47 Pope St Lapeer, MI 48446
Estimated payment $2,805/month
Highlights
- Colonial Architecture
- Covered Patio or Porch
- Forced Air Heating System
About This Home
6 Unit Multi-Family Investment Property – Near Downtown Lapeer.
Each unit offers 1 bedroom and 1 bathroom, with separate gas and electric meters and individual furnaces—tenants pay their own utilities.
Current Rent Roll: $4,300/month
Full Occupancy Potential: $5,150/month ($61,800 annually)
Owner Expenses: Water and trash
With only one unit currently vacant and consistent rental income, this is a solid investment opportunity and an excellent addition to any real estate portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1860 | Remodeled in 2021
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 60.00 x 120.00
Home Design
- Colonial Architecture
- Farmhouse Style Home
- Poured Concrete
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- 6 Full Bathrooms
- 3,425 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Outdoor Features
- Covered Patio or Porch
Utilities
- Cooling System Mounted In Outer Wall Opening
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number L203880004000
Community Details
Overview
- 6 Units
- City Of Lapeer R Original Plat Subdivision
Pet Policy
- Pets Allowed
Map
Home Values in the Area
Average Home Value in this Area
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 | $6,426 | $152,400 | $0 | $0 |
| 2024 | $2,645 | $135,000 | $0 | $0 |
| 2023 | $2,390 | $130,000 | $0 | $0 |
| 2022 | $5,514 | $119,100 | $0 | $0 |
| 2021 | $5,196 | $112,300 | $0 | $0 |
| 2020 | $3,584 | $106,800 | $0 | $0 |
| 2019 | $3,579 | $97,800 | $0 | $0 |
| 2018 | $3,495 | $83,000 | $64,500 | $18,500 |
| 2017 | $3,426 | $84,200 | $0 | $0 |
| 2016 | $3,400 | $83,900 | $64,500 | $19,400 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $70,600 | $64,500 | $6,100 |
| 2013 | -- | $85,000 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/15/2025 08/15/25 | Price Changed | $439,000 | -1.3% | $128 / Sq Ft | |
| 08/05/2025 08/05/25 | For Sale | $445,000 | 0.0% | $130 / Sq Ft | |
| 05/12/2025 05/12/25 | Pending | -- | -- | -- | |
| 04/22/2025 04/22/25 | Price Changed | $445,000 | -1.1% | $130 / Sq Ft | |
| 03/10/2025 03/10/25 | Price Changed | $450,000 | 0.0% | $131 / Sq Ft | |
| 03/10/2025 03/10/25 | For Sale | $450,000 | -3.2% | $131 / Sq Ft | |
| 12/05/2024 12/05/24 | Off Market | $465,000 | -- | -- | |
| 10/29/2024 10/29/24 | For Sale | $465,000 | +13.4% | $136 / Sq Ft | |
| 04/14/2023 04/14/23 | Sold | $410,000 | -2.1% | $120 / Sq Ft | View Prior Sale |
| 02/15/2023 02/15/23 | Pending | -- | -- | -- | |
| 10/10/2022 10/10/22 | For Sale | $419,000 | 0.0% | $122 / Sq Ft | |
| 09/25/2022 09/25/22 | Pending | -- | -- | -- | |
| 09/13/2022 09/13/22 | For Sale | $419,000 | -- | $122 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Legacy Title | |
| Warranty Deed | $410,000 | None Listed On Document | |
| Warranty Deed | -- | Legacy Title | |
| Warranty Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $184,000 | -- | |
| Warranty Deed | $184,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $410,000 | New Conventional |
Source: Realcomp
MLS Number: 20240075952
APN: L20-38-800-040-00
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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