Contingent

926 E Front Street

Monroe, Michigan 48161

$799,000 $3,368/Mo

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Overview

Bed

Bath

7,066

Sqft

0.61

Acre(Lot)

Description

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 c urrent 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!

Property Details

Property Type : Multifamily

Price : $799,000

AD Id : 65746073

MLS Id : 57050180653

Lot Size : 0.61 Acre

Living Area Size : 7,066

Year Built : 1883

County : Monroe

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 10 Full Baths: 10
Heating & Cooling

Heating: Forced Air,Separate Meters Heating Fuel: Natural Gas

Building Information

Year Built: 1883 Building Stories: 2 Story Total Units: 10 Foundation/Basement: Basement
Utility Features

Sewer: Sewer (Sewer-Sanitary)
Water

Public (Municipal)

Lot Information

Lot Size: 0.61 Lot Dimensions: 128x209
Property Information

SQ ft: 7066 Subdivision: None Financing: Cash,Conventional

Listing Price Information

Original List Price: $840,000
Listing Information

Possession: At Close 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.

Tax Information

Annual Tax: $12,554 Parcel Number: 554901491000
Possession

At Close
Legal Information

Legal Description: Section: 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.

Virtual Tour

Virtual Tour (External Link)

School Information

School District: Monroe
Utility Information

Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1137 E 8th Street , Monroe, MI, 48161	$164,900	4	2	1,340	1,340 SqFt
68 Navarre Street , Monroe, MI, 48161	$169,000	--	2.5	2,013	2,013 SqFt
815 Union Street , Monroe, MI, 48161	$180,000	--	2	1,296	1,296 SqFt

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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 06/05/2026 @ 10:18

MLS: 57050180653 LISTED BY: Jacob Levicki , Real Estate One Monroe 734-244-5605 SOURCE: Realcomp II Ltd