Location, location, location! Do not miss out on this property located on Cahalan Street! There is a ton of development going on in the area in anticipation of the International Gordie Howe Bridge. At this price point, this opportunity will not last. Property features 3-2 bedrooms and 1 2 bedroom (basement) Turn this property into long-term passive income! The buyer's agent is to order the reading and it will not be an excuse to delay* closing. Exterior showings only, property sold "As Is".Great Investment opportunity on this 3 unit income property. Each unit has separate utilities and was updated in 2004. This will go quickly. Proof of funds should be provided with offer. Please do not approach tenants-Landlord can show units with approved offer.- *All data and measurements are approx * Buyer/Buyers agent to verify all information and data. *PRE-APPROVED PURCHASER'S ONLY* Buyer to assume all repairs and sign ACR with City of Detroit.
Sold for $110,000
$110,000
7342 Cahalan St, Detroit, MI 48209
8beds
3,212sqft
Multi Family
Built in 1925
-- sqft lot
$214,100 Zestimate®
$34/sqft
$1,178 Estimated rent
Home value
$214,100
$180,000 - $250,000
$1,178/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Beth Borson 248-535-7888,
National Realty Centers, Inc
Bought with:
Beth Borson, 6501251098
National Realty Centers, Inc
Source: Realcomp II,MLS#: 2220013959
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 2
- Full bathrooms: 3
Heating
- Forced Air, Natural Gas, Separate Meters
Features
- Basement: Finished,Private
- Has fireplace: No
Interior area
- Total interior livable area: 3,212 sqft
- Finished area above ground: 2,208
- Finished area below ground: 1,004
Property
Parking
- Parking features: On Street
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 3,484 sqft
- Dimensions: 30.00 x 109.00
Details
- Parcel number: W18I000971S
- Zoning description: MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Upper Lower Apartment
- Property subtype: Multi Family
Materials
- Brick, Wood Siding
- Foundation: Basement, Block
Condition
- New construction: No
- Year built: 1925
- Major remodel year: 2004
Utilities & green energy
- Sewer: Public Sewer, Separate Meters
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Detroit
- Subdivision: FERNDALE AVE SUB (PLATS)
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2025 | Listing removed | $180,000$56/sqft |
Source:  Realcomp II #20250014750 Report a problem | ||
| 3/6/2025 | Listed for sale | $180,000+63.6%$56/sqft |
Source: Realcomp II #20250014750 Report a problem | ||
| 7/31/2024 | Sold | $110,000-20.9%$34/sqft |
Source: Realcomp II #2220013959 Report a problem | ||
| 5/11/2024 | Pending sale | $139,000$43/sqft |
Source: Realcomp II #2220013959 Report a problem | ||
| 1/16/2024 | Listing removed | -- |
Source: Realcomp II #2220013959 Report a problem | ||
| 11/21/2022 | Pending sale | $139,000+3%$43/sqft |
Source: Realcomp II #2220013959 Report a problem | ||
| 8/23/2022 | Sold | $135,000-2.9%$42/sqft |
Source: Public Record Report a problem | ||
| 3/3/2022 | Listed for sale | $139,000+131.7%$43/sqft |
Source: Realcomp II #2220013959 Report a problem | ||
| 11/5/2004 | Sold | $60,000$19/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $66,500 +28.4% |
| 2024 | -- | $51,800 +11.2% |
| 2023 | -- | $46,600 +22.6% |
| 2022 | -- | $38,000 +13.8% |
| 2021 | -- | $33,400 |
| 2020 | $1,605 +5.3% | $33,400 +31.5% |
| 2019 | $1,525 | $25,400 +14.9% |
| 2018 | $1,525 | $22,100 +1.8% |
| 2017 | -- | $21,700 +55% |
| 2016 | $1,863 | $14,000 |
| 2015 | $1,863 +19.8% | $14,000 -10% |
| 2013 | $1,555 -16.5% | $15,554 -30.2% |
| 2010 | $1,863 | $22,285 -12% |
| 2009 | -- | $25,324 -10.5% |
| 2008 | -- | $28,295 |
| 2007 | -- | $28,295 +5.5% |
| 2005 | $328 | $26,820 +3% |
| 2004 | -- | $26,039 |
Find assessor info on the county website
Neighborhood: Springwells
Nearby schools
GreatSchools rating
- 5/10Bennett Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 2/10Harms Elementary SchoolGrades: PK-8Distance: 0.4 mi
- 3/10Western International High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$214,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$214,100
- Michigan
- Wayne County
- Detroit
- 48209
- Springwells
- 7342 Cahalan St
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