Fourplex
2340 Clements St · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 97°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 6 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the C- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +21.9/30.0
- ARV discount +7.5/15.0
- DSCR +7.0/10.0
- 1% rule +5.1/10.0
- Rent growth +4.0/5.0
- Livability +3.7/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$469,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed
Listing remarks MLS
This fully renovated 4-unit multifamily property offers an exceptional house hacking opportunity for owner-occupants seeking to live in one unit while generating strong rental income from the remaining three. Rare opportunity for investors seeking a stabilized property with future expansion potential. Each spacious unit offers 3 bedrooms and 1 bathroom, with current market-supported rents of $1,587 per month for comparable 3-bedroom units within the subject ZIP code Section 8 market. The property underwent a complete gut renovation with ownership strategically modernizing the asset to support operational efficiency. Improvements include exterior brick paint, plumbing systems, flooring, fully renovated kitchens and bathrooms with tile finishes, and the removal of outdated textured walls to create a clean, contemporary finish package designed to compete with newer rental inventory. Also offering additional space for future enhancements. The expansive basement may provide an opportunity for amenities such as coin-operated laundry, tenant storage, or other uses as determined by ownership. The oversized attic with approximately 12-foot ceilings offers additional space that may present expansion possibilities, subject to buyer due diligence, municipal approvals, zoning requirements, permitting, and all applicable city regulations. Two tenants already secured by closing.
Key facts
- Fully renovated
- 12 foot ceilings
- Expansive basement
Tags
Property features AI
Finance
- Other: Lot approximately 0.14 acres (50 x 118)
Exterior
- Utilities: Public water; Public sewer
- Home design: Two-story multi-family residential income property; Brick construction; Residential zoning
- Construction: Brick foundation (brick/mortar); Brick exterior
- Exterior features: Covered porch; Shingle roof; Paved road access; Alley frontage
Interior
- Bathrooms: 4 full bathrooms; 1 half bathroom
- Heating & cooling: Forced air heating (natural gas); No central cooling
- Interior features: Partial, unfinished basement; Balcony
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4 × 3-bed/1-bath units multifamily listed at $469k.
Deal economics
- At list price, monthly cash flow is $739 ($9k/yr) — positive. Per door: $185/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($5k rent vs $469k).
- Recommended offer: $455k (3.0% below list) — sets the bar for market timing.
Location & tenants
- Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
- Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
- Market conditions: Rents rising fast (+6.1%/yr); 350 active listings in the ZIP; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
- At $4,723/mo this rent would consume 170% of the median local household income ($33k/yr) (locally 2172% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $14k of value loss. Plan a longer hold.
- Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
- At projected returns (-3.0% appreciation + 6.1% rent growth), your $131k cash investment doubles in ~10 years — after that, you're playing with house money.
Negotiation context
- It's been on market 31 days — a 3% lower offer ($455k) is reasonable based on typical stale-listing flexibility.
- 10 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $200k; list at $469k implies a 134% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 31 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.01% ✓
- Cap rate
- 8.18%
- Cash-on-cash
- 6.75%
- DSCR
- 1.30
- GRM
- 8.3
CMA / ARV
- ARV (on-the-fly)
- $201,600
- Comps found
- 1
Show comp detail 1 sale within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2340 Clements St | 0.00mi | 12/4.5 | 4,800 (0%) | 8mo | $200,000 | $42 | 94 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 6.14% rent growth · sell at horizon
- IRR
- -2.7%
- Equity multiple
- 0.90×
- Total profit
- $-13,638
- Equity at exit
- $69,929
- IRR
- 10.0%
- Equity multiple
- 1.88×
