Just Listed
Address
2398 Stair Street, Detroit, MI
Price
$ 315,000
Property Attributes
- MLS#61031054
- TypeSingle Family
- Listing Status Active
- CountyWAYNE
- CityDetroit
- AreaDetroit
- NeighborhoodBurns Sub Of Pt Lt 7 Sub Pc 60 S Of Dix Road
- Zip48209
- StyleColonial
- Year Built1922
- Taxes$ 5223
- Price$ 315,000
- Bedrooms8
- Full Bathrooms3
- Half Bathrooms1
- Sqr Footage2016
- Lot Size0.08 Acres
Data Source:
MiRealSource (MIRS)
Property Description
Turnkey investment opportunity in Detroit! This updated 3-unit multifamily property offers a desirable unit mix consisting of two spacious 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. The two 3-bedroom units are currently occupied and generating a combined $2,650 per month, while the 2-bedroom unit is currently vacant, providing an opportunity for the new owner to place a tenant and increase the property's rental income. The property has been thoughtfully updated with modern finishes and features several major improvements, including a new roof (2024) and new furnace (2024). Additional features include a finished basement and finished attic, offering extra usable space and versatility. With existing rental income, additional upside from the vacant unit, and tenants paying their own utilities, this property is well positioned for an investor looking for an income-producing multifamily asset with room to grow. Conveniently located with easy access to major roadways and Detroit amenities. Two units producing income from day one with the opportunity to further maximize cash flow -- don't miss this one!
| Price History | |
|---|---|
| 9/17/2026 | Listed $315,000 |
General Features
| Heating | Forced Air |
|---|---|
| Cooling | Central A/C,Window Unit(s) |
| Possession | At Close |
| Water | Public Water |
| Appliances | Microwave,Range/Oven,Refrigerator |
| Status | Active |
| Full Baths | 3 |
| Half Baths | 1 |
| Bathrooms | 4 |
| Year Built | 1922 |
| Pets Allowed | Yes |
| Subdivision | Burns Sub Of Pt Lt 7 Sub Pc 60 S Of Dix Road |
| Water Heater | Gas |
| Style | Colonial |
| County | Wayne |
| Class | RESIDENTIAL |
| Type | Single Family |
| Ownership | Private |
| Associated Document Count | 2 |
| Status | Active |
| Subdivision | MI |
| Sale/Rent | For Sale |
| Manufactured Y/N | No |
| Structure Style | 2 Story |
| Subj to Short Sale Apprvl | No |
| Home Warranty Y/N | No |
| Area | Detroit (82001) |
| Primary City | Detroit |
| 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 | Detroit |
| School District | Detroit City School District |
| Lease Y/N | Yes |
| Originating MLS | RealComp |
| Source MLS | MI Real Source |
| Financial Terms | Cash,Conventional,FHA,VA |
| Legal Description | E STAIR 152 BURNS SUB L14 P65 PLATS,W C R 18/195 30 X 110 |
| DOM | 1 |
| Postal Code | 48209 |
| Price Per Sq Ft Total AG | 156.25 |
| Public Remarks | Turnkey investment opportunity in Detroit! This updated 3-unit multifamily property offers a desirable unit mix consisting of two spacious 3-bedroom,2-bath units and one 2-bedroom |
Interior Features
| Basement | Finished |
|---|---|
| Bedroom 3 Level | Basement |
| Bedroom 1 Level | Entry |
| Bedroom 2 Level | Second |
| Bedroom 4 Width | 11 |
| Bedroom 2 Width | 12 |
| Bedroom 3 Width | 11 |
| Bedroom 4 Length | 10 |
| Bedroom 2 Length | 10 |
| Bedroom 3 Length | 12 |
| Bedroom 5 Length | 10 |
| Beds | 8 |
| Fireplace? | No |
| Total Rooms | 12 |
| Bedroom 6 Length | 10 |
| Bedroom 5 Width | 11 |
| Bedroom 6 Width | 11 |
| Bedroom 1 Length | 10 |
| Bedroom 1 Width | 12 |
| Bedroom 6 Level | Entry |
| Below Grade SqFt | 1008 |
| Above Grade SqFt | 2016 |
| Basement Y/N | Yes |
| Total SqFt Finished | 3024 |
| Bathroom 1 Length | 8 |
| Bathroom 1 Width | 6 |
| Bathroom 2 Length | 8 |
| Bathroom 2 Width | 6 |
| Bathroom 3 Length | 8 |
| Bathroom 3 Width | 6 |
Exterior Features
| Exterior | Aluminum,Brick |
|---|---|
| Exterior Amenities | Exterior Balcony,Porch |
| Frontage | 30 |
| Lot Size Area | 0.08 |
| Pool (Y/N) | No |
| Lot Dimensions | 30X110 |
| Roads | Paved Street |
| FOUNDATION TYPE | Basement |
| Waterfront Y/N | No |
| Garage Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 48209
Price
Taxes
Year Built
Visits
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