#50177702, Robert Kluck, Listing office: Professional Leasing & Sales LLC
926 E Front St Monroe, MI 48161
Property details
About 926 E Front St
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!
Highlights
Summary
- Full Bathrooms: 10
- Basement: Yes
- Total Bedroom Count: 17
- Heating: Forced Air, Natural Gas, Separate Meters
- List Price: $899,900
- Price/SqFt: $127
- Annual Tax Amount: $12,713
- Tax Year: 2024
- Year Built: 1883
- Living Area: 7,066 SqFt
- Lot Size: 0.61 Acres
- MLS Number: 57050180653
- MLS Name: Southeastern Border Association of REALTORS
- Office Name: eXp Realty LLC in Monroe
- Office Phone: (734) 244-5605
- Listing Agent: Jacob Levicki
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Price information
Property sales
Date | Event | Price |
---|---|---|
Jan 04, 2023 | Home Sold | $520,000 |
May 08, 2009 | Home Sold | $160,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $203,340 | $12,713 |
2023 | $199,920 | $10,230 |
2022 | $199,920 | $9,887 |
2021 | $173,440 | $9,367 |
2020 | $174,840 | $8,733 |
2019 | $174,840 | $8,552 |
2018 | $170,260 | $8,461 |
2017 | $147,670 | $8,356 |
History based on county public records data.
Nearby schools
3
Arborwood Elementary School
Public District PK-6
1.2 mi
•1135 Riverview Ave
2
Waterloo Elementary School
Public District PK-6
2.2 mi
•1933 S Custer Rd
5
Manor Elementary School
Public District PK-6
2.2 mi
•1731 W Lorain St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $43,824. Typical income of Monroe, MI residents is between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
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Frequently asked questions
About 926 E Front St
The listing price of 926 E Front St property is $899,900.
The property 926 E Front St is a multi located in Monroe, Michigan, 48161.
Active Listing: 926 E Front St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 926 E Front St are: Arborwood Elementary School (GreatSchools Rating 3/10), Waterloo Elementary School (GreatSchools Rating 2/10), Manor Elementary School (GreatSchools Rating 5/10), Monroe Middle School (GreatSchools Rating 5/10), Triumph Academy (GreatSchools Rating 6/10), Jefferson Middle School (GreatSchools Rating 4/10), Orchard Center High School (GreatSchools Rating 2/10), Monroe High School (GreatSchools Rating 5/10), Monroe County Middle College (GreatSchools Rating 9/10).
According to the records, the last property tax for 2024 is $12,713 (source: MLS/based on county public records data).
The last sale was on January 4, 2023 for $520,000 (source: MLS/tax record).
The property 926 E Front St is 7,066 SqFt (source: MLS/tax record).
The year of construction for 926 E Front St is 1883.
This home is located at 926 E Front St in Monroe, MI and zip code 48161. This 7,066 square foot home, which was built in 1883, sits on a 0.61 acre lot. Features: 17 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since July 3, 2025 and is currently priced at $899,900.
In June 2025 more than 10 listings in Monroe, MI were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 10 were sold below. In June 2025 in Monroe, MI there were 18.2% more homes for sale than in May. The median list price of listings available in June 2025 was $210,000, while the average time on the real estate market was 41 days.