Warren border) from I-94:Take I-94 to Exit 224 (Schoenherr Rd).Head North on Schoenherr Rd for approximately 1.5 miles.The destination is on the west side of the street (between 10 1/2 Mile Rd/Toepfer Dr and E 11 Mile Rd).
Standard status Active
APN W21I029837S
Size 6,702 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Description W SCHOENHERR S 40 FT 9 TROMBLEY PARK SUB L40 P93 PLATS, W C R 21/631 40 X 124.50
Tax Annual Amount 7518
Legal Description W SCHOENHERR S 40 FT 9 TROMBLEY PARK SUB L40 P93 PLATS, W C R 21/631 40 X 124.50

Utilities

Water source Public

Building Details

Year built 1929
Floors in Building 2
Number of units 14
Building materials Brick
Roof type Rubber
Architectural style Other
Listing Agency: EXP Realty Main
Listed By: John Goci · License #6501389885
Added: Jun 11 Changed: Aug 2 Last Checked: Aug 8 at 11:06AM
MLS# 20261044197

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This offering is a Detroit multifamily portfolio sale only: all six properties are being sold together as a single package, and the seller will not consider individual property sales. The mix includes one fully renovated and occupied property operating as a single-room rental with 62 rentable beds, plus five additional buildings positioned for redevelopment.

One building is approximately 50% rehabilitated, with rough electrical and plumbing work completed and approved. The remaining properties have brick exteriors that have been cleaned out, boarded, secured, and dried-in, forming a starting point for interior renovation and redevelopment.

The data provided also reflects public water service, a rubber roof, brick construction, and a year built of 1929 for the subject listing address. The listed lot size is 0.11 acres, and the property size is 6,702 square feet, with a basement and multiple bedrooms and bathrooms reflected in the room list.

Key Highlights

  • Six multifamily properties sold together as a single portfolio package
  • Fully renovated and occupied building operating as a single‑room rental with 62 rentable beds
  • One property is approximately 50% rehabilitated; rough electrical and plumbing work completed and approved

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

462
Businesses Nearby

Demographics for 48205, MI

34,056
Population
17,102
Households
2
Avg Household Size
32
Median Age
9%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
5,321
Density / Sq Mi
$40,612
Median Household Income
$30,833
Median Earnings
$1,149
Median Rent
$55,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Portfolio of six brick multifamily properties sold together, including one fully renovated, occupied building and five with rehab underway.
Where is this apartment building located?
The property is located at 18029 SCHOENHERR Street Detroit, MI.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Six multifamily properties sold together as a single portfolio package; Fully renovated and occupied building operating as a single‑room rental with 62 rentable beds; One property is approximately 50% rehabilitated; rough electrical and plumbing work completed and approved
More about this property
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