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Updated Triplex with Finished Spaces
New
For Sale
$315,000

2398 Stair St, Detroit, MI 48209

Three-unit multifamily property with two occupied residences, a vacant unit, and recent major system improvements.

Property Size3,024 SF
Days on Market2

Property Features for 2398 Stair St

General Information

Standard status Active
Size 3,024 SF
Property subtype Investment

Units

Unit Mix 2 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units 3

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $5,223

Amenities

finished basement
finished attic

Building Details

Building Size 3,024 SF
Year Built 1922
Units 3
Listing Agency: Golden Key Realty Group LLC
Listed By: Valbona Vulaj · License #6501419742
Source: Elliman
Added: Sep 18 Last Checked: Sep 19 at 9:01AM

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 Golden Key Realty Group LLC

Investment Insights

Based on property information with market context.

This Detroit triplex contains three residential units: two 3-bedroom, 2-bath residences and one 2-bedroom, 1-bath residence. The property includes modern finishes, a finished basement, and a finished attic, creating additional usable interior space. A new roof and new furnace were installed in 2024.

Two units are occupied, while the 2-bedroom residence is vacant for future leasing. Tenants pay their own utilities. The property also offers access to major roadways and Detroit amenities, with a 70 walk score, 56 bike score, and 38 transit score.

Key Highlights

  • Three‑unit configuration with two 3‑bedroom, 2‑bath units and one 2‑bedroom, 1‑bath unit
  • New roof installed in 2024
  • New furnace installed in 2024

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Daycare Center Accounting Firm Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

531
Businesses Nearby

Demographics for 48209, MI

27,096
Population
11,020
Households
2.5
Avg Household Size
30
Median Age
10%
College-Educated
61%
High-School Grad
6.8 sq mi
ZIP Area
3,985
Density / Sq Mi
$42,152
Median Household Income
$30,091
Median Earnings
$843
Median Rent
$82,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit multifamily property with two occupied residences, a vacant unit, and recent major system improvements.
Where is this triplex located?
The property is located at 2398 Stair St Detroit, MI.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Three‑unit configuration with two 3‑bedroom, 2‑bath units and one 2‑bedroom, 1‑bath unit; New roof installed in 2024; New furnace installed in 2024
More about this property
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