$3,147

closing credit¹

56 Waldo St Pontiac, MI 48341

$265,000
3 full
2,567 sqft
0.2 acres
$103 / sqft
Multi-Family

Property details

About 56 Waldo St

Discover an investment opportunity in the growing city of Pontiac! This well- maintained three-unit multi-family property is a gem, offering a combination of convenience, functionality, and strong income potential. The spacious first-floor unit is a standout, featuring a large three-bedroom, one-bath layout perfect for families or long-term tenants. With its city rental certificate in place, it's ready for immediate occupancy. Upstairs, you'll find two one-bedroom, one-bath units, both well-maintained and with their own rental inspections from the city. One of these units already has a strong, reliable, long-term tenant who pays promptly, for immediate cash flow. Each unit has its own separate gas and electric meters, providing convenience for tenants and simplifying utility management for you. The property also features one central water meter and has been recently upgraded with newer furnaces (2020) and a new roof (2024) . This means the major systems have been recently updated, reducing the need for immediate maintenance or repairs. Every unit comes complete with stoves and refrigerators, making them move in ready. Located in a community that’s steadily evolving and attracting attention, this property is an opportunity to capitalize on Pontiac’s ongoing growth. Whether you're a seasoned investor or just starting to build your portfolio, this property offers stability and potential. Available exclusively with land contract terms, it’s your chance to invest in the future of Pontiac while generating solid returns.

Highlights

Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
CoolingCeiling Fan(s)
Size2,567 sqft
BasementYes
Lot size0.17 Acres
Year built1931
ParkingThree Car Garage
MLS #20250004614
Garage3 spaces

Summary

  • MLS Number: 20250004614
  • MLS Name: Realcomp II Ltd
  • Office Name: Elite Realty
  • Office Phone: (734) 513-2166
  • 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: 2/13/2025, 11:20:54 PM 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

view of front of home

$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

DateEventPrice
Feb 03, 2016
Home Sold
$17,000

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 most common annual income of people living in Pontiac, MI is less than $<35k. Residents typically live in single, no kids family. Residents of this area typically 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 January 22, 2025 and is currently priced at $265,000.

In January 2025 more than 8 listings in Pontiac, MI were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 15 were sold below. The inventory of homes for sale in Pontiac, MI between December and January 2025 increased by 8.9%. While the average time on the market in January 2025 was 48 days, the median list price was $140,000.

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

More resources