For Sale
18741 Schoolcraft, Detroit, MI 48223
$425,000
MLS # 20261052697 (Realcomp)
Built 19570.11 acres
1 / 8
Listing Description
Welcome to 18741 Schoolcraft, a six-unit multifamily property offering an attractive opportunity for investors seeking to expand their Detroit real estate portfolio. The building features a desirable unit mix consisting of four spacious one-bedroom apartments and two two-bedroom apartments, providing flexibility to appeal to a broad range of prospective tenants. Conveniently located on Detroit’s West Side with easy access to major roadways, neighborhood amenities, shopping, dining, and transportation, this property offers strong potential for consistent rental income and long-term appreciation. Whether you're a seasoned investor or looking to grow your multifamily portfolio, 18741 Schoolcraft presents an excellent opportunity to acquire a well-positioned income-producing asset in the Detroit market. Don't miss the opportunity to add this six-unit multifamily property to your investment portfolio. Schedule your showing today and explore the possibilities!
Source: SparkMLS
About this home
This 6-bath home built in 1957 sits in Brightmoor in Detroit.
Asking $425,000.
Property tax estimate: $6,861 per year ($572/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms6
Lot Size0.11 acres
Year Built1957
Location
CityDetroit
Zip Code48223
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementSlab
HeatingForced Air
WaterPublic
Sale & Financing
Listed7/8/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,928
Tax Year2025
State Equalized Value$106,900
Assessed Value$106,900
Parcel #22008883-4
Source: Public Records
Legal Description
S SCHOOLCRAFT 35&36 B E TAYLORS STRATHMOOR- COLONIAL SUB L50 P81 PLATS, W C R 22/512 46.75 X 100
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Marc P Johnson
Johnson Realty Group, LLC
Frequently Asked Questions about 18741 Schoolcraft, Detroit, MI 48223
Which school district serves 18741 Schoolcraft, Detroit, MI 48223?
Per MLS# 20261052697, 18741 Schoolcraft, Detroit, MI 48223 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 20261052697, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 18741 Schoolcraft, Detroit, MI 48223?
Per public tax records, annual property taxes for this property are $8,064. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 18741 Schoolcraft, Detroit, MI 48223 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 18741 Schoolcraft, Detroit, MI 48223 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 18741 Schoolcraft, Detroit, MI 48223?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
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Annual tax$6,861
Monthly$572
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$3,328
Principal & interest$2,757
Property taxes$572
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
18741 Schoolcraft, Detroit, MI 48223
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Neighborhood
Brightmoor
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Community
Detroit
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County
Wayne County
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