12148 Stoepel Street

About this home

Excellent investment opportunity in the City of Detroit! This fully occupied two-family duplex features two spacious units, each offering 3 bedrooms and 1 full bathroom, for a total of 6 bedrooms and 2 bathrooms. The property currently generates $1,693 in monthly rental income. Both units are tenant-occupied, making this an attractive opportunity for investors seeking an income producing multifamily property. Conveniently located near schools, shopping, parks, public transportation, and major freeways. Will try to accommodate showing as best as possible. Seller prefers to have no showings until there is an accepted offer.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Detroit

Over the last 90 days, 1,214 homes sold in Detroit for a median of $99,950, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $125,000, or $54 per square foot, 24% below the city median, and has been on the market 3 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Detroit sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $1,919 a year. A buyer who lives here would pay about $1,251 to $4,052 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

Similar homes in Detroit

$159,900

3 bd · 2 ba · 1,633 sqft

7485 Lamphere, Detroit

Listing courtesy of ARG Realty

$145,000

3 bd · 1 ba · 1,347 sqft

12915 Mettetal Street, Detroit

Listing courtesy of New Life Realty LLC

$99,900

6 bd · 2 ba · 3,106 sqft

2273 W Euclid Street, Detroit

Listing courtesy of Joseph Walter Realty, LLC

$125,000

3 bd · 1 ba · 1,150 sqft

10700 Curtis Street, Detroit

Listing courtesy of Coleman Realty Group

$140,000

4 bd · 2 ba · 1,524 sqft

14452 Lappin Street, Detroit

Listing courtesy of EXP Realty Main

$99,000

2 bd · 1 ba · 987 sqft

8300 E Jefferson #202, Detroit

Listing courtesy of Historic Realty Detroit

See all Detroit homes for sale →