$450,000
$50K PRICE DROP

512 E Main St Pinckney, MI 48169

Estimated payment $2,853/month

Total Views 4,408
6 Beds
4 Baths
2,788 Sq Ft
$161 Price per Sq Ft

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.

Listing Agent

Nick Coppola

EXP Realty Main License #6506035783 Listed on: 10/31/2025

EXP Realty Main

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,900

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Year Built: 9999
  • State Equalized Value: 122723.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Circuit Breakers, High Spd Internet Avail
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished, Common Storage Locker
  • Total Sq Ft: 2788

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Michigan Basement
  • Construction Materials: Vinyl
  • Exterior Features: Lighting, Private Entry
  • Porch Type: Porch - Covered, Porch, Covered
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Sideof Street: S
  • Fencing: Fence Allowed

Garage/Parking

  • Garage: Yes
  • MF Parking: Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Fee Information

  • Operating Expense: 12000.00

Lot Info

  • Lot Size Area: 0.43
  • Lot Dimensions: 115X166
  • Parcel Number: 1423300021
  • Zoning: Commercial

Rental Info

  • Rent Includes: Water/Sewer, Trash Collection, Water, Yard Maintenance
  • Monthly Rental Income: 3745

Tax Info

  • Tax Amount Summer: 2285.0000
  • Tax Amount Winter: 3615.0000
  • Total Tax: 5900.0000
  • Taxable Value: 106967.0000

Multi Family

  • Gross Scheduled Income: 44940.00
  • Number Of Units Total: 4

MLS Schools

  • School District: Pinckney

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
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
Source: Public Records

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
Source: Realcomp

Purchase History

Date Type Sale Price Title Company
Warranty Deed $230,000 Select Title Company
Source: Public Records

Source: Realcomp

MLS Number: 20251048921

Realcomp

APN: 14-23-300-021