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Renovated 3-Unit Multifamily Property
For Sale
$264,900

21855 Schoenherr Rd, Warren, MI 48089

Renovated 3-unit income property with updated interiors and a full common basement for added flexibility.

Days on Market48

Property Features for 21855 Schoenherr Rd

General Information

Standard status Active
Property subtype Investment

Building Details

Year Built 1926
Listing Agency: Amin Realty
Listed By: Iftihaz Hussain
Source: Elliman
Added: Jun 16 Changed: Jul 10 Last Checked: Jul 11 at 2:28AM

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 Amin Realty

Investment Insights

Based on property information with market context.

This renovated 3-unit multifamily property offers a total of 2,594 sq. ft. of bright, open living space. The first-floor unit features an oversized living room with freshly refinished hardwood floors, one bedroom, and a full bathroom, along with an updated kitchen designed for everyday living and entertaining. The two additional units each include a living room, dining area, kitchen, and full bathroom, with both units offering two bedrooms, while the third unit features one bedroom. Flooring has been updated with sleek vinyl throughout the remaining units.

A full common basement is included and finished, with a full bathroom, fresh paint, and new lighting, providing space that can support storage, recreation, or other flexible use. The exterior is well maintained, and the property has fresh paint throughout. The home is conveniently located near shopping, dining, and major highways.

Well-suited for an owner-occupant seeking rental flexibility or an investor looking for a turnkey, renovated configuration, the property’s unit-by-unit layouts include common living, dining, kitchen, and full bath areas. The combination of updated finishes and a finished common basement adds practical utility beyond the private units, supporting a broader range of household needs.

Key Highlights

  • Renovated 3‑unit multifamily built in 1926 with a total of 2,594 sq. ft.
  • Unit mix: first‑floor 1BR/1BA; two additional units have 2BR/1BA each; third unit has 1BR/1BA.
  • Each unit includes a living room, dining area, kitchen, and full bathroom.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Hair Salon Gym & Fitness Center

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

582
Businesses Nearby

Demographics for 48089, MI

32,012
Population
13,597
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
83%
High-School Grad
8.0 sq mi
ZIP Area
4,002
Density / Sq Mi
$53,076
Median Household Income
$35,786
Median Earnings
$1,187
Median Rent
$117,300
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?
Triplex - Renovated 3-unit income property with updated interiors and a full common basement for added flexibility.
Where is this triplex located?
The property is located at 21855 Schoenherr Rd Warren, MI.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Renovated 3‑unit multifamily built in 1926 with a total of 2,594 sq. ft.; Unit mix: first‑floor 1BR/1BA; two additional units have 2BR/1BA each; third unit has 1BR/1BA.; Each unit includes a living room, dining area, kitchen, and full bathroom.
More about this property
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