$428,000
$11K PRICE DROP

47 Pope St Lapeer, MI 48446

Estimated payment $2,812/month

Total Views 9,845
-- Bed
6 Baths
3,425 Sq Ft
$125 Price per Sq Ft

About This Home

Recent Price Improvement!!!
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: $4,200/month with one unit vacant
Full Occupancy Potential: $5,050/month ($60,600 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.

Listing Agent

Kimberly Bow

Real Estate One License #6501429312 Listed on: 03/19/2026

Real Estate One

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

  • 3,425 Sq Ft Home
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Siding

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • 6 Full Bathrooms
  • Shed
  • Basement

Listing and Financial Details

  • Assessor Parcel Number L203880004000

Community Details

Overview

  • 6 Units
  • City Of Lapeer R Original Plat Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,063

Year Built

Built in 1860 | Remodeled in 2021

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: ResidentialIncome
  • Year Built: 1860
  • State Equalized Value: 152400.00
  • Year Renovated: 2021
  • Pets Allowed: Yes
  • Property Sub Type: MultiFamily
  • Co List Office Mls Id: 08114905
  • Above Grade Finished Sq Ft: 3425.00
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Full Bathrooms: 6

Exterior Features

  • Waterfront: No
  • Foundation Details: Basement, Poured
  • Construction Materials: VinylSiding
  • Road Frontage Type: Paved
  • Disclosures: ActualIncome, AnnualPropertyOperatingDataAvailable, ConformstoZoning, TaxesNotHomesteadExempt
  • Other Structures: Sheds
  • Roof: Asphalt

Garage/Parking

  • Garage: No

Utilities

  • Cooling: WallUnits
  • Heating: ForcedAir, NaturalGas
  • Sewer: PublicSewer
  • Water Source: Public

Fee Information

  • Operating Expense: 20244.00

Schools

  • Junior High Dist: Lapeer

Lot Info

  • Lot Dimensions: 60.00 x 120.00
  • Parcel Number: L203880004000
  • Land Lease Expiration Date: 2026-09-18
  • Zoning Description: MultiFamily

Rental Info

  • Rent Includes: MaintenanceOnSite, Sewer, TrashCollection
  • Monthly Rental Income: 4200.00

Tax Info

  • Tax Amount Summer: 2645.00
  • Tax Amount Winter: 3418.00
  • Tax Annual Amount: 6063.00

Multi Family

  • Gross Scheduled Income: 50400.00
  • Number Of Units Total: 6
  • Above Grade Finished Area Units: SquareFeet

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,723 $152,400 $0 $0
2024 $5,808 $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
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/19/2026 05/19/26 Price Changed $428,000 -2.5% $125 / Sq Ft
03/19/2026 03/19/26 For Sale $439,000 +7.1% $128 / 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
Source: Realcomp

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- Legacy Title
Warranty Deed $410,000 None Listed On Document
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 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $410,000 New Conventional
Closed $410,000 New Conventional
Source: Public Records

Source: Realcomp

MLS Number: 20261017954

Realcomp

APN: L20-38-800-040-00

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