Accepting Backup Offers

80619 Main Street

Memphis, Michigan 48041

$250,000 $1,054/Mo

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Overview

Bed

Bath

3,794

Sqft

0.51

Acre(Lot)

Description

Great investment opportunity to own a fourplex with strong income potential! This fourplex features two 2-bedroom units and two 1-bedroom units, with two units currently occupied—one renting for $950/month (lower 2 bedroom) and one for $750/month (upper 1 bedroom), both with recently renewed leases. Projected total rental income is approximately $3,400 per month when fully occupied. Each unit is separately metered for electricity, with tenants paying their own utilities, and water is included in rent. Upstairs units offer private balconies, adding tenant appeal. There is a basement with laundry hookups available, along with a rear parking area for tenants. New soffits and gutters (2025). An additional lot behind the parking area provides the opportunity to split and sell or build another h ome, offering added value and future upside to buyers!

Property Details

Property Type : Multifamily

Price : $250,000

AD Id : 78974276

MLS Id : 20261036569

Beds : 6

Lot Size : 0.51 Acre

Living Area Size : 3,794

Year Built : 1892

County : Macomb

Subdivision: S/p # 01 Memphis

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 4 Full Baths: 4
Interior Features

Basement Description: Unfinished
Heating & Cooling

Cooling: Ceiling Fan(s) Heating: Forced Air Heating Fuel: Natural Gas

Water Heater

Electric

Building Information

Year Built: 1892 Building Stories: 2 Story Total Units: 4 Foundation/Basement: Michigan Basement Architecture: Colonial
Exterior Features

Construction: Vinyl
Utility Features

Sewer: Sewer at Street
Water

Public (Municipal) Water Heat: Electric

Lot Information

Lot Size: 0.51 Lot Dimensions: 74x216 Frontage Feet: 74
Property Information

SQ ft: 3794 Subdivision: S/P # 01 Memphis Financing: Cash,Conventional

Listing Price Information

Original List Price: $250,000
Listing Information

Possession: At Close Legal Description: SUPERVISORS PLAT NO 1; BEING A REPLAT OF CARLTON SABINS ADDITION AND CARLTON SABINS SECOND ADDITION AND A PLAT OF PART OF THE NW 1/4 OF SECTION 2 LOT 30 CITY OF MEMPHIS

Tax Information

Annual Tax: $5,339 Parcel Number: 0302130015
Possession

At Close
Legal Information

Legal Description: Section: SUPERVISORS PLAT NO 1; BEING A REPLAT OF CARLTON SABINS ADDITION AND CARLTON SABINS SECOND ADDITION AND A PLAT OF PART OF THE NW 1/4 OF SECTION 2 LOT 30 CITY OF MEMPHIS

Unit 1 Information

# of Bedrooms: 2
Unit 2 Information

# of Bedrooms: 2

School Information

School District: Memphis
Utility Information

Water: Public (Municipal) Sewer: Sewer at Street

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ByOwner last updated this listing 06/20/2026 @ 05:01

MLS: 20261036569 LISTED BY: Brittney Pflueger , Brookstone, Realtors LLC 248-963-0505 SOURCE: Realcomp II Ltd