18250 Weaver St Detroit, MI 48228
Property details
About 18250 Weaver St
Turnkey 40-Unit Multifamily Opportunity | 12–14% Cap Rate Potential | Prime Detroit Location Fully remodeled 40-unit multifamily asset ideally located in the heart of Detroit, just minutes from major shopping districts and directly adjacent to the highly sought-after Dearborn Heights community. This property has undergone a full transformation—modernized units, updated mechanicals, and refreshed common areas—making it a truly turnkey opportunity. With projected annual revenue of approximately $480,000, this property offers investors a potential 12–14% cap rate upon stabilization. Lightly occupied post-renovation with strong tenant interest already in motion. Seller is ready to hand off this high-yield investment to a new owner ready to capitalize on rising demand and long-term wealth creation through lease-up and management.
Highlights
Summary
- Full Bathrooms: 40
- Basement: No
- Attached Garage: No
- Parking: Parking Lot, Shared Driveway
- Architectural Style: Colonial
- Heating: Electric, Space Heater(s)
- List Price: $2,499,000
- Price/SqFt: $127
- Annual Tax Amount: $20,471
- Tax Year: 2024
- Directions: head north on Southfield highway and north on weaver st
- Year Built: 1969
- Living Area: 19,557 SqFt
- Lot Size: 0.89 Acres
- MLS Number: 20250033930
- MLS Name: Realcomp II Ltd
- Office Name: Golden Key Realty Group LLC
- Office Phone: (248) 422-6962
- Listing Agent: Lila Mircholi, Revan Hermiz
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Last updated on: 5/30/2025, 3:20:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,499,000
18250 Weaver St
$10,000
closing credit¹
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Seller rebate
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 26, 2023 | Home Sold | $650,000 |
| Jun 20, 2023 | Home Sold | $500,000 |
| Jan 22, 2021 | Home Sold | $790,000 |
| Nov 02, 2020 | Home Sold | $405,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $601,500 | $20,471 |
| 2023 | $499,500 | $20,471 |
| 2022 | $438,000 | $11,327 |
| 2021 | $292,600 | $11,327 |
| 2020 | $230,200 | $19,357 |
| 2018 | $233,400 | $19,357 |
| 2017 | $218,100 | $30,662 |
History based on county public records data.
Nearby schools
1
Mann Learning Community
Public District KG-5
0.8 mi
•19625 Elmira St
3
Edison Elementary School
Public District PK-5
2.1 mi
•17045 Grand River Ave
2
Gardner Elementary School
Public District KG-5
2.2 mi
•6528 Mansfield St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $38,706. Residents of Detroit, MI typically earn less than $<35k each year. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Mexican League Soccer
NHRA Drag Racing
Horse Races
Where do the neighbors shop?
Burlington
Big Lots
Stein Mart
Where do the neighbors go to eat?
Church's Chicken
Golden Corral
LongHorn Steakhouse
What do the neighbors drive?
Chevrolet
Kia
Buick
What do the neighbors listen to?
Urban Adult Contemporary
Adult Standards
Contemporary Inspirational
This home is located at 18250 Weaver St in Detroit, MI and zip code 48228 in the West Central neighborhood. This 19,557 square foot home, which was built in 1969, sits on a 0.89 acre lot. Features: 40 bathrooms. It has been listed on Rocket Homes since May 10, 2025 and is currently priced at $2,499,000.
While more than 93 listings in Detroit, MI in April 2025 were sold above asking price, there were more than 85 listings sold at asking price, and more than 216 were sold below. The number of homes for sale in Detroit, MI increased by 13.4% between March and April 2025. The median list price of listings available in April 2025 was $90,000, while the average time on the real estate market was 47 days.