For Sale
8343 American Street, Detroit, MI 48204
$130,000
MLS # 20261051196 (Realcomp)
Built 19260.09 acres
1 / 26
Listing Description
Don't miss this fantastic opportunity to own a well-maintained duplex with exceptional income potential! The first unit is currently rented for $1,100 per month with a lease in place through April 2027, providing immediate and reliable cash flow. The second unit is vacant and offers the opportunity to generate an additional $1,100 in monthly rental income, making this an ideal option for investors or owner-occupants looking to live in one unit and rent the other. Each unit features a spacious layout designed for comfortable living, creating an attractive setting for both homeowners and tenants. Conveniently located near shopping, dining, schools, and major roadways, this property combines value, flexibility, and long-term potential. Schedule your showing today and explore all this duplex has to offer!
Source: SparkMLS
About this home
3-bath home in Tireman in Detroit built in 1926.
Asking $130,000.
Annual property taxes run approximately $1,444 ($120/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms3
Lot Size0.09 acres
Year Built1926
Location
CityDetroit
Zip Code48204
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionAluminum Siding, Brick
HeatingForced Air
WaterPublic
Sale & Financing
Listed7/5/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$1,412
Tax Year2025
State Equalized Value$22,500
Assessed Value$22,500
Parcel #16024421.
Source: Public Records
Legal Description
W AMERICAN 208 FRISCHKORNS TIREMAN PARK SUB L34 P43 PLATS, W C R 16/225 35 X 109
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Michael M Phillips
Keller Williams Legacy
Frequently Asked Questions about 8343 American Street, Detroit, MI 48204
Which school district serves 8343 American Street, Detroit, MI 48204?
Per MLS# 20261051196, 8343 American Street, Detroit, MI 48204 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 20261051196, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 8343 American Street, Detroit, MI 48204?
Per public tax records, annual property taxes for this property are $3,494. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 8343 American Street, Detroit, MI 48204 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 8343 American Street, Detroit, MI 48204 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 8343 American Street, Detroit, MI 48204?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
$
Annual tax$1,444
Monthly$120
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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%
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Monthly payment$964
Principal & interest$843
Property taxes$120
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
8343 American Street, Detroit, MI 48204
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Neighborhood
Tireman
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Community
Detroit
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County
Wayne County
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