$2,363 Closing Credit¹
#20250006644, Bethany Reyes, Christopher King, Listing Office: KW Domain
$140,000 List price
8357 Wallace St Detroit, MI 48213
$1,663
Closing credit¹
2 full
2,420 sqft
0.09 acres
$58 / sqft
Multi-Family
Property details
About 8357 Wallace St
Huge cash flow opportunity. Updated multi-family just outside of Hamtramck. A duplex with 3 bedrooms and 1 bathroom in each unit. Full basement. Both units are occupied by 1 tenant and current rent is well below market value. This is a growing neighborhood and as Hamtramck continues to grow in numbers, this area will surely see spikes in home and rental prices. DO NOT DISTURB TENANTS!! 24 hour notice required for showings. BATVAI!
Highlights
Home typeMulti Family
HeatingNatural Gas, Radiant
StatusActive
Size2,420 sqft
BasementYes
Lot size0.09 Acres
Year built1921
ParkingOne Car Garage
MLS #20250010011
Garage1 space
Summary
- MLS Number: 20250010011
- MLS Name: Realcomp II Ltd
- Office Name: NPG Real Estate
- Office Phone: (248) 819-3637
- Listing Agent: Mohammed Ahmed, Zakir Hussain
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: 2/22/2025, 5:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$140,000
8357 Wallace St
$1,663
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 14, 2024 | Home Sold | $70,000 |
| May 13, 2024 | Home Sold | $80,000 |
| Jun 29, 2021 | Home Sold | $70,000 |
| May 07, 2018 | Home Sold | $30,000 |
| Jan 13, 2016 | Home Sold | $37,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $31,800 | $1,791 |
| 2023 | $26,700 | $1,791 |
| 2022 | $21,000 | $2,609 |
| 2021 | $15,300 | $2,609 |
| 2020 | $16,400 | $1,931 |
| 2018 | $18,400 | $1,931 |
| 2017 | $17,900 | $747 |
History based on county public records data.
Nearby schools
2
Oakland International Academy Elementary School
Public Charter 2-4
0.8 mi
•4001 Miller St
3
Bridge Academy East
Public Charter PK-5
1.3 mi
•9600 Buffalo St
3
Dickinson East Elementary School
Public District KG-6
1.5 mi
•3385 Norwalk 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 $32,500. The most common annual income of people living in Detroit, MI is less than $<35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
54%
<35k
38%
35k-100k
8%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Doctorate
What types of families live nearby?
61%
Single, No Kids
21%
Single, with Kids
11%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
16%
12-17 yrs old
21%
18-34 yrs old
39%
35-64 yrs old
13%
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
Ross Dress For Less
Foot Locker
Where do the neighbors go to eat?
White Castle
Jack In The Box
Little Caesars
What do the neighbors drive?
Kia
Nissan
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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This home is located at 8357 Wallace St in Detroit, MI and zip code 48213 in the North East neighborhood. This 2,420 square foot home, which was built in 1921, sits on a 0.09 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since February 14, 2025 and is currently priced at $140,000.
Over 76 listings were sold over their listed price in January 2025 in Detroit, MI. In the same period over 192 listings were sold below the listed price and 63 listings were sold for the listed price. The number of homes for sale in Detroit, MI increased by 8.7% between December and January 2025. While the average time on the market in January 2025 was 58 days, the median list price was $87,445.
From Rocket Homes Real Estate and based on county public records data.