$220,000
$5K PRICE DROP

Estimated payment $1,630/month

Total Views 11,950
5 Beds
3 Baths
2,533 Sq Ft
$87 Price per Sq Ft

About This Home

Highly sought-after cashflow property located in the heart of Monroe. 100% occupied large triplex. Includes a spacious entry level 2BR/1 Bath unit, a 1BR/1 Bath, and an upstairs 2BR/1 bath unit. All 3 units currently under lease. Additional parking and garage for storage in rear of property. Impressive Victorian woodwork and built-ins throughout the property add charm to this Monroe gem. Separate electric meters for each unit as well as a house meter. BTVAI

Listing Agent

Mitch Petree

Key Realty One LLC - South Monroe License #MCAR-6501452803 Listed on: 05/17/2025

Co-Listing Agent

Douglas Dale

Key Realty One LLC - South Monroe License #MCAR-6506047127

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1893

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 40x150

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Boiler Heating System
  • Separate Meters

Community Details

  • 3 Units
  • Old Village West Of Monroe St Subdivision

Listing and Financial Details

  • Assessor Parcel Number 55-29-00312-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,175

Year Built

Built in 1893

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Flood Insurance: Not Required
  • Total Tax Amount: 5175
  • Year Built: 1893
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Source of Sq Ft: Public Records
  • Estimated Sq Ft: 2533

Exterior Features

  • Frontage: 40
  • Sideof Street: E
  • Foundation Type: Basement

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 2

Utilities

  • Water: Public Water
  • Fuel Type: Natural Gas
  • Heating System: Boiler
  • Separate Electric: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 55-29-00312-000
  • Lot Dimensions: 40x150
  • Acreage: 0.14
  • Geo Subdivision: MI

Rental Info

  • Lease Information: Gas Included, Water Included

Tax Info

  • Summer Tax: Year: 2024, Amount: $2,621.00
  • Winter Tax: Year: 2024, Amount: $2,554.00
  • Total Tax: Amount: $5,175.00

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Monroe Public Schools

Map

Range of Values:

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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 $5,175 $99,060 $0 $0
2024 $2,621 $99,060 $0 $0
2023 $2,506 $80,690 $0 $0
2022 $4,721 $80,690 $0 $0
2021 $4,563 $73,610 $0 $0
2020 $2,608 $64,430 $0 $0
2019 $2,499 $64,430 $0 $0
2018 $2,432 $57,070 $0 $0
2017 $2,382 $57,070 $0 $0
2016 $2,336 $58,630 $0 $0
2015 $2,257 $40,010 $0 $0
2014 $2,257 $40,010 $0 $0
2013 -- $41,300 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 Price Changed $220,000 -2.2% $87 / Sq Ft
05/17/2025 05/17/25 For Sale $225,000 +150.0% $89 / Sq Ft
05/01/2020 05/01/20 Sold $90,000 -22.2% $32 / Sq Ft
01/27/2020 01/27/20 Pending -- -- --
11/19/2019 11/19/19 Price Changed $115,654 -1.7% $42 / Sq Ft
09/11/2019 09/11/19 For Sale $117,654 -- $42 / Sq Ft
Source: Michigan Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Liberty Title & Escrow Co
Warranty Deed $90,000 None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- --
Deed $24,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $473,800 New Conventional
Closed $67,500 New Conventional
Previous Owner $32,102 Commercial
Previous Owner $31,800 Adjustable Rate Mortgage/ARM
Previous Owner $19,600 New Conventional
Previous Owner $153,685 FHA
Source: Public Records

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Source: Michigan Multiple Listing Service

MLS Number: 50175108

Michigan Multiple Listing Service

APN: 55-29-00312-000