- Total profit
- $115,746
- Equity at exit
- $40,551
Cash invested: $131,320 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 62 Landlord-Friendly
- State Michigan
- 62 Landlord-Friendly · EVEN
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 48238
- Home prices YoY
- -14.4%
- Rents YoY
- 6.1%
- Active inventory
- 350
- Price-to-rent
- 33.1×
Monthly cashflow live
- Estimated rent
- $4,723 high interval (Pro) →
- Mortgage (P&I)
- −$2,459
- Tax from tax record
- −$338 /mo · $4,050/yr
- Insurance
- −$195
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$992
- Net cashflow
- $739
Break-even live
Sensitivity live
| Price | -10% $1,004 | -5% $872 | +0% $739 | +5% $606 | +10% $473 |
|---|---|---|---|---|---|
| Rent | -10% $366 | -5% $552 | +0% $739 | +5% $925 | +10% $1,112 |
| Rate | -1.0pp $975 | -0.5pp $858 | base $739 | +0.5pp $617 | +1.0pp $494 |
4-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 4× units | 3 | 1 | $4,724 |
| #1 | 3 | 1 | $1,181 |
| #2 | 3 | 1 | $1,181 |
| #3 | 3 | 1 | $1,181 |
| #4 | 3 | 1 | $1,181 |
| Total (4 units) | $4,723 | ||
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $117,250
- Closing costs
- $14,070
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Listing history 43 events
-
2026-06-17days on market $469,000 Active 31 DOM
-
2026-06-15days on market $469,000 Active 29 DOM
-
2026-06-13days on market $469,000 Active 27 DOM
-
2026-06-13days on market $469,000 Active 26 DOM
-
2026-06-09days on market $469,000 Active 23 DOM
-
2026-06-08days on market $469,000 Active 22 DOM
-
2026-06-07days on market $469,000 Active 21 DOM
-
2026-06-04days on market $469,000 Active 18 DOM
-
2026-06-03days on market $469,000 Active 17 DOM
-
2026-06-02days on market $469,000 Active 16 DOM
-
2026-06-01days on market $469,000 Active 15 DOM
-
2026-05-31days on market $469,000 Active 14 DOM
-
2026-05-18$469,000 Active
-
2026-05-17$469,000 Active 1386-char remark
Show marketing remark (1386 chars)
This fully renovated 4-unit multifamily property offers an exceptional house hacking opportunity for owner-occupants seeking to live in one unit while generating strong rental income from the remaining three. Rare opportunity for investors seeking a stabilized property with future expansion potential. Each spacious unit offers 3 bedrooms and 1 bathroom, with current market-supported rents of $1,587 per month for comparable 3-bedroom units within the subject ZIP code Section 8 market. The property underwent a complete gut renovation with ownership strategically modernizing the asset to support operational efficiency. Improvements include exterior brick paint, plumbing systems, flooring, fully renovated kitchens and bathrooms with tile finishes, and the removal of outdated textured walls to create a clean, contemporary finish package designed to compete with newer rental inventory. Also offering additional space for future enhancements. The expansive basement may provide an opportunity for amenities such as coin-operated laundry, tenant storage, or other uses as determined by ownership. The oversized attic with approximately 12-foot ceilings offers additional space that may present expansion possibilities, subject to buyer due diligence, municipal approvals, zoning requirements, permitting, and all applicable city regulations. Two tenants already secured by closing.
-
2025-10-31soldstatus $200,000
-
2025-10-30soldstatus $200,000 Closed 1222-char remark
Show marketing remark (1222 chars)
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.
-
2025-10-30soldstatus $200,000 Closed
Show marketing remark (1222 chars)
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.
-
2025-10-14status Pending 1222-char remark
Show marketing remark (1222 chars)
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.
-
2025-10-14status Pending
Show marketing remark (1222 chars)
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.
-
2025-09-23price $250,000 1222-char remark
Show marketing remark (1222 chars)
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.
-
2025-09-23price $250,000
Show marketing remark (1222 chars)
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.
-
2025-09-12$260,000 Active 1222-char remark
Show marketing remark (1222 chars)
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.
-
2025-09-12$260,000 Active
Show marketing remark (1222 chars)
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.
