2398 Stair Street Detroit, MI ^$ 350,000

2398 Stair Street

^$ 350,000

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2398 Stair Street

Detroit, MI, 48209

^$ 350,000

Studio Baths3.2 Sq 3,024

Monthly Estimate*

^$ 2,184

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Studio

Multi-Family Home for sale in Detroit, MI

for $350,000 with 3 full baths, 2 half baths. This 3,024 square foot home was built in 1922 on a lot size of 0.08.

Turn heads and profits with this fully renovated 3-unit property in Detroit’s vibrant Southwest neighborhood! Each unit is currently leased, making this a turnkey investment from day one. Enjoy peace of mind with big-ticket updates already done — new roof (2024), new furnace (2024), and a beautifully finished attic offering extra space and charm. Modern finishes, thoughtful updates, and solid tenants make this an opportunity you don’t want to miss. Add this cash-flowing gem to your portfolio and watch it work for you!

Multi-Family Active

Price

^$ 350,000

Bedrooms

Studio

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 4,926

Style

Duplex

Lot Size

0.08

Year Built

1922

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251044466

Features

General

Sewer PublicSewer

Heating ForcedAir NaturalGas

Possession AtClose

Garage Spaces 0.0

Patio/Porch Features Porch

Architectural Style Duplex

Pool Features None

Construction Materials Stone

Pets Allowed Yes

Year Built 1922

Levels Three

Property Subtype MultiFamily

County Wayne

Net Operating Income 48000.0

Operating Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA N

Attached Garage N

Subdivision Name BURNS SUB OF PT LT 7 SUB PC 60 S OF DIX ROAD

Garage Y/N N

Full Baths 3

Status Active

Directions Take West Vernor Highway to Elsmere St then head south and turn right onto Stair St. The home will be on your right.

City DetroitCity_Wayne

Disclosures ActualIncome TaxesNotHomesteadExempt

Senior Community Y/N N

High School District Detroit

Zoning Description Residential

Number Of Units Total 3

MLS Area Area05101DetSouthOfGrandRiver

Lot Size Units Acres

Carport Y/N N

Number of Units Leased 3

Land Lease Y/N N

Tax Annual Amount 4926.0

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 27388

Expected Active Date 2025-10-21

Legal Description E STAIR 152 BURNS SUB L14 P65 PLATS W C R 18/195 30 X 110

Interior

Basement Finished

Basement (Y/N) Y

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Above Grade Finished Area 2016.0

Half Baths 2

Below Grade Finished Area 1008.0

Above Grade Finished Area Unit Type SquareFeet

Total Baths 5

Exterior

Exterior Amenities Balcony

Water Source Public

Foundation Details Basement Block

Spa N

Lot Dimensions 30X110

Lot Size Acres 0.08

Waterfront Y/N N

Road Frontage Type Paved

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 2398

* Excluded Features

List By

Angie Sierra Reynoso

Listing Agent

Re/Max City Centre

Broker

(313) 528-3002

Phone

Affordability Calculator

$2,594

Per Month

Monthly Principal & Interest: $2,184
Monthly Property Taxes: $411
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$237,392

Percent of Sale Price 32%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

848539 Elementary School

848135 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/6/2025	$350,000	-1.13%	Price Down
11/13/2025	$354,000	-1.39%	Price Down
11/11/2025	$359,000	-1.64%	Price Down
10/21/2025	$365,000		Listed Price

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2398 Stair Street, Detroit, MI, 48209 is a Multi-Family Home for sale at $350,000 with 3,024 sqft and a lot size of 0.08. 2398 Stair Street is a studio with 3.2 baths and was built in 1922. The property's zip code is 48209 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/6/2025.

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2398 Stair Street

Multi-Family Home for sale in Detroit, MI

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