Multi-family properties in Michigan

Multi-Family Properties

for Sale in Michigan

Explore multi-family properties for sale across Michigan, including duplexes, triplexes, four-unit buildings, and small apartment complexes. This page is designed for investors and owner-occupants seeking income-producing real estate in markets like Grand Rapids, but is not limited to West Michigan. View current MLS listings and discover opportunities suited for rental income, value-add renovations, or long-term portfolio growth.

Why Invest in Michigan Multi-Family Properties

  • Strong rental demand driven by growing job markets in Grand Rapids and other Michigan cities

  • Diverse economic base (healthcare, education, tech, manufacturing) supports long-term occupancy

  • Potential for value-add through renovations or unit repositioning

  • Comparatively affordable price point vs larger metro markets

  • Proximity to universities and employment centers enhances tenant pools

West Michigan Multi-Family Market Overview

West Michigan’s multi-family real estate market has shown resilience and opportunity across both core urban centers and neighboring suburban corridors. Cities such as Grand Rapids, Holland, and Muskegon see consistent rental occupancy, while some smaller communities deliver strong cap rates and redevelopment potential. Whether you’re targeting duplexes or larger 6-8 unit buildings, understanding local market fundamentals — including rental rates, vacancy trends, and financing conditions — is key to making smart investment decisions.

Our Team

Every partner at Edison (and some of our non-owner licensees) is an owner of multi-family real estate. Under a different license, we may be able to offer management services for certain opportunities. Our primary area of proficiency would be with investments in West Michigan, but we can guide your strategy, and if an opportunity surfaces in a market in which we can't best serve you, we will make a referral. 

What Investors Should Know

Investing in multi-family properties involves many variables beyond purchase price. Consider factors such as current rent roll, operating expenses, potential for rent increases, property condition, and occupancy rates. Additionally, zoning, historic tenant trends, and maintenance/management responsibilities should be evaluated when analyzing possible acquisitions. Working with a market expert can provide clarity on risk and opportunity in Michigan’s multi-family sectors.

Multi-Family Investment FAQs

What qualifies as a multi-family property?
Multi-family real estate includes duplexes, triplexes, four-plexes, and buildings with five or more units intended for rental occupancy.

Are multi-family properties good investments?
They can be, when fundamentals like rental demand, operating costs, cap rate, and financing align with investor goals and risk tolerance.

How do I evaluate a multi-family property?
Key metrics include gross rent multiplier (GRM), net operating income (NOI), cap rate, and local market rent benchmarks.

Can I finance multi-family properties?
Yes — financing options vary by size of the property, down payment, borrower experience, and loan type (conventional, portfolio, FHA, etc.).  Financing options for 2-4 units can be different as compared to commercial financing, and may offer opportunities for first-time investors to "house hack" into their first properties. 

Ready to Invest in Michigan Multi-Family?

Whether you’re a seasoned investor or exploring multi-family ownership for the first time, having local market insight matters. Sign up for new multi-family listing alerts, request a property analysis, or talk with an investment broker to better understand opportunities in today’s Michigan market.

$199,900
3 Baths 20261073227 MLS COMING SOON Status
One unit leased. One unit ready for you! Space, character and location come together in Detroit’s Petoskey-Otsego neighborhood! This spacious brick duplex offers an appealing option for an owner-occupant, house hacker or investor looking to own in an area experiencing continued investment and redevelopment. Each unit has its own entry and features 2 very spacious bedrooms, 1 full bath, a living room with a natural brick fireplace, formal dining area, office and private basement space. Much of the original woodwork has been maintained to showcase the craftsmanship and character of this classic Detroit home. The upper unit is currently leased at $1,200/month, providing immediate rental income, while the second is vacant and ready for occupancy, an ideal setup to live in one while generating income from the other. The location adds another attractive layer to the opportunity. Conveniently situated near New Center, Midtown and Downtown Detroit, the property puts some of the city's most recognizable destinations within easy reach, including Henry Ford Hospital, the Motown Museum and the iconic Fisher Building. This area continues to attract new investment, including the redevelopment of the historic Lee Plaza high-rise, adding to the momentum of this westside Detroit neighborhood. Whether you're looking for a place to call home while generating rental income or your next investment property, this duplex offers an appealing combination of location, flexibility and existing income. With one unit already producing revenue and the other ready for its next occupant, the opportunity is already in place. Bring your vision and make it yours! Schedule your showing today.

