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Sold for $395,000
  • $395,000

    3240 Richton St, Detroit, MI 48206

    16beds
    5,040sqft
    Multi Family
    Built in 1925
    -- sqft lot
    $401,400 Zestimate®
    $78/sqft
    $1,171 Estimated rent

    Home value

    $401,400

    $369,000 - $438,000

    $1,171/mo

    Zestimate® history
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    Rent Zestimate®

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    What's special

    Newly renovated quadplexStackable washer and dryerFour spacious units
    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Lamar Turner 248-525-1552,

    House Of May

    Bought with:

    Lamar Turner, 6501441788

    House Of May

    Source: Realcomp II,MLS#: 20251030222MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Hot Water, Natural Gas
    Features
    • Basement: Full,Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 5,040 sqft
    • Finished area above ground: 5,040

    Property

    Features
    • Levels: Three
    • Stories: 3
    • Pool features: None
    Lot
    • Size: 6,098 Square Feet
    • Dimensions: 52.5 x 120.5
    Details
    • Parcel number: W12I003780S
    • Zoning description: MultiFamily
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Quadruplex
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Basement, Poured
    Condition
    • New construction: No
    • Year built: 1925

    Utilities & green energy

    • Sewer: Sewer At Street
    • Water: Public

    Community & HOA

    Community
    • Subdivision: LINWOOD HEIGHTS
    Location
    • Region: Detroit

    Financial & listing details

    • Price per square foot: $78/sqft
    • Tax assessed value: $46,704
    • Annual tax amount: $8,141
    • Date on market: 8/24/2025
    • Cumulative days on market: 153 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Contract,Conventional,FHA,FHA 203K,Va Loan
    • Exclusions: Exclusion(s) Do Not Exist

    Price history

    DateEventPrice
    3/30/2026Sold$395,000+2.6%$78/sqft
    Source: Realcomp II #20251030222 Report a problem
    1/24/2026Pending sale$385,000$76/sqft
    Source: Realcomp II #20251030222 Report a problem
    8/24/2025Price change$385,000+0%$76/sqft
    Source: Realcomp II #20251030222 Report a problem
    2/5/2025Listed for sale$384,900+37.5%$76/sqft
    Source: Realcomp II #20250007619 Report a problem
    12/25/2024Listing removed$1,000
    Source: Zillow Rentals Report a problem
    11/2/2024Listed for rent$1,000-37.5%
    Source: Zillow Rentals Report a problem
    9/27/2024Listing removed$280,000$56/sqft
    Source: Realcomp II #20240064759 Report a problem
    9/27/2024Price change$280,000-6.7%$56/sqft
    Source: Realcomp II #20240064759 Report a problem
    9/11/2024Pending sale$300,000$60/sqft
    Source: Realcomp II #20240064759 Report a problem
    8/30/2024Listed for sale$300,000$60/sqft
    Source: Realcomp II #20240064759 Report a problem
    7/24/2024Listing removed--
    Source: Realcomp II #20230099385 Report a problem
    5/7/2024Listed for sale$300,000$60/sqft
    Source: Realcomp II #20230099385 Report a problem
    4/13/2024Pending sale$300,000$60/sqft
    Source: Realcomp II #20230099385 Report a problem
    3/22/2024Listed for sale$300,000-21.1%$60/sqft
    Source: Realcomp II #20230099385 Report a problem
    1/30/2024Listing removed--
    Source: Realcomp II #20230099385 Report a problem
    12/14/2023Price change$380,000-5%$75/sqft
    Source: Realcomp II #20230099385 Report a problem
    11/30/2023Price change$400,000-9.1%$79/sqft
    Source: Realcomp II #20230099385 Report a problem
    11/24/2023Listed for sale$440,000+22.2%$87/sqft
    Source: Realcomp II #20230099385 Report a problem
    7/25/2023Listing removed--
    Source: Zillow Rentals Report a problem
    6/30/2023Price change$1,600+6.7%
    Source: Zillow Rentals Report a problem
    6/20/2023Price change$1,500-6.3%
    Source: Zillow Rentals Report a problem
    5/11/2023Listed for rent$1,600
    Source: Zillow Rentals Report a problem
    4/26/2023Sold$360,000$71/sqft
    Source: Realcomp II #20230022636 Report a problem
    4/17/2023Pending sale$360,000$71/sqft
    Source: Realcomp II #20230022636 Report a problem
    4/6/2023Contingent$360,000$71/sqft
    Source: Realcomp II #20230022636 Report a problem
    3/27/2023Listed for sale$360,000+928.6%$71/sqft
    Source: Realcomp II #20230022636 Report a problem
    5/19/2021Sold$35,000+59.1%$7/sqft
    Source: Public Record Report a problem
    5/17/2019Sold$22,000+423.8%$4/sqft
    Source: Public Record Report a problem
    3/9/2017Sold$4,200-95.7%$1/sqft
    Source: Public Record Report a problem
    1/28/2013Sold$98,047$19/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $45,300 +25.1%
    2024-- $36,200 +18.3%
    2023-- $30,600 +23.4%
    2022-- $24,800 +7.8%
    2021-- $23,000
    2020$3,304 +53.2%$23,000 +6%
    2019$2,156 $21,700 +3.3%
    2018$2,156 $21,000 -2.3%
    2017-- $21,500 -57.2%
    2016$1,920 $50,200 +258.6%
    2015$1,920 -1.4%$14,000 -28.1%
    2013$1,947 +1.4%$19,474 -30.2%
    2010$1,920 $27,902 -12%
    2009-- $31,707 -10.5%
    2008-- $35,427
    2007-- $35,427 +5.5%
    2005$214 $33,580 +3%
    2004-- $32,602 +103.8%
    2001-- $15,996 +3.2%
    2000$1,139 $15,500
    Find assessor info on the county website

    Neighborhood: Dexter-Linwood

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $401,400
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    Estimated market value
    $401,400