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Apartment Building Portfolio
For Sale
$2,999,999

18029 SCHOENHERR Street, Detroit, MI 48205

Multifamily, 2 Story, Detroit, MI

Property Size6,702 SF
Lot Size0.11 Acres
Price / SF$447.63
Days on Market108

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 Bedroom 5, Bedroom 4, Bathroom 6, Bathroom 12, Bathroom 13, Bathroom 7, Bedroom 6, Bathroom 8, Bedroom 9, Bathroom 5, Bathroom 2, Bathroom 9, Basement, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 2, Bathroom 11, Bedroom 10, Bedroom 3, Bathroom 10, Bathroom 3, Bathroom 14, Bedroom 7, Bedroom 8
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: Sep 13 Last Checked: Sep 26 at 1:06AM
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 portfolio comprises six multifamily properties in Detroit and is available only as a combined package. The assets include one fully renovated and occupied room-rental property at 14299 Fordham Street with 62 rentable beds, plus five apartment buildings requiring varying levels of redevelopment. The 20-unit building at 14296 Glenwood Street is approximately 50% rehabilitated, with rough electrical and plumbing work completed and approved. The buildings at 18036 Schoenherr Street, 18055 Schoenherr Street, 18029 Schoenherr Street, and 10820 Schoolcraft Road contain 30, 20, 18, and 18 units, respectively; each has a brick exterior and has been cleaned out, boarded, secured, and dried-in.

The listed 18029 Schoenherr Street building contains 18 units within 6,702 square feet on 0.11 acres. Constructed in 1929, it features brick construction, a rubber roof, and public water service. The Fordham property provides existing occupancy, while the remaining buildings present different stages of renovation and stabilization within the single portfolio offering.

Key Highlights

  • Portfolio sale includes six Detroit multifamily properties
  • 14299 Fordham Street is renovated, occupied, and configured with 62 rentable beds
  • 14296 Glenwood Street is a 20‑unit building approximately 50% rehabilitated

Property Analytics

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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.

Lease Details

106
Residential units

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
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

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 - Six Detroit multifamily properties are offered together in one portfolio transaction.
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: Portfolio sale includes six Detroit multifamily properties; 14299 Fordham Street is renovated, occupied, and configured with 62 rentable beds; 14296 Glenwood Street is a 20‑unit building approximately 50% rehabilitated
More about this property
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