4016 Hogarth Street, Detroit

$139,000
2 Baths 20261072824 MLS ACTIVE Status
Great opportunity to own a recently updated duplex in a convenient location at the corner of Weiss & Eddy. This property offers two spacious 3-bedroom, 1-bath units, each with its own private laundry room and separate living space. The building was extensively updated just last month, including a new roof, new siding, fresh interior paint, and a brand-new kitchen in one of the units.One unit has already been leased following the renovations for $1,000 per month, providing immediate rental income, while the second unit is currently vacant and ready for a new owner to occupy or lease. Each unit has its own laundry room. One unit includes a full appliance package, while the other includes a refrigerator and stove. Whether you're an investor looking to add an income-producing property to your portfolio, a contractor seeking an opportunity with strong potential, or an owner-occupant wanting rental income to help offset your housing costs, this duplex offers flexibility and excellent potential.Conveniently located with easy access to major roads, shopping, restaurants, schools, and everyday amenities. Recently updated, income-producing, and priced to offer an attractive opportunity for the right buyer. More photos are coming by Friday! Additional photos will showcase the recent updates and improvements completed by the owner so buyers and agents can see the quality and scope of the work firsthand. Don't miss this opportunity to own a beautifully updated duplex with immediate rental income and excellent future potential!

346 Weiss Street, Saginaw

$459,900
26047950 MLS ACTIVE Status
**Rare 4-unit investment opportunity in Grand Rapids, offering immediate cash flow with room to grow, plus a built-in owner-occupant option.** All four units feature matching two bedroom, one bath layouts, keeping management simple and turnover predictable. The roof and windows were noted the time of purchase to have been recently replaced. One unit is currently vacant, ready to lease immediately or move into yourself, making this a great house-hack opportunity: live in one unit while the other three help cover the mortgage. For investors, that same vacancy is simply ready-to-lease upside. Beyond that, this is a documented value-add opportunity. Another unit sits on a long-term lease priced below what comparable units in the building are already achieving, offering a clear, near-term path to a stronger rent roll without any renovation required. A third unit is Section 8 assisted, adding a layer of payment reliability to the property's income. Located minutes from downtown Grand Rapids in a submarket with steady rental demand, this is an efficient way to add meaningful door count in a single transaction, or to get into property ownership with tenants already helping you pay it down. Whether you're scaling a portfolio, executing a 1031 exchange, house-hacking your first property, or looking for a multifamily acquisition with upside already built in, 1054 Ionia offers a strong foundation and a clear plan forward. Rent roll and financials available upon request.

1054 Ionia Avenue SW, Grand Rapids

$479,900
2 Baths 20261072677 MLS ACTIVE Status
Not your typical Detroit duplex. 7436 Oakland Street has been completely reimagined through a full-gut renovation, creating two sophisticated, move-in-ready residences with the finishes and design of a modern new build. Spanning approximately 2,166 square feet, the property offers two spacious units, each featuring 2 bedrooms and 1 full bathroom. Bright, open interiors are complemented by oversized windows, wide-plank flooring, recessed lighting, exposed-brick accents, and a refined neutral palette. Beautifully designed kitchens feature quartz countertops, contemporary cabinetry, tiled backsplashes, stainless-steel appliances, and generous workspace. Updated bathrooms continue the elevated aesthetic with modern vanities, crisp tilework, and glass-enclosed showers. Currently vacant, the property offers complete flexibility from day one. An owner-occupant can house hack by living in one unit while renting the other, or an investor can select their own tenants and establish new leases. With estimated rental potential of up to $2,000 per unit, the property offers the possibility of approximately $4,000 in total monthly rent. The location provides convenient access to New Center, Midtown, Wayne State University, the College for Creative Studies, Henry Ford Hospital, the Fisher Building, the QLINE, Eastern Market, and Downtown Detroit. For the buyer who values quality, location, and long-term versatility, 7436 Oakland presents a rare opportunity to acquire a beautifully renovated two-unit property without inheriting dated interiors, deferred maintenance, or existing leases. Live in one, lease both, or create a multigenerational living arrangement—the possibilities are exceptional.

