926 E Front Street
Monroe, MI 48161
Map
- 17 beds
- 10 baths
- 7,066 sqft
- ~1/2 acre lot
- $127 per sqft
- 1883 build
- – on site
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!
Last checked:
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Last updated Jul 7, 2025
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MLS# 57050180653 —
The Building
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Year Built:1883
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Levels:Two
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Basement:true
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Foundation Details:Basement
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Building Area Source:PublicRecords
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Above Grade Finished Area:7066.0
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Above Grade Finished Area Source:PublicRecords
Interior
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Fireplace:false
Room Dimensions
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Living Area:7066.0
Location
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Latitude:41.911868
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Longitude:-83.385686
The Property
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Parcel Number:554901491000
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Size Acres:0.61
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Lot Size Dimensions:128x209
Listing Agent
- Contact info:
- Agent phone:
- (734) 244-5605
- Office phone:
- (734) 244-5605
Taxes
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Tax Legal Description:LOT BOUND NORTH BY FRONT ST; EAST BY CITY OF MONROE; SOUTH BY ILGENFRITZ; WEST BY PITOCK BEING 128 FT ON FRONT ST & 203 FT IN DEPTH IN PC 500 ALSO DESCRIBED AS; COMM 939.41 FT S 48D 44M 54S FROM THE INTERSECTION OF THE SOUTH LINE OF EAST FRONT STREET AND THE EAST LINE OF JEROME STREET; PRECEEDING THENCE SOUTH 48 DEGREES 44 MINUTES 54 SECONDS EAST 139.11FT; TH S 32D 53M 16S W 205.58FT; TH N 53D 50M 24S W 138.00 FT; TH N 32D 39M 56S E 217.00 FT TO POB.
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Tax Annual Amount:12554.0
Beds
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Total Bedrooms:17
Baths
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Total Baths:10
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Full Baths:10
The Listing
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Virtual Tour URL Unbranded:https://tim-zeipekis-photography.aryeo.com/sites/kjqapze/unbranded
Heating & Cooling
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Heating:ForcedAir, NaturalGas, SeparateMeters
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Heating:true
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Cooling:false
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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High School District:Monroe
The Community
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Subdivision Name:NONE
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Waterfront:false
IDX provided courtesy of Realcomp II Ltd., via Estately and Southeastern Border Association of REALTORS, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/3/25
Jul 3, 2025
|
Price Changed | REALCOMP | $899,900 | 7.1% |
|
7/3/25
Jul 3, 2025
|
Listed / Active | REALCOMP | $840,000 |
