$265,000

56 Waldo St Pontiac, MI 48341

$3,147
Closing credit¹
3 full
2,567 sqft
0.2 acres
$103 / sqft
Multi-Family

Property details

About 56 Waldo St

This well-maintained three-unit property offers strong income potential. The first-floor unit is a spacious three-bedroom, one-bath layout, city-certified and ready for occupancy. Upstairs, two one-bedroom, one-bath units have passed city rental inspections, with one already occupied by a long-term tenant providing immediate cash flow. Each unit has separate gas and electric meters, with a single water meter for efficiency. Recent upgrades include new furnaces (2020) and a new roof (2024), reducing maintenance costs. Stoves and refrigerators are included in every unit. Located in a growing area, this property is near local businesses, transportation, and new development. It offers consistent rental demand and the potential for appreciation. Available with land contract terms, making it accessible for investors looking to expand their portfolio.

Highlights

Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
CoolingCeiling Fan(s)
Size2,567 sqft
BasementYes
Lot size0.17 Acres
Year built1931
ParkingStreet Parking
MLS #20250021679

Summary

  • MLS Number: 20250021679
  • MLS Name: Realcomp II Ltd
  • Office Name: VM Real Estate Group
  • Office Phone: (586) 797-0999
  • Listing Agent: Tracy A Petersen

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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. 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. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/8/2025, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

tudor house featuring brick siding and a chimney

$265,000

56 Waldo St

$3,147

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2024$72,900$2,414
2023$63,220$2,202
2022$55,320$2,202
2021$49,310$2,202
2020$44,130$2,107
2018$34,800$2,009
2017$33,440$1,932

History based on county public records data.

Nearby schools

3

Donelson Hills Elementary School

Public District KG-5

1.2 mi

2690 Wewoka Rd

2

Whitman Elementary School

Public District KG-5

1.5 mi

125 W Montcalm St

2

Alcott School

Public District KG-5

2.0 mi

460 W Kennett Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $26,912. The majority of Pontiac, MI residents have income less than $<35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.

How much money do the neighbors make?

61%
<35k
36%
35k-100k
4%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

64%
Single, No Kids
17%
Single, with Kids
11%
Married, No Kids
8%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
9%
12-17 yrs old
23%
18-34 yrs old
47%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • UFCUFC
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • BurlingtonBurlington
  • Family DollarFamily Dollar
  • Chico'sChico's

Where do the neighbors go to eat?

  • PopeyesPopeyes
  • Burger KingBurger King
  • Church's ChickenChurch's Chicken

What do the neighbors drive?

  • DodgeDodge
  • BuickBuick
  • CadillacCadillac

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • JazzJazz
  • NewsNews
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 56 Waldo St in Pontiac, MI and zip code 48341. This 2,567 square foot home, which was built in 1931, sits on a 0.17 acre lot. Features: 3 bathrooms. It has been listed on Rocket Homes since April 1, 2025 and is currently priced at $265,000.

In March 2025 more than 9 listings in Pontiac, MI were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 14 were sold below. The number of homes for sale in Pontiac, MI increased by 27.8% between February and March 2025. Listings spent 46 days on the market in March 2025, and had a median list price of $140,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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