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About This Home
This 6-bedroom, 2-bathroom residential multi family at 12796 Stoepel in Detroit, MI is listed for $64,900 ($27 per sqft). Built in 1926, the home offers 2,400 sqft of living space on a N/A lot.
**Attention Investors & Developers!** Exceptional value-add opportunity with this large brick two-family property, ideal for a full renovation and long-term wealth-building strategy. The building has been taken down to the studs, providing a blank canvas to design and finish to your specifications.
Two major capital improvements have already been completed, including a newer roof and vinyl replacement windows, helping reduce upfront renovation costs. Both units feature private front entrances and offer similar floor plans, with one upper and one lower unit.
The common basement provides ample storage and could potentially be reconfigured to create separate tenant spaces. Utilities include one water meter, while gas and electric services are separately metered for each unit. Whether your strategy is BRRRR, buy-and-hold, or resale, this property presents significant upside potential for experienced investors seeking their next redevelopment project.
Don't miss the opportunity to unlock the value this multifamily asset has to offer. Comparable Solds (12680 Santa Rosa for $197,500 on 5/11/26, 4308 Tyler St for $195,000 on 9/8/25)
Key Features
- Built in 1926
- 2 stories
Property Details
Monthly Cost Estimate
$347/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
12796 Stoepel
Detroit, MI 48238
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Heating
Questions & Answers
This 6-bedroom, 2-bathroom residential multi family at 12796 Stoepel is listed at $64,900 ($27/sqft). The estimated monthly payment is $281 based on 20% down at 6.5% interest.
Key features include: Built in 1926, 2 stories. Interior Features: ENERGY STAR(R) Qualified Window(s). Exterior Features: Private Entry.
This property is listed by Danny Peterson and can be reached at (888) 501-7085 or danny.peterson@exprealty.com.