7436 Oakland Street, Detroit

$219,900
2 Baths 20261072160 MLS ACTIVE Status
This well-maintained, fully tenanted duplex in a prime area of Detroit’s east side has been optimized as an investment asset for Detroit’s evolving rental market, with professional management, high-standard maintenance and tenants in good standing with Section 8 leases.The upper and lower units both have three bedrooms, charming details and spacious, well-proportioned rooms. Residents enjoy garage access, a divided basement with laundry, updated appliances and attractive finishes. Renovations include major expenses like furnace and water heaters. The roof is comfortably within its life expectancy; the exterior and concrete work are well maintained; and all the windows have been upgraded to Pella windows with aluminum trim. The attic is easily accessible, making it ideal for on-site owner storage or future expansion. Outside, a tidy yard and solid two-car garage offer additional tenant amenities.Located in Morningside, a neighborhood known for its charming yesteryear character, established rental market and proximity to shopping, highway access and the ongoing economic development along the East Warren Streetscape Initiative. An attractive opportunity for investors seeking a long-term hold with stable cashflow, the property is optimized for ongoing rental licensing and Section 8 approval to help avoid administrative hassle as the city implements its new rental compliance initiative. Showings are gladly accommodated with a contingent offer.

4652-4654 Haverhill Street, Detroit

$265,000
3 Baths 20261072436 MLS ACTIVE Status
Step into this beautifully renovated twofamily flat offering modern comfort, historic Detroit character, and an ideal setup for anyone looking to house hack. The firstfloor unit features three spacious bedrooms and a wellappointed bath, while the secondfloor unit expands the possibilities with four bedrooms and two baths, including a private ensuite that creates a true retreat. Both units enjoy freshly updated bathrooms with new tile and beautifully finished vanities that elevate the overall feel of each space. Each unit also has its own separate basement, giving residents added flexibility for storage, hobbies, or future expansion. The openconcept kitchens are designed for modern living, featuring quartz countertops, a stylish backsplash, and a bright, contemporary layout that makes cooking and gathering feel effortless. The property has been fully updated from top to bottom with a new roof, new windows, new plumbing, and new electrical, creating a turnkey experience with all the charm of Detroit’s classic architecture. Located just ten minutes from Downtown Detroit, the property sits adjacent to the historic Boston Edison neighborhood and right along the wave of new development transforming the DexterDavison corridor. It’s a place where timeless homes meet ongoing revitalization, offering both convenience and longterm upside. Whether you’re an owneroccupant looking to offset your mortgage or an investor seeking a turnkey multiunit in a growing area, this home delivers lifestyle, location, and opportunity in one.

