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

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

Monthly Estimate*

$ 2,888

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Studio

Multi-Family Home for sale in Detroit, MI

for $469,000 with 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brick paint, plumbing systems, flooring, fully renovated kitchens and bathrooms with tile finishes, and the removal of outdated textured walls to create a clean, contemporary finish package designed to compete with newer rental inventory.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

Studio

Full Bath

4

Half Bath

1

Property Type

Multi-Family

Taxes

$ 4,181

Style

Lot Size

0.14

Year Built

1925

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60993877

Features
General
Heating Forced Air
Possession At Close
Water Public Water
Status Active Active
Full Baths 4
Half Baths 1
Bathrooms 5
Year Built 1925
Subdivision Robert Oakmans Twelfth St MI
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 76176
Ownership Private
Municipality Detroit
Zoning Residential
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Detroit (82001)
Primary City Detroit
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 Detroit
School District Detroit City School District
Financial Terms Cash Conventional Exchange/Trade FHA
Legal Description N CLEMENTS 125 R OAKMANS 12TH ST SUB L34 P90 PLATS W C R 8/145 49.53 IRREG
DOM 1
Postal Code 48238
Price Per Sq Ft Total AG 97.71
Public Remarks
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Exterior
Exterior Brick
Exterior Amenities Exterior Balcony
Frontage 50
Lot Size Area 0.14
Lot Dimensions 50 x 118
Roads Paved Street
Waterfront Y/N No
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Interior
Fireplace? No
Total Number of Units 4
Fuel Type Natural Gas
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* Excluded Features
List By
Maryott Tijerina

Listing Agent

Premier Realty Service Llc

Broker

Maryottrealty@gmail.com

Email

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
759604 Elementary School
760475 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 is a studio with 4.1 baths and was built in 1925. The property's zip code is 48238 which is in Detroit, MI