For Sale48d on market
224 Chandler St
Romeo, MI, 48065 • 48065 • Macomb County
$445,000
$188/sqft
-$15,000 since Mar 11, 2026
Down payment assistance available
4Beds
4Baths
2,366Sqft
0.18 acLot
1950Built
Property DNA
Quadruplex Style
Built 1950 · 76 years of history
A/P # 02 ROMEO/BRUCE
48065
Outdoor Living
Deck · Patio
This home is getting attention
Listed 48 days ago · 2,032 views · 62 saves
Market activity
Demand and pricing signals for this listing
2,032 views
People checking out this listing
62 saves
Buyers have saved this home
48 days on market
Established listing
$188/sqft
Price per square foot
About this home
Multi Family · Built 1950
LAND CONTRACT TERMS: $230,000 DOWN 7% AMORTIZED OVER 30 YEARS, BALLOON BALANCE AFTER 5 YEARS....Excellent investment opportunity in the heart of Romeo just walking distance to vibrant downtown shops, restaurants, and community events. This well-maintained 4-unit multi-family property features two spacious 1-bedroom, 1-bath units, including two main-level units and two upper studio units. Two of the units offer full basements for additional storage and functionality. All units are occupied by long-term tenants, providing immediate and stable cash flow. Current gross monthly income is $3,415 with strong upside potential, as market rents could support income exceeding $4,000 per month. The property offers plenty of on-site parking to accommodate all occupants. The owner currently pays water, a small common electric bill, gas, lawn care, and snow removal. The roof is newer, and the building has been consistently well maintained, contributing to excellent tenant retention. To avoid disturbing tenants, showings will be scheduled upon an accepted offer only.
Standout features identified
Our analysis highlights two upper studio units, two main-level units, and plenty of on-site parking as key attractions of this home.
Estimated monthly payment
Based on current rates
$2,791/month
Principal & Interest$2,198
Property Tax$445
Insurance$148
Down payment20% ($89,000)
3%50%
Est. 6.28% rate · 30yr fixed · $356,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1950
HeatingForced Air, Natural Gas
Parking6 Parking spaces
Days on Zillow48 Days
Price/sqft$188
Property
Home typeMulti Family
Sub-typeMulti Family
StyleQuadruplex
Year built1950
Stories2
Systems
HeatingForced Air, Natural Gas
RoofAsphalt
ConstructionAluminum Siding, Brick
Water / SewerCommunity / Public Sewer
Parking & Outdoor
ParkingParking Lot, On Street, Paved
BasementFull,Unfinished
Lot7,840 sqft
Location & Tax
Neighborhood48065
Annual tax$8,427
Parcel270135352011
Bathrooms & Fees
Full baths4
Features & details
5 categories of property features
Interior Features
Heating
Forced Air
Natural Gas
Exterior Features
Parking
Parking Lot
On Street
Paved
Construction
Aluminum Siding
Brick
Patio & Porch
Deck
Patio
Pool Features
None
Listing insights
Market data and value estimates
StatusFor Sale
Days on market48
Est. value$430,000
Est. rent$1,529/mo
Tax rate1.32%
Price/sqft$188
On marketFeb 18, 2026
PostedFeb 18, 2026
Last sold$199,000
MLS updatedMar 20, 2026
Tour days9
Views2,032
Favorites62
How are the schools in Romeo?
3 schools rated nearby
Location
Romeo, MI, 48065
Price history
12 events
DateEventPrice$/sqftSource
Mar 11, 2026Price Change$445,000$188Realcomp II
Feb 18, 2026Listed For Sale$460,000$194Realcomp II
Aug 13, 2020Sold$199,000$84Public Record
Nov 9, 2015Sold$135,000$57MiRealSource
Oct 27, 2015Pending Sale$164,900$70Real Living Kee Realty-W
Aug 8, 2015Price Change$164,900$70Real Living Kee Realty-W
Jun 15, 2015Price Change$169,900$72Real Living Kee Realty-W
May 2, 2015Listed For Sale$179,000$76Real Living Kee Realty
Mar 1, 2012Sold$137,500$58Public Record
Nov 3, 2011Sold$137,500$58MiRealSource
Aug 24, 2011Price Change$187,000$79CENTURY 21 Collins
Jun 18, 2011Listed For Sale$192,000$81Century 21 Collins
Price Change$445,000
Mar 11, 2026•$188/sqft•Realcomp II
Listed For Sale$460,000
Feb 18, 2026•$194/sqft•Realcomp II
Sold$199,000
Aug 13, 2020•$84/sqft•Public Record
Sold$135,000
Nov 9, 2015•$57/sqft•MiRealSource
Pending Sale$164,900
Oct 27, 2015•$70/sqft•Real Living Kee Realty-W
Price Change$164,900
Aug 8, 2015•$70/sqft•Real Living Kee Realty-W
Price Change$169,900
Jun 15, 2015•$72/sqft•Real Living Kee Realty-W
Listed For Sale$179,000
May 2, 2015•$76/sqft•Real Living Kee Realty
Sold$137,500
Mar 1, 2012•$58/sqft•Public Record
Sold$137,500
Nov 3, 2011•$58/sqft•MiRealSource
Price Change$187,000
Aug 24, 2011•$79/sqft•CENTURY 21 Collins
Listed For Sale$192,000
Jun 18, 2011•$81/sqft•Century 21 Collins
Tax history
17 years of records
YearTax paidAssessed value
Apr 7, 2025$8,186$184,500
Apr 7, 2024$8,030$155,800
Apr 7, 2023$5,549$147,300
Apr 7, 2022$7,236$137,000
Apr 7, 2021$1,578$122,300
Apr 7, 2020$1,578$116,800
Apr 7, 2019$5,448$113,400
Apr 7, 2018$4,219$113,770
Apr 7, 2017—$99,530
Apr 7, 2016—$98,700
Apr 7, 2015—$88,570
Apr 7, 2014—$73,790
Apr 7, 2011—$69,700
Apr 7, 2010—$73,740
Apr 7, 2009—$98,500
Apr 7, 2008—$107,600
Apr 7, 2000$3,730$70,500
Nearby homes
Neighborhood details
Local context around this listing
Romeo, MI • Macomb County
Nearby cities
ChesterfieldClinton TownshipEastpointeMacombRosevilleSaint Clair ShoresShelby TownshipSterling Heights
Nearby zip codes
48065
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