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Sold on 08/14/2023

8716 Third, Detroit, MI 48202

  • $228,000

    Last sold 08/14/2023 for $170K

  • 4

    bed

  • 4

    bath

  • 2,984

    Sqft ($57/Sqft)

Multi-family not for sale
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About 8716 Third

Property type Multi-family
Neighborhood
Year built 1917
HOA fee $0/month
Lot size 2,614 Sqft
Movoto estimate
Rental estimate $2,266/Month
Property description
Surrounded by major development projects in every direction. This apartment development opportunity is conveniently located between Boston Edison and New Center area. Just a few blocks from historic Detroit landmarks like Henry Ford Hospital, Motown Museum, and The Fisher Building to name a few. Minutes from downtown. This building is ready for redevelopment. Architectural plans drawn up to restore the building to a four (4) 1 bedroom unit apartment building or potentially adding 2 additional 1 bedroom garden style units in the basement creating a 6 unit apartment building. Adjacent vacant lot at 746 Blaine (Parcel ID: 04002206) to be included in sale for potential off street parking or future building site for another multi-unit building.
Listed by
Listing Agent - Joseph Schneider
Listing Office - Frank Real Estate
Source: MiRealSource, Inc mls logo
MLS#50109981 • last updated 2 years ago
Movoto checked MiRealSource, Inc for data 4 minutes ago
Overview
Heating Forced Air
Status Closed
Type Multi-Family
SubType Apartment
Lot Size (Acres) 0.06
Total Tax Amount 2216
Originating MLS MiRealSource
Year Built 1917
Interior
# Full Baths 4
Basement No, Block
# Fireplaces No
Exterior
Foundation Basement
Exterior Features Porch
Construction Brick
# Garage Spaces 4
Amenities / Utilities
Fuel Type Natural Gas
Sewer/ Septic Public At Street
Water Public Water At Street
Location
County Detroit (82001)
Subdivision Mc Laughlin Brothers Sub
Multifamily Details
Unit 3: SqFt 3
Total Units 4

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Nearby homes for sale in Detroit, MI

  • Real Estate
  • MI
  • Wayne County
  • Detroit
  • 48202
  • Central
  • 8716 Third
$228K
Range: $145K-$310K
Last 30 days 
Rental est.: $2,266/month
Gross rent multiplier: 9.2 - Good

Nearby recently sold homes in Detroit, MI

  • Nov 2023
    mls logo MLS # 50109981
  • Nov 11, 2023 Sold
    $170,500 (-31.5%)
  • Aug 14, 2023 Pending
    —
  • Aug 11, 2023 Listed
    —
  • Jul 21, 2023 Pending
    —
  • May 24, 2023 Listed
    $249,000 (+42.3%)
  • Apr 2021
    mls logo MLS # 2200102548
  • Apr 2, 2021 Sold
    $175,000 (-12.5%)
  • Mar 3, 2021 Pending
    —
  • Dec 31, 2020 Listed
    $200,000 (-11.1%)
  • Dec 2020
    mls logo MLS # 40134085
  • Dec 31, 2020 Listed
    $200,000
  • Jun 2020
    mls logo MLS # 40069696
  • Jun 22, 2020 Listed
    $225,000 (-18.2%)
  • Jun 2020
    mls logo MLS # 2200046411
  • Jun 22, 2020 Listed
    $275,000 (+177.8%)
  • Oct 2016
    mls logo MLS # 21231169
  • Oct 26, 2016 Listed
    $99,000
  • 8716 Third
    $170K
  • Central
    $171K
  • 48202
    $249K -1% y/y
  • Detroit
    $99.9K 0% y/y
No chart available
Statistics calculated by Movoto
1/10
Thirkell Elementary School
public Grades PK, K-8
Detroit Public Schools Community District
5/10
Detroit School of Arts
public Grades 9-12
Detroit Public Schools Community District
Source: GreatSchools.org © 2026. All rights reserved.
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