3240 Richton Street Detroit, MI $ 385,000
3240 Richton Street
$ 385,000
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3240 Richton Street

Detroit, MI, 48206
$ 385,000
Baths4.0 Sq 5,040

Monthly Estimate*

$ 2,402

3240 Richton Street, Detroit, MI 48206 - Image 1
3240 Richton Street, Detroit, MI 48206 - Image 2
3240 Richton Street, Detroit, MI 48206 - Image 3
3240 Richton Street, Detroit, MI 48206 - Image 4
3240 Richton Street, Detroit, MI 48206 - Image 5
3240 Richton Street, Detroit, MI 48206 - Image 6
3240 Richton Street, Detroit, MI 48206 - Image 7
3240 Richton Street, Detroit, MI 48206 - Image 8
Studio

Multi-Family Home for sale in Detroit, MI

for $385,000 with 4 full baths. This 5,040 square foot home was built in 1925 on a lot size of 0.14.

Prime Quadplex Investment Opportunity Near Historic Boston Edison! Don’t miss this incredible investment opportunity! This newly renovated quadplex boasts four spacious units, each featuring 4 bedrooms, 1 bathroom and a stackable washer and dryer—a rare amenity in Metro Detroit multifamily housing. With nearly 6,000 sq. ft. of living space, this property is designed for strong rental demand and long-term appreciation. Two units are currently leased through January 2026, providing immediate and stable cash flow, while the remaining two units are vacant and move-in ready for either new tenants or an owner-occupant seeking additional income. Location, Location, Location! Nestled just outside the historic Boston Edison neighborhood, residents will enjoy close proximity to downtown Detroit, major highways, shopping, dining, and entertainment. Whether you’re an experienced investor expanding your portfolio or a first-time buyer looking for a lucrative house-hack opportunity, this quadplex is a must-see investment. Schedule your private showing today and secure this opportunity!

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Multi-Family Active

Price

$ 385,000

Bedrooms

Studio

Full Bath

4

Property Type

Multi-Family

Taxes

$ 8,141

Style

Quadruplex

Lot Size

0.14

Year Built

1925

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251030222

Features
General
Sewer SewerAtStreet
Heating HotWater NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Quadruplex
Pool Features None
Construction Materials Brick
Exclusions Exclusion(s) Do Not Exist
Pets Allowed No
Year Built 1925
Levels Three
Property Subtype MultiFamily
County Wayne
Net Operating Income 12500.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name LINWOOD HEIGHTS
Garage Y/N N
Full Baths 4
Status Active
Directions Dexter To Richton
City DetroitCity_Wayne
Disclosures ActualIncome ExclusionsDoNotExist TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 4
MLS Area Area05043DetLivernoisI756GdRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 8141.0
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 46704
Expected Active Date 2025-08-24
Legal Description N RICHTON 458 W 17.50 FT 459 LINWOOD HEIGHTS SUB L35 P6 PLATS W C R 12/201 52.50 X 120.50
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Interior
Basement Full Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 5040.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 4
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Exterior
Water Source Public
Foundation Details Basement Poured
Spa N
Lot Dimensions 52.5X120.5
Lot Size Acres 0.14
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 3240
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* Excluded Features
List By
Lamar Turner

Listing Agent

House Of May

Broker

(248) 525-1552

Phone

Affordability Calculator

$3,080
Per Month
78%
22%
0%
Monthly Principal & Interest
$2,402
Monthly Property Taxes
$678
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
8/24/2025$385,000 Listed Price

Map


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3240 Richton Street, Detroit, MI, 48206 is a Multi-Family Home for sale at $385,000 with 5,040 sqft and a lot size of 0.14. 3240 Richton Street is a studio with 4.0 baths and was built in 1925. The property's zip code is 48206 which is in Detroit, MI