Active
5 beds2,076 sqft
8397 Lane Street, Detroit, MI 48209
Est: $2,267/moGet pre-approved
Multi FamilyProperty Type
0.06 acresLot Size
1913Year Built
$120/sq ftPrice per sq ft

Description

Phenomenal Turn-Key investment opportunity in the heart of Southwest Detroit! This sale includes two parcels (8397 Lane & 8393 Lane Vacant Lot) , the residence and an adjacent gated vacant lot. Currently configured as two units, featuring a three-bedroom upper unit and a two-bedroom lower unit, with excellent projected rental-income potential. The property can also be converted into a spacious single-family home. Completely remodeled from top to bottom with updated electrical, plumbing, drywall and...Phenomenal Turn-Key investment opportunity in the heart of Southwest Detroit! This sale includes two parcels (8397 Lane & 8393 Lane Vacant Lot) , the residence and an adjacent gated vacant lot. Currently configured as two units, featuring a three-bedroom upper unit and a two-bedroom lower unit, with excellent projected rental-income potential. The property can also be converted into a spacious single-family home. Completely remodeled from top to bottom with updated electrical, plumbing, drywall and flooring. All appliances stay. Turnkey and move-in ready! Features include a gated driveway and partial garage structure. Conveniently located minutes from Dearborn, I-75 and major freeways. Buyer and buyer’s agent to verify zoning, legal use, projected income, parcel information, measurements and all property details.
5 days on Market
  • Listed by: Tina Alfaro 586.634.6228 tinafrank01@comcast.net Brokerage DRE #6505366413 • Emmanuel Realty LLC
Last updated: 09/19/2026 02:08 PM • Source: Realcomp, MLS#: 20261075535

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Location

Listing Courtesy of Emmanuel Realty LLC
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Payment Calculator

$2,267 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,291

Property Taxes

$976

HOA Dues

$0

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Property Information for 8397 Lane Street

Property Details
  • Taxes: $11,710 / year
  • MLS Type: Residential Income / Multi Family
  • County: Wayne County
  • Subdivision Name: Cahalans
  • Architectural Style: Colonial
  • Waterfront: No
  • Zoning Description: Multi-Family
  • Senior Community: No
Building Information
  • Residences: 2
  • Year Built: 1913
  • Lot Size: 0.06 AC / 2,613 SF
Summary
Location and General Information
  • Carrier Route: C008
  • Directions: Lawndale to Lane
  • Latitude: 42.305649
  • Longitude: -83.12851
  • Cross Street: Springwells and Lawndale
  • MLS Area Major: Detroit (82001)
Taxes and HOA
  • Parcel Number: W20I003331S
  • Tax Amount Summer: $5,215.00
  • Tax Amount Winter: $6,495.00
  • Tax Annual Amount: $11,710.00
  • Tax Assessed Value: $67,679.00
  • Tax Legal Description: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2027. S LANE 32 CAHALANS SUB L19 P10 PLATS, WCR 20/181 30 X 90
School Information
  • High School District: Detroit
Parking
  • Attached Garage: No
  • Garage: No
Property
Lot Information
  • Lot Size Acres: 0.06
  • Lot Size Dimensions: 30X90
  • Lot Size Units: Acres
  • Road Frontage Type: Private Road
  • Road Responsibility: Private Maintained Road
Property and Assessments
  • State Equalized Value: 73100.0
  • Living Area: 2076.0
  • Building Area Total: 2076.0
  • Above Grade Finished Area: 2076.0
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Total Area: 685.0
  • Class Name: Residential Income
  • Living Area Source: Assessor
  • New Construction: No
  • Year Built: 1913
Building Features
  • Foundation Details: Basement, Block
  • Levels: Two
  • Year Remodeled: 2026
  • Stories Total: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Bathrooms Total Notational: 2.0
  • Basement: Full, Unfinished
  • Has Basement: Yes
  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Has Cooling: No
  • Fireplace: No
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • UnitTwoBedNumberOf: 1
  • UnitThreeBedNumberOf: 1
Multi Family
Multi Family Information
  • Number of Units Leased: 1
  • Number of Units Total: 2
Income & Expenses
  • Gross Scheduled Income: $36,000.00
  • Net Operating Income: $20,000.00
Agent
Sale and Listings
  • Public GLR Website: Yes
Rental
Rent Information
  • Monthly Rental Income: $3,000.00
  • Existing Lease: No
  • Pets Allowed: Yes

Property History for 8397 Lane Street

DateEvent & SourcePriceAppreciation
Sep 18, 2026

Listed (Active)

MiRealSource #61031444

$249,900
Sep 18, 2026

Listed (Active)

Realcomp #20261075535

$249,900
Mar 26, 2013

Sold

Realcomp #212124237

$11,500
DateEvent & SourcePrice
09/18/2026

Listed (Active)

MiRealSource #61031444

$249,900
09/18/2026

Listed (Active)

Realcomp #20261075535

$249,900
03/26/2013

Sold

Realcomp #212124237

$11,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 8397 Lane Street

Taxable ValueLand-Additions-Total-
Tax Record2025$5,215 ($435 / month)
Home Facts
Baths2Total Finished SqFt2,076 SqFtAbove Grade Finished SqFt2,076 SqFtUnfinished Basement SqFt685 SqFtStories5Lot Size2,614 SqFtStyleDuplexYear Built1913Year Renovated1913ZoningR2CountyWAYNEAPN20003331.

Schools near 8397 Lane Street

This home is within Detroit Public Schools Community District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Bennett Elementary School
PublicPK to 5

Earhart Elementary-Middle School
PublicPK to 8

Bates Academy
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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8397 Lane Street is a multi-family home for sale in Detroit, MI 48209. This property was listed for sale on September 18, 2026 by Emmanuel Realty LLC, it's currently listed at $249,900. It has been on the market for a total of 5 days and was last sold on March 26, 2013. This listing's school district is Detroit Public Schools Community District. Nearby schools include Bennett Elementary School, Earhart Elementary-Middle School and Foreign Language Immersion And Cultural Studies. 8397 Lane Street is a 5-bed, 2-bath, 2,076 sqft multi-family home built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Emmanuel Realty LLC

IDX provided courtesy of Realcomp II Ltd. via Compass and its related brokerages. Copyright 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The data relating to real estate properties on this website was last updated on 09/19/2026 02:08 PM PST