512 E Main St Pinckney, MI 48169
Estimated payment $2,829/month
Highlights
- Covered Patio or Porch
- Ceiling Fan
- Private Entrance
- Forced Air Heating System
- Garage
- 4-minute walk to Pinckney Town Square Park
About This Home
Investment Opportunity – 4-Unit Multi-Family Quadplex in the Village of Pinckney! Don’t miss your chance to own 4-Unit Multi-Family Quadplex located at 512 E Main Street, complete with a detached 3-car garage that’s currently leased separately for added income. This is an excellent opportunity for investors seeking a stable, income-producing property with immediate upside potential. The building includes (2) two-bedroom units and (2) one-bedroom units, all separately metered for natural gas and electricity. Each unit features its own forced-air furnace and gas water heater, minimizing landlord expenses. The landlord currently pays water, but a new owner could charge tenants for water usage or install separate water meters for each unit to further increase net operating income, while tenants pay gas, electric, and cable/internet. All units include landlord-owned appliances (stove and refrigerator), and the basement offers space to add coin-operated laundry—a great way to increase revenue. Current Lease/Tenant Status: Unit 1 – Month-to-Month, Unit 2 – Month-to-Month, Unit 3 – Vacant (ready to lease or owner-occupy), Unit 4 – Lease through 07/31/2029, Garage – Lease through 07/31/2026. Rents are currently under market, providing significant opportunity for rent increases and improved cash flow. With strong rental demand in the area and limited inventory, this property is positioned for excellent long-term returns. Located within walking distance of downtown Pinckney and just minutes to Howell’s dining, shopping, and highway access, this property combines small-town charm with proven investment performance. Seller intends to complete a 1031 Exchange. Listing agent is a member of the ownership LLC and related to the seller. Showings will be limited due to tenant occupancy. Please respect the privacy of the current tenants and do not walk the property or communicate with the tenants. For property-specific questions, please contact the Listing Agent.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Lot Details
- 0.43 Acre Lot
- Lot Dimensions are 115x166
- Private Entrance
- Fenced
Parking
- Garage
Home Design
- Quadruplex
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- 4 Full Bathrooms
- 2,788 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Unfinished Basement
- Basement Storage
Outdoor Features
- Covered Patio or Porch
- Exterior Lighting
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 1423300021
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 | $2,285 | $122,723 | $0 | $0 |
| 2024 | $2,227 | $129,244 | $0 | $0 |
| 2023 | $2,122 | $117,078 | $0 | $0 |
| 2022 | $0 | $141,196 | $0 | $0 |
| 2021 | $5,133 | $105,160 | $0 | $0 |
| 2020 | $4,238 | $93,470 | $0 | $0 |
| 2019 | $4,996 | $88,180 | $0 | $0 |
| 2018 | $6,596 | $114,100 | $0 | $0 |
| 2017 | $6,477 | $114,100 | $0 | $0 |
| 2016 | $6,816 | $120,900 | $0 | $0 |
| 2014 | $4,900 | $105,200 | $0 | $0 |
| 2012 | $4,900 | $104,350 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/01/2025 12/01/25 | Price Changed | $450,000 | -10.0% | $161 / Sq Ft | |
| 10/31/2025 10/31/25 | For Sale | $499,900 | +233.3% | $179 / Sq Ft | |
| 10/20/2015 10/20/15 | Sold | $150,000 | -24.6% | $54 / Sq Ft | View Prior Sale |
| 10/02/2015 10/02/15 | Pending | -- | -- | -- | |
| 06/02/2015 06/02/15 | For Sale | $199,000 | -- | $71 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $230,000 | Select Title Company |
Source: Realcomp
MLS Number: 20251048921
APN: 14-23-300-021
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