3251 Calvert Street, Detroit

$270,000
3 Baths 20261071896 MLS ACTIVE Status
Turnkey, Fully Occupied Triplex | Renovated | $24,000 Stabilized NOI1187 Park Avenue offers investors the opportunity to acquire a fully occupied, recently renovated triplex with stabilized operations, long-term tenants, and limited near-term capital needs.The property is configured as two 2-bedroom, 1-bathroom apartments and one 1-bedroom, 1-bathroom basement apartment, providing a practical and attractive unit mix for both investors and residents.The property currently generates $2,025 per month in rental income, with the current rent roll offering the potential to increase to as much as $3,150 per month, creating additional upside beyond current income.The property benefits from an exceptionally stable tenant profile, with tenants who have occupied the building for more than 10 years and have taken excellent care of the property. Their long-term tenancy and responsible occupancy contribute to minimal turnover, reduced wear and tear, and limited property management needs.Importantly, new leases reflecting the potential rent increases have not yet been executed, providing a new owner with the ability to raise rents to as much as $3,150 per month at signing, subject to market conditions and lease execution.The asset is 100% occupied, providing immediate cash flow without the execution risk associated with lease-up. During the current ownership period, more than $25,000 was invested in renovations across the property, leaving the next owner with a substantially completed product rather than a value-add project.The owner covers water, gas, and electricity, all of which are reflected in the stabilized NOI.With the renovation program complete, long-term tenants in place, minimal management requirements, and the ability to raise rents to as much as $3,150 per month, 1187 Park represents a finished, income-producing multifamily asset with additional near-term rental upside available to the next owner. No showings without an accepted offer.

1187 Park, Lincoln Park

$116,000
2 Baths 20261071788 MLS ACTIVE Status
TURNKEY TWO-UNIT INVESTMENT OPPORTUNITY ON DETROIT’S WEST SIDE!Welcome to 8535 Kentucky Street, a spacious multifamily property offering immediate flexibility for investors, owner-occupants, house hackers, or multigenerational households. Conveniently located near major freeways, shopping, dining, and everyday amenities, this property combines income potential with comfortable living.Each unit features fresh interior paint, an updated kitchen, an updated bathroom, generous living space, and a functional floor plan. The upper unit also includes a private terrace—an inviting outdoor space perfect for relaxing, enjoying morning coffee, or unwinding at the end of the day.The large backyard offers endless possibilities for outdoor entertaining, gardening, recreation, or future improvements. Both units were previously rented for approximately $1,100 per month each, presenting potential gross rental income of $2,200 per month, subject to current market conditions and buyer verification.Live in one unit while renting the other, accommodate extended family with separate living spaces, or add a versatile multifamily property to your investment portfolio.The seller is motivated—schedule your showing and submit your offer today! Buyers and buyers’ agents should independently verify rental income, property measurements, taxes, zoning, licensing requirements, and all information relevant to their intended use.

8535 Kentucky Street SW, Detroit

$1,750,000
1950229 MLS ACTIVE Status
A piece of Northern Michigan history, reimagined for what's next. Tucked along Elk Rapids' bayside, Paradise Pines Resort is a rare offering: a beautifully restored 1938 cottage court spread across five wooded acres, just steps from the water. Directly across the street, Elk Rapids Day Park offers public beach access along a quarter-mile of East Grand Traverse Bay shoreline. Ten individual cottages, each with its own character, have been completely transformed from the ground up. New flooring, electrical, and plumbing throughout. Furniture and decor sourced from repurposed materials, giving every space warmth and story in equal measure. Nine cottages are currently in the rental program, ranging from a cozy 160-square-foot efficiency to a spacious two-bedroom retreat, together capable of hosting up to 28 guests. A shared fire pit, group dining area, and lawn space for games round out the property, creating the kind of communal, laid-back atmosphere that turns first-time guests into regulars. The owners' residence sits on-site as well, with five acres offering plenty of room to grow, whether that means additional cottages, expanded gathering spaces, or new amenities altogether. This is more than a vacation rental. It's a turnkey business with deep roots in the community, established goodwill, and real upside for the right owner. For the right buyer, Paradise Pines represents a rare chance to own a piece of Elk Rapids' history, and build onto its next chapter.

