Four-Unit Building with
For Sale
$235,000
2340 W Grand St, Detroit, MI 48238
Older multifamily property with consistent unit layouts, hardwood flooring, and substantial basement storage requiring updates.
Property Size3,420 SF
Days on Market8
Property Features for 2340 W Grand St
General Information
Standard status
Active
Size
3,420 SF
Property subtype
Investment
Property Condition
Severity
Repairs Needed
Evidence
The property does need some TLC and updating
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,308
Building Details
Building Size
3,420 SF
Year Built
1926
Buildings
1
Units
4
Listing Agency:
(810) 333-2732
Listed By:
Keelie Thomas
(810) 333-2732
Source:
Elliman
Added: Aug 14
Changed: Aug 21
Last Checked: Aug 21 at 1:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keelie Thomas
Investment Insights
Based on property information with market context.
This four-unit multifamily building, constructed in 1926, offers a consistent layout across the property. Each residence contains 2 bedrooms and 1 bathroom, with hardwood flooring and a full basement that provides additional storage and utility space. The property requires TLC and updating, creating a renovation-focused asset with existing residential improvements in place.
Located at 2340 W Grand St in Detroit, the property records a Walk Score of 31, a Bike Score of 38, and a Transit Score of 50. Its four-unit configuration and repeated floor plans provide a straightforward physical layout for evaluating renovation work across the building.
Located at 2340 W Grand St in Detroit, the property records a Walk Score of 31, a Bike Score of 38, and a Transit Score of 50. Its four-unit configuration and repeated floor plans provide a straightforward physical layout for evaluating renovation work across the building.
Key Highlights
- Four‑unit multifamily building constructed in 1926
- Each unit includes 2 bedrooms and 1 bathroom
- Full basement beneath each unit provides storage and utility space
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Explore this area
Business Placement
Demographics for 48238, MI
25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Older multifamily property with consistent unit layouts, hardwood flooring, and substantial basement storage requiring updates.
Where is this quadplex located?
The property is located at 2340 W Grand St Detroit, MI.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Four‑unit multifamily building constructed in 1926; Each unit includes 2 bedrooms and 1 bathroom; Full basement beneath each unit provides storage and utility space
