3337 Norwalk Street

About this home

Don’t miss this exceptional investment opportunity at 3337 Norwalk, offered at $330,000! This well-maintained, fully occupied 3-unit multifamily property generates $2,600 per month in rental income and offers immediate cash flow with strong long-term upside. The property features separate utility meters (tenants pay their own utilities), a full basement for additional storage, and an unfinished attic with excellent value-add potential. The building includes two first-floor 1-bedroom, 1-bath units and one spacious second-floor 3-bedroom, 1-bath unit, making it an ideal investment for seasoned investors or owner-occupants looking to offset their mortgage with rental income. With solid cash flow, expansion potential, and a competitive price, this is an opportunity you don’t want to miss. Do Not disturb tenant, call for showing.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Hamtramck

Over the last 90 days, 35 homes sold in Hamtramck for a median of $200,000, about $130 per square foot, and the typical one went under contract in 14 days. This home is listed at $299,100, or $120 per square foot, 8% below the city median, and has been on the market 90 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Hamtramck sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $1,777 a year. A buyer who lives here would pay about $1,307 to $7,544 a year once the taxable value resets after the sale, at the 2025 homestead rate of 49.94 mills for Hamtramck City and Hamtramck schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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