Investor Opportunity –
Detroit Cash Flow Property
Great opportunity for investors looking for a rental property in Detroit with strong potential.
This property offers solid rental demand and is located in an investor-friendly area with consistent tenant activity.
Property Details
• Duplex property
• Each unit: 2 Bedrooms / 1 Bathroom
• Spacious layout with good rental potential
• Ideal for buy & hold investors
Rental Potential
Estimated rent per unit: $1,100/month
Total potential monthly income: $2,200
Estimated annual rental income: $26,400
This makes it a great opportunity for investors seeking stable rental income in Detroit’s strong rental market.
The property is ideal for:
• Long-term rental investors
• Section 8 investors
• Out-of-state investors looking for cash-flow properties
Location
Detroit continues to attract investors due to strong rental demand and affordable entry prices.
Contact
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Message for photos, details and showing information.
For sale by owner
Price cut: $12K (5/8)
$148,000
8343 American St, Detroit, MI 48204
4beds
1,764sqft
SingleFamily
Built in 1926
3,789 Square Feet Lot
$-- Zestimate®
$84/sqft
$-- HOA
What's special
Spacious layout
- 115 days |
- 442 |
- 16 |
Listed by:
Property Owner (689) 265-9593
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Forced air
Cooling
- Central
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Carpet, Linoleum / Vinyl
- Basement: Finished
Interior area
- Total interior livable area: 1,764 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage - Attached
Features
- Exterior features: Wood, Brick, Cement / Concrete
Lot
- Size: 3,789 Square Feet
Details
- Parcel number: 16024421
Construction
Type & style
- Home type: SingleFamily
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1926
Community & HOA
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $84/sqft
- Tax assessed value: $22,500
- Date on market: 3/12/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,818/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Price change | $148,000-7.5%$84/sqft |
Source: Owner Report a problem | ||
| 3/12/2026 | Listed for sale | $160,000+3.9%$91/sqft |
Source: Owner Report a problem | ||
| 2/1/2026 | Listing removed | $154,000$87/sqft |
Source:  Realcomp II #20251008113 Report a problem | ||
| 7/30/2025 | Price change | $154,000-0.6%$87/sqft |
Source: Realcomp II #20251008113 Report a problem | ||
| 7/2/2025 | Listed for sale | $155,000+63.2%$88/sqft |
Source: Realcomp II #20251008113 Report a problem | ||
| 6/14/2024 | Sold | $95,000$54/sqft |
Source: Realcomp II #20240028923 Report a problem | ||
| 5/22/2024 | Pending sale | $95,000$54/sqft |
Source: Realcomp II #20240028923 Report a problem | ||
| 5/7/2024 | Listed for sale | $95,000-5%$54/sqft |
Source: Realcomp II #20240028923 Report a problem | ||
| 6/8/2020 | Sold | $100,000+566.7%$57/sqft |
Source: Public Record Report a problem | ||
| 2/7/2019 | Sold | $15,000+1718.2%$9/sqft |
Source: Public Record Report a problem | ||
| 1/13/2012 | Sold | $825 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $22,500 +23% |
| 2024 | -- | $18,300 +20.4% |
| 2023 | -- | $15,200 +22.6% |
| 2022 | -- | $12,400 +7.8% |
| 2021 | -- | $11,500 |
| 2020 | $683 +6.4% | $11,500 -9.4% |
| 2019 | $642 | $12,700 +0.8% |
| 2018 | $642 | $12,600 -5.3% |
| 2017 | -- | $13,300 -84.8% |
| 2016 | $717 | $87,400 +1842.2% |
| 2015 | $717 +13.4% | $4,500 -28.8% |
| 2013 | $632 -11.8% | $6,318 -30.2% |
| 2010 | $717 | $9,052 -12% |
| 2009 | -- | $10,286 -10.5% |
| 2008 | -- | $11,493 |
| 2007 | -- | $11,493 +5.5% |
| 2005 | $66 | $10,894 +3% |
| 2004 | -- | $10,577 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Midwest
Nearby schools
GreatSchools rating
- 4/10Sampsonwebber Leadership AcademyGrades: PK-8Distance: 1.3 mi
- 4/10Northwestern High SchoolGrades: 9-12Distance: 2.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Michigan
- Wayne County
- Detroit
- 48204
- Midwest
- 8343 American St
Nearby cities
Nearby neighborhoods
Nearby zip codes
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