2340 Clements Street Detroit MI 48238 MLS #20251035906

2340 Clements Street
Detroit, MI, 48238
$250,000
Beds
5 Baths
4,800 SqFt
0.14 Acres
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4 UNIT Multi-Family Opportunity in Detroit’s Historic Oakman District. THREE bedrooms per unit, this offers spacious open layout, strong value, and excellent cash flow potential. Ideal for a Hands-On Landlord, this property consolidates FOUR income STREAMS into a Single Manageable Asset. Priced Below It’s Past Valuation “$330k appraised in 2022” (available upon request). With Section 8 Market Rents Starting At $1,300 For A 3-Bedroom, This Is The Kind Of Property That Can Work Hard For You. This is a prime value-add investment for buyers looking to stabilize and unlock a strong cash flowing portfolio. Whether you’re aiming to bring rents to market rates, tap into government-backed income like section 8, or simply secure steady cash flow, this property offers upside support and long term growth. Property has one reliable, paying tenant, two units are squatter-occupied. Legal action is already in motion, with litigation underway and the eviction process actively progressing. This is a prime opportunity for an investor to step in, complete the turnover, and begin collecting premium rents. It’s loss is your win!! Secure below market value and unlock its full cash flowing potential it’s meant to be.

Property Details

Price:
$250,000
MLS #:
20251035906
Status:
Pending
Beds:
0
Baths:
5
Type:
Single Family
Subtype:
Multi Family
Subdivision:
ROBERT OAKMANS TWELFTH ST
Neighborhood:
05083wayne
Listed Date:
Sep 12, 2025
Finished Sq Ft:
4,800
Year Built:
1925
Short Sale05083 – Wayne05083wayneRobert Oakmans Twelfth StDetroit

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Schools

School District:
Detroit

Interior

Bathrooms
4 Full Bathrooms, 1 Half Bathroom
Heating
Electric, Forced Air, Natural Gas

Exterior

Architectural Style
Quadruplex
Construction Materials
Brick

Financial

Net Operating Income
$62,400
Taxes
$6,552

Map

Community

Market Summary

Current real estate data for Single Family in Detroit as of Oct 30, 2025
3,488
Single Family Listed
108
Avg DOM
83
Avg $ / SqFt
$151,072
Avg List Price

Property Summary

    Located in the ROBERT OAKMANS TWELFTH ST subdivision, 2340 Clements Street Detroit MI is a Single Family for sale in Detroit, MI, 48238. It is listed for $250,000 and features 0 beds, 5 baths, and has approximately 4,800 square feet of living space, and was originally constructed in 1925. The current price per square foot is $52. The average price per square foot for Single Family listings in Detroit is $83. The average listing price for Single Family in Detroit is $151,072. To schedule a showing of MLS#20251035906 at 2340 Clements Street in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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2340 Clements Street
Detroit, MI