2340 Clements Street Detroit, MI $ 469,000
2340 Clements Street
$ 469,000
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2340 Clements Street

Detroit, MI, 48238
$ 469,000
Bedrooms4 Baths4.1 Sq 4,800

Monthly Estimate*

$ 2,888

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Multi-Family Home for sale in Detroit, MI

for $469,000 with 4 bedrooms and 4 full baths, 1 half bath. This 4,800 square foot home was built in 1925 on a lot size of 0.14.

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brick paint, plumbing systems, flooring, fully renovated kitchens and bathrooms with tile finishes, and the removal of outdated textured walls to create a clean, contemporary finish package designed to compete with newer rental inventory.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.

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Multi-Family Active

Price

$ 469,000

Bedrooms

4

Full Bath

4

Half Bath

1

Property Type

Multi-Family

Taxes

$ 4,181

Style

Quadruplex

Lot Size

0.14

Year Built

1925

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261035646

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Roof ENERGYSTARShingles
Garage Spaces 0.0
Patio/Porch Features Covered
Architectural Style Quadruplex
Pool Features None
Construction Materials Brick
Pets Allowed No
Year Built 1925
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 76176.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name ROBERT OAKMANS TWELFTH ST
Garage Y/N N
Full Baths 4
Status Active
Directions From I-94 exit south onto Livernois Ave turn left onto W Warren Ave right onto La Salle Blvd then left onto Clements
City DetroitCity_Wayne
Disclosures NoRestrictions ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description Residential
Number Of Units Total 4
MLS Area Area05043DetLivernoisI756GdRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 0
Land Lease Y/N N
Tax Annual Amount 4181.0
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 51446
Expected Active Date 2026-05-18
Legal Description N CLEMENTS 125 R OAKMANS 12TH ST SUB L34 P90 PLATS W C R 8/145 49.53 IRREG
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Interior
Basement Partial Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 4800.0
Half Baths 1
Above Grade Finished Area Unit Type SquareFeet
Total Baths 5
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Exterior
Exterior Amenities Balcony
Water Source Public SeparateMeters
Foundation Details Basement BrickMortar
Spa N
Lot Dimensions 50 x 118
Lot Size Acres 0.14
Waterfront Y/N N
Road Frontage Type Alley 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 2340
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* Excluded Features
List By
Maryott Tijerina

Listing Agent

Premier Realty Service Llc

Broker

(313) 333-8245

Phone

Affordability Calculator

$3,236
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,888
Monthly Property Taxes
$348
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
5/18/2026$469,000 Listed Price

Map


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2340 Clements Street, Detroit, MI, 48238 is a Multi-Family Home for sale at $469,000 with 4,800 sqft and a lot size of 0.14. 2340 Clements Street has 4 bedrooms, 4.1 baths, and was built in 1925. The property's zip code is 48238 which is in Detroit, MI