3240 Richton Street Detroit MI 48206 MLS #20251030222

3240 Richton Street
Detroit, MI, 48206
$385,000
Beds
4 Baths
5,040 SqFt
0.14 Acres
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Prime Quadplex Investment Opportunity Near Historic Boston Edison! Don’t miss this incredible investment opportunity! This newly renovated quadplex boasts four spacious units, each featuring 4 bedrooms, 1 bathroom and a stackable washer and dryer—a rare amenity in Metro Detroit multifamily housing. With nearly 6,000 sq. ft. of living space, this property is designed for strong rental demand and long-term appreciation. Two units are currently leased through January 2026, providing immediate and stable cash flow, while the remaining two units are vacant and move-in ready for either new tenants or an owner-occupant seeking additional income. Location, Location, Location! Nestled just outside the historic Boston Edison neighborhood, residents will enjoy close proximity to downtown Detroit, major highways, shopping, dining, and entertainment. Whether you’re an experienced investor expanding your portfolio or a first-time buyer looking for a lucrative house-hack opportunity, this quadplex is a must-see investment. Schedule your private showing today and secure this opportunity!

Property Details

Price:
$385,000
MLS #:
20251030222
Status:
Active
Beds:
0
Baths:
4
Address:
3240 Richton Street
Type:
Single Family
Subtype:
Multi Family
Subdivision:
LINWOOD HEIGHTS
Neighborhood:
05043 – Det: Livernois-I75 6-Gd River
City:
Detroit
Listed Date:
Aug 24, 2025
State:
MI
Finished Sq Ft:
5,040
ZIP:
48206
Year Built:
1925
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I’m a first-generation American with Italian roots. My journey combines family, real estate, and the American dream. Raised in a loving home, I embraced my Italian heritage and studied in Italy before returning to the US. As a mother of four, married for 30 years, my joy is family time. Real estate runs in my blood, inspired by my parents’ success in the industry. I earned my real estate license at 18, learned from a mentor at Century 21, and continued to grow at Remax. In 2022, I became the…

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Schools

School District:
Detroit

Interior

Bathrooms
4 Full Bathrooms
Heating
Hot Water, Natural Gas

Exterior

Architectural Style
Quadruplex
Construction Materials
Brick

Financial

Net Operating Income
$12,500
Taxes
$8,141

Map

Community

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3240 Richton Street
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