917 S Bayshore Drive, Elk Rapids

$400,000
10 Baths 20261071195 MLS ACTIVE Status
Two side-by-side historic buildings in Detroit's East Village, offered together at $400,000 or individually at $200,000 each. The major structural work is behind you: new roofs, full demo, a rebuilt third floor, original fireplaces and woodwork preserved. Bring your architect and finish the story, two blocks from The Shepherd and Pewabic, on a tree-lined street where neighbors are restoring these old homes one by one.Two side-by-side historic buildings are waiting for someone with vision. Behind their brick facades, the bones of a grander era are still intact: original fireplaces, inlaid tile foyers, large pocket doors, hand-detailed paneling and wainscotting, all carefully preserved through a full interior demolition. Both buildings have a brand-new roof, both are gut-demoed and ready to build, and one has a fully rebuilt third floor. What's left is the best part: bringing them back to life.The buildings sit on original fieldstone foundations. The roof and the structural work up top are already handled, so your architect gets to focus on the vision. There is real structural work still ahead, including masonry repair, both porches to rebuild, and some second-floor framing to address, but it's defined, visible scope, not the hidden surprises that sink a rehab budget.At roughly 8,630 square feet across the two buildings, three full stories each, plus deep basements with the ceiling height to convert to additional living space, the possibilities are genuinely open. Restore them as a pair of grand single-family homes. Create a boutique collection of apartments. Live in one and lease the other. Out back, massive yards with alley access leave room for off-street parking and the kind of garden, patio, or gathering space that turns a building into a home. The stone base is proven and the structure is understood, so you're building on a known quantity, not guessing.

1574 & 1582 Cadillac Boulevard, Detroit

$599,900
2 Baths 1950184 MLS ACTIVE Status
Slabtown homes don't turn over often, and a true two-residence property here turns over even less. This is a rare opportunity to let a second residence help offset the mortgage while putting you in one of Traverse City’s most walkable, sought after locations. The neighborhood lives up to the reputation, with multiple parks, the TART Trail and a beach just blocks away. Local staples like Slabtown Burgers, Tom's Food Markets, and Dairy Lodge are all within easy reach, so plenty of errands turn into a walk instead of a drive. The home offers two distinct living spaces, each with its own entrance, kitchen, and bath. Use the secondary living quarters as a rental to help offset the mortgage, create a comfortable mother-in-law suite, give adult kids their own space when they move back home, accommodate a caretaker, host long-term guests, or simply keep a separate space for work or hobbies. The main home features refinished hardwood floors and an updated bathroom, while the three-stall garage brings serious utility, including one bay with a raised door built for a boat. A large concrete parking pad alongside the garage provides even more room for vehicles or a trailer. Out back, a generous yard framed by mature trees leads to a patio to catch the afternoon sun. There’s plenty of room to spread out, entertain, garden, or simply enjoy having outdoor space of your own. Income, family, guests, caregiving, or just more room to live, this is a property that can evolve with you. In a neighborhood where opportunities like this rarely come along, the flexibility is already built in. This is Slabtown living, ready for its next owner.

131 N Spruce, Traverse City

$1,000,000
2 Baths 20261069139 MLS ACTIVE Status
Truly, a generational opportunity. This package of three 2-family homes located in the very desirable Detroit suburb of FERNDALE Michigan is special in many ways.With the 3 built lots in a row, & the extraordinary depth of 254 feet makes this an incredibly attractive land package.The story starts in the center with the original craftsman style bungalow 2-family home featuring two bedrooms on the first floor, & a spacious one bedroom upper unit, there is a full basement with separate laundry for each unit, private entries, and exits for all above grade entrances.From 1953 to 1955 the home on Laprairie gained a sibling on each side. Never wanting to mess with success, the original owner built both new properties using the same floorplan as their existing 2-family. Improving upon the existing, red brick was chosen for exteriors, garages with separate stalls and the trio was complete.Subsequent ownership through three generations (I have personally worked with all three generations) has provided a roadmap of consistent maintenance, capital improvements, long-term rental, history, and pride of ownership.Recent years have meant some newer furnaces (5), air conditioners (6), kitchens (3), bathrooms (4), wood floors (3), windows (all), appliances and decor.If the idea of a turnkey investment that has future potential beyond, what’s already there this might be the package that you’re looking for. These three are only being sold as a package. Only 552 Laprairie (Lower) and its basement may be shown prior to an accepted offer. Please do not disturb the other tenants. Showings of the other units can take place only upon receipt of an accepted offer.

