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8397 Lane Street Detroit, MI $ 239,900
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$ 239,900 Get more info
8397 Lane Street
$ 239,900
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8397 Lane Street

Detroit, MI, 48209
$ 239,900
Bedrooms5 Baths2.0 Sq 2,076

Monthly Estimate*

$ 1,657

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Multi-Family Home for sale in Detroit, MI

for $239,900 with 5 bedrooms and 2 full baths. This 2,076 square foot home was built in 1913 on a lot size of 0.06.

Phenomenal Turn-Key investment opportunity in the heart of Southwest Detroit! This sale includes two parcels (8397 Lane & 8393 Lane Vacant Lot) , the residence and an adjacent gated vacant lot. Currently configured as two units, featuring a three-bedroom upper unit and a two-bedroom lower unit, with excellent projected rental-income potential. The property can also be converted into a spacious single-family home. Completely remodeled from top to bottom with updated electrical, plumbing, drywall and flooring. All appliances stay. Turnkey and move-in ready! Features include a gated driveway and partial garage structure. Conveniently located minutes from Dearborn, I-75 and major freeways. Buyer and buyer’s agent to verify zoning, legal use, projected income, parcel information, measurements and all property details.

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Multi-Family Active

Price

$ 239,900

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 11,710

Style

Colonial

Lot Size

0.06

Year Built

1913

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261075535
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Colonial
Pool Features None
Construction Materials Other
Pets Allowed Yes
Year Built 1913
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 20000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name CAHALANS
Garage Y/N N
Full Baths 2
Status Active
Directions Lawndale to Lane
City DetroitCity_Wayne
Disclosures NoRestrictions ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 2
MLS Area Area05101DetSouthOfGrandRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 1
Land Lease Y/N N
Tax Annual Amount 11710.0
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 Vacant
Tax Assessed Value 67679
Expected Active Date 2026-09-18
Legal Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2027. S LANE 32 CAHALANS SUB L19 P10 PLATS WCR 20/181 30 X 90
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Interior
Basement Full Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2076.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Exterior
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 30X90
Lot Size Acres 0.06
Waterfront Y/N N
Road Frontage Type PrivateRoad
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 8397
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* Excluded Features
List By
Tina Alfaro

Listing Agent

Emmanuel Realty Llc

Broker

(586) 634-6228

Phone

Affordability Calculator

$2,633
Per Month
63%
37%
0%
Monthly Principal & Interest
$1,657
Monthly Property Taxes
$976
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
848539 Elementary School
848135 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/16/2026$239,900 -4.00% Price Down
9/18/2026$249,900 Listed Price

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8397 Lane Street, Detroit, MI, 48209 is a Multi-Family Home for sale at $239,900 with 2,076 sqft and a lot size of 0.06. 8397 Lane Street has 5 bedrooms, 2.0 baths, and was built in 1913. The property's zip code is 48209 which is in Detroit, MI

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