$799,000
$41K PRICE DROP

926 E Front St Monroe, MI 48161

Central Monroe Neighborhood

Estimated payment $5,287/month

Total Views 211,068
17 Beds
10 Baths
7,066 Sq Ft
$113 Price per Sq Ft

Highlights

  • 0.61 Acre Lot
  • Forced Air Heating System
  • 4-minute walk to Soldiers and Sailors Park

About This Home

Rare investment opportunity! This fully occupied 10-unit apartment property spans four distinct buildings on a single lot, ideally located at the corner of E Front St and Kentucky Ave. Just steps from a park and tennis courts. Built in 1883 and thoughtfully updated, the property offers a mix of 1, 2, and 3-bedroom units, all with 1 bathroom, plus a shared coin-operated laundry. Recent renovations include new roofing, luxury vinyl plank flooring, updated water heaters, key-code entry locks, and interior upgrades throughout most units. Tenants are on one-year leases, with a strong rental history and consistent on-time payments. Current gross income is approx. $116,000/year (including laundry) with a pro forma potential of $121,000/year. Estimated annual expenses are approx. $26,000, with a current net operating income of about $90,000 and a cap rate near 10% at the asking price. Don’t miss this chance to own a stabilized, income-producing multifamily property with upside potential in the heart of Monroe!

Listing Agent

Jacob Levicki

Real Estate One Monroe License #MCAR-6501450189 Listed on: 07/03/2025

Real Estate One Monroe

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1883

Lot Details

  • 26,572 Sq Ft Lot
  • Lot Dimensions are 128x209

Interior Spaces

  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 10 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Separate Meters

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 55-49-01491-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,554

Year Built

Built in 1883

Lot Details

0.61 Acres

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 12554
  • Year Built: 1883
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Bedrooms: 17
  • Full Bathrooms: 10
  • Total Bathrooms: 10
  • Source of Sq Ft: Public Records

Exterior Features

  • Frontage: 128
  • Foundation Type: Basement

Utilities

  • Water: Public Water
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 55-49-01491-000
  • Lot Dimensions: 128x209
  • Acreage: 0.61
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2024, Amount: $6,359.00
  • Winter Tax: Year: 2024, Amount: $6,195.00
  • Total Tax: Amount: $12,554.00

Multi Family

  • Total Units: 10

MLS Schools

  • School District: Monroe Public Schools

Map

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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 $6,661 $262,900 $39,420 $223,480
2024 $6,359 $203,340 $0 $0
2023 $10,230 $199,920 $0 $0
2022 $10,230 $199,920 $0 $0
2021 $9,887 $173,440 $0 $0
2020 $9,368 $174,840 $0 $0
2019 $8,974 $174,840 $0 $0
2018 $8,733 $147,670 $0 $0
2017 $8,553 $147,670 $0 $0
2016 $8,462 $147,670 $0 $0
2015 $8,249 $146,200 $0 $0
2014 $8,249 $146,200 $0 $0
2013 -- $145,000 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/12/2026 03/12/26 Price Changed $799,000 -2.5% $113 / Sq Ft
01/26/2026 01/26/26 For Sale $819,900 0.0% $116 / Sq Ft
01/25/2026 01/25/26 Off Market $819,900 -- --
12/04/2025 12/04/25 Price Changed $819,900 -2.4% $116 / Sq Ft
10/24/2025 10/24/25 Price Changed $839,900 -2.3% $119 / Sq Ft
09/15/2025 09/15/25 Price Changed $859,900 -2.3% $122 / Sq Ft
08/15/2025 08/15/25 Price Changed $879,900 -2.2% $125 / Sq Ft
07/03/2025 07/03/25 Price Changed $899,900 +7.1% $127 / Sq Ft
07/03/2025 07/03/25 For Sale $840,000 +61.5% $119 / Sq Ft
12/30/2022 12/30/22 Sold $520,000 -16.1% $74 / Sq Ft View Prior Sale
12/08/2022 12/08/22 Pending -- -- --
07/12/2022 07/12/22 For Sale $620,000 -- $88 / Sq Ft
Source: Michigan Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Warranty Deed $520,000 --
Quit Claim Deed -- --
Deed $160,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $420,000 New Conventional
Source: Public Records

About the Listing Agent

Jacob Levicki
Jacob Levicki

Real Estate One Monroe

(734) 361-5211

Section Image

As a top-producing Realtor serving Southeast Michigan, I take pride in delivering results while building lasting relationships. Whether you're buying your first home, upsizing, downsizing, or investing, I’m here to guide you through every step of the process. Backed by the Welch Real Estate Team and Real Estate One, I combine local expertise with strong negotiation skills and a modern marketing approach to get homes sold quickly and for top dollar. I’ve been honored to be recognized as one of

View Jacob's Profile

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Source: Michigan Multiple Listing Service

MLS Number: 50180653

Michigan Multiple Listing Service

APN: 55-49-01491-000

Michigan Monroe County Monroe 48161 Central Monroe

926 E Front St, Monroe, MI

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Michigan Multiple Listing Service Source MLS: MiRealSource
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Jacob Levicki
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Real Estate One Monroe
(734) 361-5211
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