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
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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

Lot Size

0.14

Year Built

1925

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60930731

Features
General
Heating Hot Water
Possession At Close
Water Public Water
Status Active Active
Full Baths 4
Half Baths 0
Bathrooms 4
Year Built 1925
Subdivision Linwood Heights MI
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 12500
Ownership Private
Municipality Detroit
Zoning Multi-Family
Sale/Rent For Sale
Status Detail 0
Area Detroit (82001)
Primary City Detroit
Directions Dexter To Richton
City Detroit
School District Detroit City School District
Financial Terms Cash Conventional FHA VA FHA 203K
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
DOM 108
Postal Code 48206
Price Per Sq Ft Total AG 76.39
Public Remarks Prime Quadplex Investment Opportunity Near Historic Boston Edison! Don't miss this incredible investment opportunity! This newly renovated quadplex boasts four spacious units
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Interior
Basement Poured
Fireplace? No
Total Number of Units 4
Fuel Type Natural Gas
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Exterior
Exterior Brick
Lot Size Area 0.14
Lot Dimensions 52.5X120.5
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Lamar Turner

Listing Agent

House Of May

Broker

lttherealtor@gmail.com

Email

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
759604 Elementary School
760475 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