For sale

$850,000

14801 Joy Rd, Detroit, MI 48228

14beds

8,326sqft

Est.:

Multi Family

Built in 1959

-- sqft lot

$-- Zestimate^®

$102/sqft

$-- HOA

What's special

Prime value-add multifamily investment opportunity in Detroit. This 14-unit property (all 1-bedroom units) is approximately 50% occupied with 7 paying tenants one of which is section 8,. Six units are vacant and currently being turned. 1 unit is currently being used for storage. Six of the seven units will be renting in the next 30-60 days providing immediate cash flow and a clear path to increased NOI. Once all of these units are rented again this property will gross around 12000 per month or 134400 annually. Extensive upgrades and improvements completed since 2023 reduce near-term capital expense risk while enhancing rent growth potential. Significant upside remains through stabilization of vacant units and continued rental optimization. Ideal for investors seeking strong yield, forced appreciation, and long-term portfolio growth. Let's make a deal.

70 days

351

19

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 14
Bathrooms: 1
Full bathrooms: 14

Heating

Baseboard, Electric

Features

Has basement: No
Has fireplace: No

Interior area

Total interior livable area: 8,326 sqft
Finished area above ground: 8,326

Property

Parking

Parking features: Parking Lot

Features

Levels: Two
Stories: 2
Patio & porch: Covered
Pool features: None

Lot

Size: 10,018.8 Square Feet
Dimensions: 102 x 100

Details

Parcel number: W22I002215C9
Zoning description: MultiFamily
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Common Entry Building
Property subtype: Multi Family

Materials

Brick
Foundation: Slab

Condition

New construction: No
Year built: 1959

Utilities & green energy

Sewer: Sewer At Street
Water: Community

Community & HOA

Community

Subdivision: OBENAUER-BARBER-LAING ORCHARD BLVD SUB

Location

Region: Detroit

Financial & listing details

Price per square foot: $102/sqft
Tax assessed value: $89,354
Annual tax amount: $8,260
Date on market: 1/27/2026
Cumulative days on market: 70 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

$857/mo

Price history

Date	Event	Price
1/27/2026	Listed for sale	$850,000$102/sqft
Source: Realcomp II #20261005534 Report a problem
11/8/2025	Listing removed	$950
Source: Zillow Rentals Report a problem
7/9/2025	Listed for rent	$950
Source: Zillow Rentals Report a problem
5/15/2025	Listing removed	$950
Source: Zillow Rentals Report a problem
3/18/2025	Listed for rent	$950+19.5%
Source: Zillow Rentals Report a problem
11/10/2023	Listing removed	--
Source: Zillow Rentals Report a problem
9/1/2023	Listed for rent	$795
Source: Zillow Rentals Report a problem
8/11/2023	Listing removed	--
Source: Zillow Rentals Report a problem
8/5/2023	Listed for rent	$795
Source: Zillow Rentals Report a problem
3/11/2023	Listing removed	--
Source: Zillow Rentals Report a problem
2/16/2023	Listed for rent	$795
Source: Zillow Rentals Report a problem
4/27/2021	Listing removed	--
Source: Zillow Rental Network_1 Report a problem
3/27/2021	Listed for rent	$795
Source: Zillow Rental Network_1 Report a problem
3/3/2021	Listing removed	--
Source: Zillow Rental Network_1 Report a problem
6/27/2020	Listed for rent	$795
Source: Go Section8 Report a problem