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Monroe, MI, 48161 • 48161 • Monroe County
$113/sqft
-$20,900 since Mar 12, 2026
17Beds
10Baths
7,066Sqft
0.61 acLot
1883Built
Character Home
Built 1883 · 143 years of history
None
48161
This home is getting attention
Listed 278 days ago · 504 views · 19 saves
Demand and pricing signals for this listing
504 views
People checking out this listing
19 saves
Buyers have saved this home
278 days on market
Established listing
$113/sqft
Price per square foot
Multi Family · Built 1883 · Historic
Rare investment opportunity! This fully occupied 10-unit apartment property spans four distinct buildings on a single lot, ideally located at the corner of E Front St and Kentucky Ave. Just steps from a park and tennis courts. Built in 1883 and thoughtfully updated, the property offers a mix of 1, 2, and 3-bedroom units, all with 1 bathroom, plus a shared coin-operated laundry. Recent renovations include new roofing, luxury vinyl plank flooring, updated water heaters, key-code entry locks, and interior upgrades throughout most units. Tenants are on one-year leases, with a strong rental history and consistent on-time payments. Current gross income is approx. $116,000/year (including laundry) with a pro forma potential of $121,000/year. Estimated annual expenses are approx. $26,000, with a current net operating income of about $90,000 and a cap rate near 10% at the asking price. Don’t miss this chance to own a stabilized, income-producing multifamily property with upside potential in the heart of Monroe!
Standout features identified
Our analysis highlights updated water heaters, new roofing, and shared coin-operated laundry as key attractions of this home.
Based on current rates
Est. 6.14% rate · 30yr fixed · $639,200 loan
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Key facts and listing details
2 categories of property features
Market data and value estimates
3 schools rated nearby
Monroe, MI, 48161
9 events
Local context around this listing
Monroe, MI • Monroe County
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