$2,700,000

50 Wayne St Pontiac, MI 48342

Estimated payment $14,353/month

38 Beds
40 Baths
26,880 Sq Ft
$100 Price per Sq Ft

About This Home

Welcome to your next generational wealth builder. Located in the heart of downtown Pontiac, this impressive 38-unit apartment building is ready for transformation. With fully approved plans and all city and building permits in place, you can close and begin interior work immediately. The project includes $1.9 million in approved grants to significantly reduce your out-of-pocket costs and allow you to reinvest directly into the renovation and future tenants. A rare opportunity in a rapidly growing market. Schedule your showing today. All showings will be held only with appointments, or our open houses/building tours.

Listing Agent

Amer Bally

ICON Realty Experts, LLC License #6501464620 Listed on: 11/16/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,473

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 120x141

Home Design

  • Poured Concrete

Interior Spaces

  • 40 Full Bathrooms
  • 26,880 Sq Ft Home
  • Multi-Level Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number OR19100013

Community Details

Overview

  • 38 Units
  • High-Rise Condominium

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,473

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: High Rise
  • Architecture Level: 4-10 Story
  • Year Built: 1920
  • State Equalized Value: 76520.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 40.00
  • Full Bathrooms: 40
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Total Sq Ft: 26880

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Block
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Utilities

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

Lot Info

  • Lot Dimensions: 120x141
  • Parcel Number: OR19100013
  • Zoning: Commercial

Rental Info

  • Monthly Rental Income: 28500

Tax Info

  • Tax Amount Summer: 1473.0000
  • Total Tax: 1473.0000
  • Taxable Value: 60780.0000

Multi Family

  • Gross Scheduled Income: 342000.00
  • Number Of Units Total: 38

MLS Schools

  • School District: Pontiac

Map

Range of Values:

Collateral Analytics

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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
2024 $1,473 $76,520 $0 $0
2023 $1,403 $67,090 $0 $0
2022 $0 $55,140 $0 $0
2021 $993 $52,290 $0 $0
2020 $993 $41,380 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2025 11/16/25 For Sale $2,700,000 -- $100 / Sq Ft
Source: Realcomp

Source: Realcomp

MLS Number: 20251054304

Realcomp

APN: OR-19-100-013

Michigan Oakland County Pontiac 48342

50 Wayne St, Pontiac, 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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Amer Bally
Listing Agent
Amer Bally
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ICON Realty Experts, LLC
(586) 945-3424