$198,000

220 W Park St Lapeer, MI 48446

Estimated payment $1,210/month

Total Views 4,609
3 Beds
2 Baths
1,621 Sq Ft
$122 Price per Sq Ft

Highlights

  • Covered Patio or Porch
  • Forced Air Heating System
  • 2-minute walk to Lapeer Rotary Pocket Park

About This Home

**Charming Duplex in the Heart of Lapeer!**
Fully rented 2-unit property offering a great investment opportunity.

The **main floor unit** features 2 spacious bedrooms, beautiful hardwood floors, a **newly updated bathroom**, convenient **laundry area**, and access to both a **side porch** and **garage**.

The **upper unit** has a bright, open layout—perfect for easy living.

All **appliances included** (refrigerators and stoves).
Please allow **24-hour notice** for all showings.

A perfect time to add a reliable rental to your portfolio!
📍 **220/222 W Park St, Lapeer**

Listing Agent

Jeanne McCorkle

Exit Realty Group License #6501288248 Listed on: 10/16/2025

Exit Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1890

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x120

Home Design

  • Block Foundation
  • Stone Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 1,621 Sq Ft Home
  • 2-Story Property
  • Basement

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • City Of Lapeer R Lapeer Village Subdivision

Listing and Financial Details

  • Assessor Parcel Number L202050004000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,062

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1890
  • State Equalized Value: 63500.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Total Sq Ft: 1621

Exterior Features

  • Foundation Details: Michigan Basement
  • Construction Materials: Wood
  • Exterior Features: Lighting
  • Foundation Materials: Block, Stone
  • Porch Type: Porch - Covered, Porch, Covered
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Fee Information

  • Operating Expense: 3950.00

Lot Info

  • Lot Size Area: 0.17
  • Lot Dimensions: 60x120
  • Parcel Number: L202050004000
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection, Yard Maintenance
  • Monthly Rental Income: 2065

Tax Info

  • Tax Amount Summer: 849.0000
  • Tax Amount Winter: 1213.0000
  • Total Tax: 2062.0000
  • Taxable Value: 43320.0000

Multi Family

  • Gross Scheduled Income: 24780.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Lapeer

Map

Range of Values:

--
Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,062 $66,100 $0 $0
2024 $849 $63,500 $0 $0
2023 $809 $56,400 $0 $0
2022 $1,868 $54,200 $0 $0
2021 $1,345 $50,100 $0 $0
2020 $1,330 $49,500 $0 $0
2019 $1,334 $45,600 $0 $0
2018 $1,303 $39,900 $39,900 $0
2017 $1,278 $40,200 $0 $0
2016 $1,269 $34,900 $34,900 $0
2015 -- $32,800 $0 $0
2014 -- $30,500 $30,500 $0
2013 -- $30,100 $30,100 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2025 10/16/25 For Sale $198,000 0.0% $122 / Sq Ft
09/29/2025 09/29/25 Off Market $1,300 -- --
06/16/2025 06/16/25 For Rent $1,300 0.0% --
09/08/2015 09/08/15 Sold $52,000 -30.7% $32 / Sq Ft View Prior Sale
09/03/2014 09/03/14 Pending -- -- --
05/13/2014 05/13/14 For Sale $75,000 -- $46 / Sq Ft
Source: Realcomp

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Michigan Trusted Title
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $50,000 Credit Line Revolving
Source: Public Records

Source: Realcomp

MLS Number: 20251045738

Realcomp

APN: L20-20-500-040-00