5 days on Rocket
$9,500 Closing Credit¹
#50170394, Justin Zehel, Listing Office: Keller Williams Paint Creek
$800,000 List price
18625 Schoenherr St Detroit, MI 48205
$9,500
Closing credit¹
8 beds
8 full
5,054 sqft
0.2 acres
$158 / sqft
Multi-Family
Property details
About 18625 Schoenherr St
Investor Special! Exceptional investment opportunity with strong, stabilized rents with a 15% cap rate. This package deal includes an 8-unit apartment building and a 12-unit apartment complex, totaling 20 units. • 8-Unit Complex: Features updated windows and newer HVAC systems. • 12-Unit Complex: Equipped with newer HVAC systems. • All Units: 1-bedroom, 1-bathroom layouts in good condition. • Heating: No boilers—each unit has a forced-air furnace. Ideal for first-time investors! Rent rolls and expense reports are available upon request. Serious buyers only. Seller financing is available—just ask! Other address included is 14103 Rochelle St, Detroit, MI 48205.
Highlights
Home typeMulti Family
HeatingForced Air
StatusActive
Size5,054 sqft
BasementYes
Lot size0.19 Acres
Year built1965
MLS #50170399
Summary
- MLS Number: 50170399
- MLS Name: MiRealSource
- Office Name: Keller Williams Paint Creek
- Office Phone: (248) 609-8000
- Office Email: laithyaldo@hotmail.com
- Listing Agent: Justin Zehel
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.
Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/9/2025, 3:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$800,000
18625 Schoenherr St
$9,500
closing credit¹
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Seller rebate
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 02, 2016 | Home Sold | $135,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $142,700 | $7,783 |
| 2023 | $121,100 | $7,783 |
| 2022 | $106,200 | $10,121 |
| 2021 | $72,500 | $10,121 |
| 2020 | $57,900 | $2,925 |
| 2018 | $33,600 | $2,925 |
| 2017 | $32,000 | $2,907 |
History based on county public records data.
Nearby schools
1
Fisher Magnet Lower Academy
Public Magnet PK-5
1.4 mi
•15510 E State Fair St
4
McKinley Elementary School
Public District KG-5
1.8 mi
•13173 Toepfer Rd
1
Wayne Elementary School
Public District PK-5
1.8 mi
•10633 Courville 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 $15,000. Residents of Detroit, MI typically earn less than $<35k each year. Typical family type is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
90%
<35k
7%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
53%
Single, No Kids
34%
Single, with Kids
7%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
12%
12-17 yrs old
25%
18-34 yrs old
37%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Where do the neighbors shop?
Foot Locker
Ross Dress For Less
Burlington
Where do the neighbors go to eat?
Little Caesars
Jack In The Box
White Castle
What do the neighbors drive?
Dodge
Nissan
Kia
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 18625 Schoenherr St in Detroit, MI and zip code 48205 in the Upper East neighborhood. This 5,054 square foot home, which was built in 1965, sits on a 0.19 acre lot. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since April 3, 2025 and is currently priced at $800,000.
In March 2025 more than 91 listings in Detroit, MI were sold above the asking price. During the same period more than 81 listings were sold at asking price, while more than 203 were sold below. The inventory of homes for sale in Detroit, MI between February and March 2025 increased by 14.9%. In March 2025, listings were on the market for 51 days. During the same period, the median list price in this real estate market was $89,542.
From Rocket Homes Real Estate and based on county public records data.