$310,000
$20K PRICE DROP

224 Monroe St Saline, MI 48176

Estimated payment $1,944/month

Total Views 3,245
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 0.5 Acre Lot
  • No HOA
  • Laundry Facilities
  • Pleasant Ridge Elementary School Rated A-
  • Forced Air Heating System
  • 5-minute walk to People's Park

About This Home

Exceptional investment opportunity! This fully occupied tri-plex is ideally located near downtown Saline, offering three units with tenants in place. The property features a spacious garage with ample storage and three dedicated parking spaces, plus additional on-site parking for convenience. Recent updates include a new HVAC system installed in 2023 and a water heater replaced in 2025, ensuring efficiency and peace of mind for owners and residents alike. Don't miss your chance to own this turnkey multifamily property in a desirable location!

Listing Agent

Kristin Mills

Real Estate One Inc License #6501424885 Listed on: 09/24/2025

Real Estate One Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1909

Lot Details

  • 0.5 Acre Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Aluminum Siding

Laundry

  • Washer and Gas Dryer Hookup

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 7 Parking Spaces
  • Gravel Driveway

Schools

  • Pleasant Ridge Elementary School
  • Saline Middle School
  • Saline High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, gas

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $3,000
  • Maintenance Expense $3,000
  • Utility Expense $2,000
  • Operating Expense $16,500
  • Gross Income $33,000
  • Net Operating Income $16,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1909
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 88 ft x 248 ft
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: R-3
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Substructure:Slab: Yes
  • Laundry Features In Basement: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Laundry Features Common Area: Yes
  • General Property Info Elementary School2: Pleasant Ridge Elementary School
  • General Property Info High School: Saline High School
  • General Property Info Middle School2: Saline Middle School
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Utilities Attached Cable Connected: Yes
  • Substructure Walk-Out Access2: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Slab, Walk-Out Access
  • Basement: Yes

Exterior Features

  • Construction Materials: Aluminum Siding
  • Exclusions: None
  • List Price: 310000.0
  • Lot Features: Level
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Aggregate, Driveway
  • Total Parking Spaces: 7.0
  • General Property Info:Total Parking Spaces: 7.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Common Area, Gas Dryer Hookup, In Basement, Washer Hookup
  • Utilities: Natural Gas Connected, Electricity Connected, Cable Connected

Schools

  • Elementary School: Pleasant Ridge Elementary School
  • High School: Saline High School
  • Middle/Junior School: Saline Middle School

Lot Info

  • Lot Size Acres: 0.5
  • Lot Size Area: 0.5
  • Lot Dimensions: 88 ft x 248 ft
  • Lot Size Sq Ft: 21824.0
  • Zoning Description: R-3

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer, Gas
  • Tenant Pays: Electric

Multi Family

  • Gross Income: 33000.0
  • Insurance Expense: 3000.0
  • Maintenance Expense: 3000.0
  • Net Operating Income: 16500.0
  • Number of Units Total: 3
  • Operating Expense: 16500.0

Tax Info

  • Tax Annual Amount: 8008.0
  • Tax Year: 2025

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2025 10/29/25 Price Changed $310,000 -6.1% --
09/24/2025 09/24/25 For Sale $330,000 -- --
Source: MichRIC

Source: MichRIC

MLS Number: 25049148

MichRIC

APN: 18-18-01-430-006

Michigan Washtenaw County Saline 48176

224 Monroe St, Saline, MI

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes
Kristin Mills
Listing Agent
Kristin Mills
Section Image
Real Estate One Inc
(734) 215-3648