538 Laprairie Street, Ferndale

$1,000,000
2 Baths 20261069204 MLS ACTIVE Status
Truly, a generational opportunity. This package of three 2-family homes located in the very desirable Detroit suburb of FERNDALE Michigan is special in many ways.With the 3 built lots in a row, & the extraordinary depth of 254 feet makes this an incredibly attractive land package.The story starts in the center with the original craftsman style bungalow 2-family home featuring two bedrooms on the first floor, & a spacious one bedroom upper unit, there is a full basement with separate laundry for each unit, private entries, and exits for all above grade entrances.From 1953 to 1955 the home on Laprairie gained a sibling on each side. Never wanting to mess with success, the original owner built both new properties using the same floorplan as their existing 2-family. Improving upon the existing, red brick was chosen for exteriors, garages with separate stalls and the trio was complete.Subsequent ownership through three generations (I have personally worked with all three generations) has provided a roadmap of consistent maintenance, capital improvements, long-term rental, history, and pride of ownership.Recent years have meant some newer furnaces (5), air conditioners (6), kitchens (3), bathrooms (4), wood floors (3), windows (all), appliances and decor.If the idea of a turnkey investment that has future potential beyond, what’s already there this might be the package that you’re looking for. These three are only being sold as a package. Only 552 Laprairie (Lower) and its basement may be shown prior to an accepted offer. Please do not disturb the other tenants. Showings of the other units can take place only upon receipt of an accepted offer.

544 Laprairie Street, Ferndale

$1,000,000
2 Baths 20261069206 MLS ACTIVE Status
Truly, a generational opportunity. This package of three 2-family homes located in the very desirable Detroit suburb of FERNDALE Michigan is special in many ways.With the 3 built lots in a row, & the extraordinary depth of 254 feet makes this an incredibly attractive land package.The story starts in the center with the original craftsman style bungalow 2-family home featuring two bedrooms on the first floor, & a spacious one bedroom upper unit, there is a full basement with separate laundry for each unit, private entries, and exits for all above grade entrances.From 1953 to 1955 the home on Laprairie gained a sibling on each side. Never wanting to mess with success, the original owner built both new properties using the same floorplan as their existing 2-family. Improving upon the existing, red brick was chosen for exteriors, garages with separate stalls and the trio was complete.Subsequent ownership through three generations (I have personally worked with all three generations) has provided a roadmap of consistent maintenance, capital improvements, long-term rental, history, and pride of ownership.|Recent years have meant some newer furnaces (5), air conditioners (6), kitchens (3), bathrooms (4), wood floors (3), windows (all), appliances and decor.If the idea of a turnkey investment that has future potential beyond, what’s already there this might be the package that you’re looking for. These three are only being sold as a package. Only 552 Laprairie (Lower) and its basement may be shown prior to an accepted offer. Please do not disturb the other tenants. Showings of the other units can take place only upon receipt of an accepted offer.

552 Laprairie Street, Ferndale

$350,000
4 Baths 20261070017 MLS ACTIVE Status
A rare opportunity to own an expansive duplex on the sought-after LaSalle Street in Detroit’s historic Martin Park neighborhood. Each unit offers approximately 1,800 square feet of living space, featuring three bedrooms, two full bathrooms, spacious living and dining rooms, and kitchens large enough to comfortably accommodate an entire football team!With soaring 12-foot ceilings throughout and an impressive wall of windows, each unit is filled with natural light while offering beautiful views of the mature, tree-lined street. Each floor also features its own in-unit washer and dryer for added convenience.Completely remodeled from top to bottom in 2019, this home was thoughtfully updated to provide modern comfort, functionality, and today’s conveniences while preserving the historic charm and character that make this property so special. The renovation went far beyond cosmetics, including updated furnaces, A/C compressors, electrical, plumbing, roofing, and more.And the space doesn’t stop there. The basement is nearly as expansive as the home itself, offering an incredible amount of storage and endless possibilities for additional living or recreational space. Imagine creating a home gym, office, workshop, or hobby area. The attic provides even more potential and could easily be transformed into the ultimate hangout, creative studio, or private retreat.Looking for the perfect house hack? Live in one unit while renting the other, or add this impressive property to your investment portfolio. The possibilities are truly endless.Conveniently located just minutes from Livernois Avenue, Woodward Avenue, Ferndale, and all that Detroit has to offer, this home combines space, character, location, and opportunity in one incredible package.Come see it for yourself—because pictures simply don’t do this property justice!