-
2025-09-11historical
-
2025-09-11historical
-
2025-09-02price $260,000
-
2025-09-01price $260,000
-
2025-08-20price $280,000
-
2025-08-20price $280,000
-
2025-07-19$300,000 Active
-
2025-07-18$300,000 Active
-
2025-07-07historical
-
2025-07-07historical
-
2025-06-09$300,000 Active
-
2025-06-08$300,000 Active
-
2025-05-21historical
-
2025-05-21historical
-
2025-05-11price $300,000
-
2025-05-10price $300,000
-
2025-04-16$325,000 Active
-
2025-04-16$325,000 Active
-
2023-01-05soldstatus $299,000
-
2018-03-20soldstatus $65,000
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast MI · Partial reset (capped growth)
- Current annual tax
- $4,050 · $338/mo
- Projected year-2 tax
- $5,636 · $470/mo
- Expected delta
- +$1,586/yr (+$132/mo · 39.2%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $56,676
- − Mortgage interest
- −$26,271
- − Property taxes
- −$4,050
- − Insurance
- −$2,345
- − Repairs & maintenance
- −$4,534
- − Management
- −$4,534
- − Depreciation
- −$13,644
- Taxable income
- $1,298
- Est. tax owed @ 24.0%
- −$311
- After-tax cash flow
- $8,554/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Detroit Public Schools Community District
- NCES district ID
- 2601103
- Math proficiency
- 10% ▼ -2.00%
- Reading proficiency
- 24% ▲ 6.00%
- Median HH income
- $25,815
- Composite
- 13.06/100
- National rank
- #9564
- State rank
- #499 of 540 in MI
Livability — Detroit
- Score
- 73/100
- State rank
- #218
- US rank
- #5427
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Detroit, MI
- County
- Wayne County · 1,562,939 people
- City population
- 572,865
- Metro
- Detroit-Warren-Dearborn, MI
- Population (ZIP)
- 24,731
- Household income
- $33,315
- Rent vs Own
- Severe rent burden
- 2172.0
Population outlook (Wayne County) Hauer SSP2
- Today (2025)
- 1,675,273 people
- By 2030
- 1,620,300 · -3.3%
- By 2040
- 1,502,341 · -10.3%
- By 2050
- 1,384,039 · -17.4%
- By 2075
- 1,124,592 · -32.9%
- By 2100
- 881,193 · -47.4%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly Black (94%)
- Race & ethnicity
- Black 94% Two or more races 3% White 1%
- Foreign-born
- 1%
Political lean MEDSL · Wayne
- 2024 margin
- Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
- 2008→2024 swing
- -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
- All cycles
- 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -31.96%
- Current HPI
- 189.6227
- Rent YoY
- ▲ 6.14%
- Metro
- Detroit-Warren-Dearborn, MI
- State GDP YoY
- ▲ 1.37%
- F500 in state
- 28
Industry mix (Fortune 500 HQ in MI)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Automotive Parts | 3 | $48B |
|
||
| Automotive | 2 | $372B |
|
||
| Chemicals | 1 | $45B |
|
||
| Automotive Retail | 1 | $29B |
|
||
| Healthcare / Medical Devices | 1 | $23B |
|
||
| Automotive Technology | 1 | $20B |
|
||
Price history
+621.5% since first listed31 events — show timeline
- 2026-05-18 Listed $469,000 REALCOMP
- 2026-05-17 Listed $469,000 MiRealSource-MiMLS
- 2025-10-31 Sold (Public Records) $200,000 Public Records
- 2025-10-30 Sold (MLS) $200,000 REALCOMP
- 2025-10-30 Sold (MLS) $200,000 MiRealSource-MiMLS
- 2025-10-14 Pending — MiRealSource-MiMLS
- 2025-10-14 Pending — REALCOMP
- 2025-09-23 Price Changed $250,000 MiRealSource-MiMLS
- 2025-09-23 Price Changed $250,000 REALCOMP
- 2025-09-12 Listed $260,000 REALCOMP
- 2025-09-12 Listed $260,000 MiRealSource-MiMLS
- 2025-09-11 Listing Removed — REALCOMP
- 2025-09-11 Listing Removed — MiRealSource-MiMLS
- 2025-09-02 Price Changed $260,000 MiRealSource-MiMLS
- 2025-09-01 Price Changed $260,000 REALCOMP
- 2025-08-20 Price Changed $280,000 MiRealSource-MiMLS
- 2025-08-20 Price Changed $280,000 REALCOMP
- 2025-07-19 Listed $300,000 REALCOMP
- 2025-07-18 Listed $300,000 MiRealSource-MiMLS
- 2025-07-07 Listing Removed — REALCOMP
- 2025-07-07 Listing Removed — MiRealSource-MiMLS
- 2025-06-09 Listed $300,000 REALCOMP
- 2025-06-08 Listed $300,000 MiRealSource-MiMLS
- 2025-05-21 Listing Removed — MiRealSource-MiMLS
- 2025-05-21 Listing Removed — REALCOMP
- 2025-05-11 Price Changed $300,000 MiRealSource-MiMLS
- 2025-05-10 Price Changed $300,000 REALCOMP
- 2025-04-16 Listed $325,000 MiRealSource-MiMLS
- 2025-04-16 Listed $325,000 REALCOMP
- 2023-01-05 Sold (Public Records) $299,000 Public Records
- 2018-03-20 Sold (Public Records) $65,000 Public Records
Property tax history
+8.3%/yrLatest (2025): $4,050 · -38.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…