$469,000

2340 Clements Street, Detroit, MI 48238

5 baths |
4,800 sqft

Multi-Family Home
Built in 1925
6,098sqft lot
—— car garage
$98/sqft
Listed 2 days ago

Property Description

This fully renovated 4-unit multifamily property offers an exceptional house hacking opportunity for owner-occupants seeking to live in one unit while generating strong rental income from the remaining three. Rare opportunity for investors seeking a stabilized property with future expansion potential. Each spacious unit offers 3 bedrooms and 1 bathroom, with current market-supported rents of $1,587 per month for comparable 3-bedroom units within the subject ZIP code Section 8 market. The property underwent a complete gut renovation with ownership strategically modernizing the asset to support operational efficiency. Improvements include exterior brick paint, plumbing systems, flooring, fully renovated kitchens and bathrooms with tile finishes, and the removal of outdated textured walls to create a clean, contemporary finish package designed to compete with newer rental inventory. Also offering additional space for future enhancements. The expansive basement may provide an opportunity for amenities such as coin-operated laundry, tenant storage, or other uses as determined by ownership. The oversized attic with approximately 12-foot ceilings offers additional space that may present expansion possibilities, subject to buyer due diligence, municipal approvals, zoning requirements, permitting, and all applicable city regulations. Two tenants already secured by closing.

Listing Status:: Active
Date Added:: May 18, 2026
Data Last Updated:: May 20, 2026 at 11:45PM
Listing Office:: Premier Realty Service LLC : 248-255-2474
Listing Agent:: Maryott Tijerina : 313-333-8245
MLS ID:: 60993877

Heating: Forced Air

General: Balcony

General: BrickTwoBasement

Road/Access: Paved
Originating MLS: MiRealSource
School District: Detroit City School District
County: Wayne

Zoning: N CLEMENTS 125 R OAKMANS 12TH ST SUB L34 P90 PLATSW C R 8/145 49.53 IRREG

Water: Public

Source: MiRealSource

This listing courtesy of Maryott Tijerina , Premier Realty Service LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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