For sale

Price increase: $200K (6/19)

$2,800,000

8207 Schaefer Hwy, Detroit, MI 48228

44beds

28,406sqft

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Multi Family

Built in 1957

-- sqft lot

$-- Zestimate^®

$99/sqft

$-- HOA

What's special

Nice curb appealNewer windowsSecurity system

NO SELLER FINANCING! Renovated 40-unit brick apartment complex (four 2-story connected buildings with 10 units in each building). There are 36 1-bed 1-bath and 4 2-bed 1-bath situated on a 27,007 sf site. Current occupancy 90%. Property is at a 10%+ cap rate with add value. Nice curb appeal, high demand building near Dearborn. Two Boilers and roof updated, newer windows. Clean environmental report. Rear and side parking lot for tenants, with a security system. Property manager in place that is transferable. Ideal opportunity for cash buyer or bank financing.

294 days

244

22

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 44
Bathrooms: 40
Full bathrooms: 40

Heating

Boiler

Features

Has basement: Yes
Has fireplace: No

Interior area

Total structure area: 28,406
Total interior livable area: 28,406 sqft

Property

Features

Levels: Two
Stories: 2

Lot

Size: 0.62 Acres
Dimensions: 27007

Details

Parcel number: 2203120719
Special conditions: Private

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Foundation: Basement

Condition

Year built: 1957

Utilities & green energy

Gas: Natural Gas
Sewer: Public Sanitary
Water: Public

Community & HOA

Community

Subdivision: Esper Gardens

Location

Region: Detroit

Financial & listing details

Price per square foot: $99/sqft
Annual tax amount: $64,580
Date on market: 9/12/2025
Cumulative days on market: 292 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash

Estimated market value

Not available

Estimated sales range

Not available

$1,134/mo

Price history

Date	Event	Price
6/19/2026	Price change	$2,800,000+7.7%$99/sqft
Source: MiRealSource #50188314 Report a problem
6/9/2026	Price change	$2,600,000+18.2%$92/sqft
Source: MiRealSource #50188314 Report a problem
6/1/2026	Price change	$2,200,000-21.4%$77/sqft
Source: MiRealSource #50188314 Report a problem
9/12/2025	Listed for sale	$2,800,000+40%$99/sqft
Source: MiRealSource #50188314 Report a problem
1/10/2024	Listing removed	--
Source: Realcomp II #58050102677 Report a problem
4/7/2023	Price change	$2,000,000-9.1%$70/sqft
Source: MiRealSource #50102677 Report a problem
3/4/2023	Listed for sale	$2,200,000$77/sqft
Source: MiRealSource #50102677 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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