For sale

$275,000

12769 Meyers Rd, Detroit, MI 48227

8beds

3,658sqft

$2,367/mo

Get pre-qualified

Multi Family

Built in 1925

-- sqft lot

$271,300 Zestimate^®

$75/sqft

$-- HOA

What's special

Turnkey 4-unit investment opportunity in Detroit, 3 of 4 units currently occupied. All four units are identical 2-bedroom/1-bath layouts — two leased at $1,000/month, one at $950/month, and the fourth in the process of being leased at $1,000/month and set to be occupied prior to closing, bringing total gross rent to $3,950/month ($47,400/year). All tenants pay cash and have a consistent on-time payment history, with low turnover across the building. Major capital items have been addressed, including a newer furnace, roof, windows, and hot water tank, and the vacant unit has been freshly painted with new carpet and is move-in ready. A private, fenced backyard and separate utilities per unit round out this stabilized, cash-flowing addition to any rental portfolio.

31 days

351

39

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 3
Full bathrooms: 4

Heating

Forced Air, Natural Gas

Cooling

Central Air, Separate Meters, Window Units

Appliances

Laundry: In Unit

Features

Entrance Foyer
Basement: Common,Private Storage Locker,Unfinished
Has fireplace: No

Interior area

Total interior livable area: 3,658 sqft
Finished area above ground: 3,658

Property

Parking

Parking features: On Street

Features

Levels: Two
Stories: 2
Pool features: None
Fencing: Back Yard,Fenced

Lot

Size: 8,276 Square Feet
Dimensions: 70 x 115

Details

Parcel number: W22I020551C2
Zoning description: MultiFamily
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Colonial
Property subtype: Multi Family

Materials

Brick
Foundation: Basement, Poured
Roof: Asphalt

Condition

New construction: No
Year built: 1925
Major remodel year: 2026

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: JOHN M WELCHS MAYVIEW SUB 2

Location

Region: Detroit

Financial & listing details

Price per square foot: $75/sqft
Tax assessed value: $34,229
Annual tax amount: $4,492
Date on market: 7/16/2026
Cumulative days on market: 31 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,FHA
Exclusions: Exclusion(s) Do Not Exist

Estimated market value

$271,300

$258,000 - $285,000

$1,080/mo

Price history

Date	Event	Price
7/16/2026	Listed for sale	$275,000+18.2%$75/sqft
Source: Realcomp II #20261055120 Report a problem
4/25/2025	Sold	$232,650-10.5%$64/sqft
Source: Realcomp II #20240070329 Report a problem
12/18/2024	Pending sale	$260,000$71/sqft
Source: Realcomp II #20240070329 Report a problem
9/23/2024	Listed for sale	$260,000+28.1%$71/sqft
Source: Realcomp II #20240070329 Report a problem
7/14/2023	Sold	$203,000+6.3%$55/sqft
Source: Public Record Report a problem
5/18/2022	Sold	$191,000-2.1%$52/sqft
Source: Realcomp II #2220028278 Report a problem
5/4/2022	Pending sale	$195,000$53/sqft
Source: Realcomp II #2220028278 Report a problem
4/21/2022	Listed for sale	$195,000+95%$53/sqft
Source: Realcomp II #2220028278 Report a problem
12/12/2017	Listing removed	$600
Source: Beal Properties Report a problem
10/31/2017	Listed for rent	$600+4.3%
Source: Beal Properties Report a problem
4/20/2017	Listing removed	$575
Source: Beal Properties Report a problem
4/7/2017	Listed for rent	$575
Source: Beal Properties Report a problem
12/16/2014	Sold	$100,000+185.7%$27/sqft
Source: Public Record Report a problem
12/10/2011	Listing removed	$35,000$10/sqft
Source: Keller Williams - Lakeside #211060433 Report a problem
10/14/2011	Price change	$35,000-12.5%$10/sqft
Source: Keller Williams - Lakeside #211060433 Report a problem
10/1/2011	Price change	$40,000-11.1%$11/sqft
Source: Keller Williams - Lakeside #211060433 Report a problem
6/9/2011	Listed for sale	$45,000-25%$12/sqft
Source: KELLER WILLIAMS RLTY LAKESIDE #211060433 Report a problem
10/23/2008	Sold	$60,000+185.7%$16/sqft
Source: Public Record Report a problem
3/12/2008	Sold	$21,000$6/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$33,200 +23%
2024	--	$27,000 +13.4%
2023	--	$23,800 +38.4%
2022	--	$17,200 +13.9%
2021	--	$15,100
2020	$383 -51.2%	$15,100
2019	$785	$15,100 -15.6%
2018	$785	$17,900 -15.6%
2017	--	$21,200 +259.3%
2016	$1,061	$5,900
2015	$1,061 +44.1%	$5,900 -19.9%
2013	$736 -30.6%	$7,362 -30.2%
2010	$1,061	$10,548 -12%
2009	--	$11,986 -13.5%
2008	--	$13,857
2007	--	$13,857 +5.5%
2005	$154	$13,135 +3%
2004	--	$12,752