16910 LA SALLE Avenue, Detroit

$169,900
2 Baths 50220347 MLS ACTIVE Status
Freshly updated side-by-side duplex in the historical district walking distance from downtown Bay City the Historic Masonic Temple, center street and the Uptown/riverfront districts. Freshly painted exterior on house and garage, three years old asphalt roof on house and metal garage roof. Paved off street 3 car driveway with a large 22x24 two-car garage. Large front porch plus unit has its own side or back porch. Mostly fenced in private backyard with a small fire pit. Two 2-bedroom, 1-bath units plus 1600 sf of extra storage, on site laundry and additional toilet in the basement. About 1,786 sf finished above grade. Unit A: Features hardwood floors, 9’ ceilings, microwave, and kitchen/dining room breakfast bar, original wood trim and staircase, clawfoot tub large front window and open spacious design on the main level. Unit B: Features bay-windows for lots of natural lighting in the spacious living room and seamless flow into the dining area. All laid out on a single level with a sky light in the bathroom. High-efficiency furnace and walk out back porch to enjoy some privacy. Both sides have updated separate electrical sub panels, GFCI’s. Separate gas meters, dryer outlets and hot water heaters for each unit. Shared water and sewer. Refrigerator and ranges stay in each unit. Empty on both sides so you can walk the whole building with no tenant coordination. Live in one side and rent the other, or rent both. Both units rent quickly and have been previously rented $1100 a month plus utilities and split water/sewer for each unit from 2022 until April of this year. Also has high potential for Airbnb/short term style rental. Get in now to this walkable area and grow with the city of Bay City.

504 N Monroe Street, Bay City

$389,900
3 Baths 20261064729 MLS ACTIVE Status
Charming 3 Unit Income Producing Multifamily in the Heart of Royal Oak! Discover a fantastic investment opportunity just blocks from downtown Royal Oak! This charming Craftsman-style multi family home offers timeless character, generous living space, & excellent income-producing potential w/ 3 separate units, each featuring its own private entrance & appliances. The main-floor unit welcomes you w/ a spacious, light-filled living area showcasing beautiful hardwood floors & abundant natural light. The kitchen features ceramic flooring, ample cabinetry & counter space, a convenient eat-in area. The main level has washer/dryer hookup. Two generously sized bedrooms provide plenty of closet space, while the updated bathroom features a new vanity, toilet, fixtures, & refreshed shower tile. The second-floor unit offers 2 bedrooms w/ deep closets & additional storage, along with a comfortable kitchen featuring an eat-in area & a stackable washer/dryer. The updated bathroom includes a new vanity, flooring, & refreshed shower area.The lower-level unit is a cozy studio with an open-concept kitchen and living area, a full bathroom with stand-up shower, and its own washer and dryer. A split heating/cooling system (2022) provides added comfort.Recent improvements include two new furnaces & A/C (2017) serving the first & second-floor units, along w/new electrical panels, offering added peace of mind for the next owner. Outside, enjoy a classic covered front porch, a quiet residential setting, private entrances for all three units, rear parking, and additional street parking. With its desirable location near downtown Royal Oak, shopping, restaurants, entertainment, and major commuter routes, this property offers an excellent opportunity for an investor seeking multiple income streams or an owner-occupant looking to offset their mortgage w/ rental income. Three units all seperate meters. Multiple income opportunities. Prime Royal Oak location!!

307 S Laurel Street, Royal Oak

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