8343 American Street Detroit, MI ^$ 130,000

8343 American Street

^$ 130,000

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8343 American Street

Detroit, MI, 48204

^$ 130,000

Studio Baths2.0 Sq 1,764

Monthly Estimate*

^$ 821

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Studio

Multi-Family Home for sale in Detroit, MI

for $130,000 with 2 full baths. This 1,764 square foot home was built in 1926 on a lot size of 0.09.

Don't miss this fantastic opportunity to own a well-maintained duplex with exceptional income potential! The first unit is currently rented for $1,100 per month with a lease in place through April 2027, providing immediate and reliable cash flow. The second unit is vacant and offers the opportunity to generate an additional $1,100 in monthly rental income, making this an ideal option for investors or owner-occupants looking to live in one unit and rent the other. Each unit features a spacious layout designed for comfortable living, creating an attractive setting for both homeowners and tenants. Conveniently located near shopping, dining, schools, and major roadways, this property combines value, flexibility, and long-term potential. Schedule your showing today and explore all this duplex has to offer!

Multi-Family Active

Price

^$ 130,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,494

Style

Bungalow

Lot Size

0.09

Year Built

1926

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61008582

Features

General

Heating Forced Air

Possession Negotiable (Possession)

Water Public Water

Status Active Active

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1926

Style Bungalow

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 26753

Ownership Private

Municipality Detroit

Zoning Residential

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions Livernois and American

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional FHA VA

Legal Description W AMERICAN 208 FRISCHKORNS TIREMAN PARK SUB L34 P43 PLATS W C R 16/225 35 X 109

DOM 1

Postal Code 48204

Price Per Sq Ft Total AG 73.7

Public Remarks Don't miss this fantastic opportunity to own a well-maintained duplex with exceptional income potential! The first unit is currently rented for $1

Interior

Basement Block Partially Finished

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Aluminum Brick

Frontage 35

Lot Size Area 0.09

Lot Dimensions 35X109

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Michael Phillips

Listing Agent

Keller Williams Legacy

Broker

mike_phillips@kw.com

Affordability Calculator

$1,112

Per Month

Monthly Principal & Interest: $821
Monthly Property Taxes: $291
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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 ^$269,608

Percent of Sale Price 107%

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.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/7/2026	$130,000		Listed Price

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8343 American Street, Detroit, MI, 48204 is a Multi-Family Home for sale at $130,000 with 1,764 sqft and a lot size of 0.09. 8343 American Street is a studio with 2.0 baths and was built in 1926. The property's zip code is 48204 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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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8343 American Street

Multi-Family Home for sale in Detroit, MI

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