For sale

Price cut: $10K (10/16)

$239,900

8397 Lane St, Detroit, MI 48209

5beds

2,076sqft

$2,179/mo

Get pre-qualified

Multi Family

Built in 1913

-- sqft lot

$236,800 Zestimate^®

$116/sqft

$-- HOA

What's special

Phenomenal Turn-Key investment opportunity in the heart of Southwest Detroit! This sale includes two parcels (8397 Lane & 8393 Lane Vacant Lot) , the residence and an adjacent gated vacant lot. Currently configured as two units, featuring a three-bedroom upper unit and a two-bedroom lower unit, with excellent projected rental-income potential. The property can also be converted into a spacious single-family home. Completely remodeled from top to bottom with updated electrical, plumbing, drywall and flooring. All appliances stay. Turnkey and move-in ready! Features include a gated driveway and partial garage structure. Conveniently located minutes from Dearborn, I-75 and major freeways. Buyer and buyer’s agent to verify zoning, legal use, projected income, parcel information, measurements and all property details.

25 days
766
73

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air, Natural Gas

Features

Basement: Full,Unfinished
Has fireplace: No

Interior area

Total interior livable area: 2,076 sqft
Finished area above ground: 2,076

Property

Features

Levels: Two
Stories: 2
Pool features: None

Lot

Size: 2,613 Square Feet
Dimensions: 30 x 90

Details

Parcel number: W20I003331S
Zoning description: MultiFamily
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Colonial
Property subtype: Multi Family

Materials

Other
Foundation: Basement, Block

Condition

New construction: No
Year built: 1913
Major remodel year: 2026

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: CAHALANS

Location

Region: Detroit

Financial & listing details

Price per square foot: $116/sqft
Tax assessed value: $67,679
Annual tax amount: $11,710
Date on market: 9/18/2026
Cumulative days on market: 26 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Estimated market value

$236,800

$225,000 - $249,000

$1,490/mo

Price history

Date	Event	Price
10/16/2026	Price change	$239,900-4%$116/sqft
Source: Realcomp II #20261075535 Report a problem
10/7/2026	Listed for sale	$249,900$120/sqft
Source: Realcomp II #20261075535 Report a problem
10/3/2026	Pending sale	$249,900$120/sqft
Source: Realcomp II #20261075535 Report a problem
9/18/2026	Listed for sale	$249,900+1822.3%$120/sqft
Source: Realcomp II #20261075535 Report a problem
8/7/2021	Listing removed	--
Source: Detroit Land Bank Authority Report a problem
3/20/2013	Listing removed	$13,000$6/sqft
Source: MUNOZ REALTY INC #212124237 Report a problem
2/4/2013	Price change	$13,000-23.5%$6/sqft
Source: MUNOZ REALTY INC #212124237 Report a problem
12/16/2012	Listed for sale	$17,000-32%$8/sqft
Source: MUNOZ REALTY INC #212124237 Report a problem
10/5/2012	Listing removed	$25,000$12/sqft
Source: Plymouth Canton Realty Inc #212034529 Report a problem
4/6/2012	Listed for sale	$25,000$12/sqft
Source: Plymouth Canton Realty Inc #212034529 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$54,400 +28%
2024	--	$42,500
2023	--	--
2022	--	--
2021	--	--
2020	$1,427	--
2019	$1,427	$18,300 +25.3%
2018	$1,427	$14,600 +1.4%
2017	--	$14,400 +12.5%
2016	$1,323	$12,800
2015	$1,323 +10.7%	$12,800 -9.4%
2013	$1,195 -9.7%	$14,134 -30.2%
2010	$1,323	$20,251 -12%
2009	--	$23,012 -10.5%
2008	--	$25,712
2007	--	$25,712 +5.5%
2005	$120	$24,372