$2,968 Closing Credit¹
#81024041879, Anthony James, Listing office: Coldwell Banker Professionals
$300,000 List price
2340 Clements St Detroit, MI 48238
$3,563
Closing credit¹
4 full, 1 partial
4,800 sqft
0.1 acres
$63 / sqft
Multi-Family
Property details
About 2340 Clements St
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 Rent, For 3-Bedroom Units At $1,300, this makes it a highly attractive investment. 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.
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
Size4,800 sqft
BasementYes
Lot size0.14 Acres
Year built1925
MLS #20251006393
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 4
- Basement: Yes
- Attached Garage: No
- Architectural Style: Quadruplex
- Heating: Forced Air, Natural Gas
- List Price: $300,000
- Price/SqFt: $62
- Annual Tax Amount: $1,371
- Tax Year: 2024
- Directions: Exit On Davison
- Year Built: 1925
- Living Area: 4,800 SqFt
- Lot Size: 0.14 Acres
- MLS Number: 20251006393
- MLS Name: Realcomp II Ltd
- Office Name: U.S. Investor Group
- Office Phone: (313) 644-0034
- Listing Agent: Maryott Tijerina
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/30/2025, 3:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$300,000
2340 Clements St
$3,563
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 05, 2023 | Home Sold | $299,000 |
| Mar 20, 2018 | Home Sold | $65,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $49,900 | $1,371 |
| 2023 | $40,000 | $1,371 |
| 2022 | $36,400 | $746 |
| 2021 | $28,900 | $746 |
| 2020 | $32,700 | $1,400 |
| 2018 | $27,200 | $1,400 |
| 2017 | $25,400 | $1,393 |
History based on county public records data.
Nearby schools
1
George Washington Carver Elementary School
Public Charter PK-4
1.2 mi
•14510 2nd Ave
2
University Preparatory Art Design Elementary School
Public Charter KG-5
1.5 mi
•10225 3rd St
3
Bagley Elementary School of Journalism and Technology
Public District PK-6
2.7 mi
•8100 Curtis St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $19,203. Typical income of Detroit, MI residents is less than $<35k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
68%
<35k
25%
35k-100k
6%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
67%
Single, No Kids
25%
Single, with Kids
4%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
9%
12-17 yrs old
22%
18-34 yrs old
40%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Boston Market
Little Caesars
What do the neighbors drive?
Kia
Honda
Dodge
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2340 Clements St
The listing price of 2340 Clements St property is $300,000.
The property 2340 Clements St is a multi located in Detroit, Michigan, 48238.
Active Listing: 2340 Clements St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2340 Clements St are: George Washington Carver Elementary School (GreatSchools Rating 1/10), University Preparatory Art Design Elementary School (GreatSchools Rating 2/10), Bagley Elementary School of Journalism and Technology (GreatSchools Rating 3/10), New Paradigm Glazer Academy (GreatSchools Rating 4/10), Thurgood Marshall-Elementary School (GreatSchools Rating 1/10), Durfee Elementary-Middle School (GreatSchools Rating 1/10), Central Academy and High School (GreatSchools Rating 1/10), Joy Preparatory Academy (GreatSchools Rating 5/10), Detroit International Academy for Young Women (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $1,371 (source: MLS/based on county public records data).
The last sale was on January 5, 2023 for $299,000 (source: MLS/tax record).
The property 2340 Clements St is 4,800 SqFt (source: MLS/tax record).
The year of construction for 2340 Clements St is 1925.
This home is located at 2340 Clements St in Detroit, MI and zip code 48238 in the Midtown neighborhood. This 4,800 square foot home, which was built in 1925, sits on a 0.14 acre lot. Features: 5 bathrooms. It has been listed on Rocket Homes since June 9, 2025 and is currently priced at $300,000.
In May 2025 more than 85 listings in Detroit, MI were sold above the asking price. During the same period more than 74 listings were sold at asking price, while more than 169 were sold below. The number of homes for sale in Detroit, MI increased by 12.1% between April and May 2025. In May 2025, listings were on the market for 48 days. During the same period, the median list price in this real estate market was $90,022.
From Rocket Homes Real Estate and based on county public records data.