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8 Beds
4 Baths
3,024 sqft

$315,000

2398 Stair Street, Detroit City Wayne Michigan, 48209

Price per sqft$104.17
Built in1922
Property size3,024 sqft
Property typeResidential

Overview

Active

Listed Sep 17, 2026

Updated 3 weeks ago

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!

$2,096/mo

Est. mortgage payment based on a $315,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
20261063681

Interior Features

Bedrooms
8
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.08 Acres

Other Property Details

Taxes
$5,223
Tax Frequency
Annually
Pets Allowed
Yes
55+/Senior Community
No

 

Courtesy of Golden Key Realty Group LLC

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Originating MLS:
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Data last updated 5:31 AM UTC, 9/19/2026

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