8343 American Street Detroit, MI $ 154,000
8343 American Street
$ 154,000
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8343 American Street

Detroit, MI, 48204
$ 154,000
Baths2.0 Sq 2,268

Monthly Estimate*

$ 961

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Studio

Multi-Family Home for sale in Detroit, MI

for $154,000 with 2 full baths. This 2,268 square foot home was built in 1926 on a lot size of 0.09.

National Real Estate Management Group is excited to announce your next investment opportunity: a well-maintained, four-bedroom, two-bathroom duplex in turnkey condition. This multi-family home is perfectly positioned near a local elementary school, making it especially attractive to long-term tenants. Currently rented through Section 8, this property yields a strong 1.6% monthly return and an impressive 19% annual ROI—making it an ideal choice for both new and seasoned investors. Don’t miss this excellent opportunity to expand your property portfolio with a reliable, income-generating asset in a high-demand rental area. At National Real Estate Management Group, our listings come with built-in property management for seamless, turnkey investments. Our full-service approach covers everything from construction completion to tenant placement and ongoing management. Services include comprehensive property management, tenant screening, financial reporting, legal compliance, and streamlined communication. Choose National Real Estate Management Group for a worry-free investment experience.

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Multi-Family Active

Price

$ 154,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,897

Style

Bungalow

Lot Size

0.09

Year Built

1926

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251008113

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession SeeRemarks
Garage Spaces 0.0
Architectural Style Bungalow
Pool Features None
Construction Materials AluminumSiding Brick
Pets Allowed Call
Year Built 1926
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 26753.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name FRISCHKORNS TIREMAN PARK
Garage Y/N Y
Full Baths 2
Status Active
Directions Livernois to American
City DetroitCity_Wayne
Disclosures ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description Residential
Number Of Units Total 2
MLS Area Area05042Det6TireGrnfldLivernois
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 1
Land Lease Y/N N
Tax Annual Amount 2897.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 14121
Expected Active Date 2025-07-02
Legal Description W AMERICAN 208 FRISCHKORNS TIREMAN PARK SUB L34 P43 PLATS W C R 16/225 35 X 109
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Interior
Basement Full PartiallyFinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1764.0
Half Baths 0
Below Grade Finished Area 504.0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Exterior
Parking Features Garage
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 35X109
Lot Size Acres 0.09
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 8343
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* Excluded Features
List By
Connae Pisani

Listing Agent

Nremg Realty

Broker

(313) 763-0323

Phone

Affordability Calculator

$1,202
Per Month
80%
20%
0%
Monthly Principal & Interest
$961
Monthly Property Taxes
$241
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/30/2025$154,000 -0.65% Price Down
7/3/2025$155,000 Listed Price

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8343 American Street, Detroit, MI, 48204 is a Multi-Family Home for sale at $154,000 with 2,268 sqft and a lot size of 0.09. 8343 American Street is a studio with 2.0 baths and was built in 1926. The property's zip code is 48204 which is in Detroit, MI