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224 Monroe Street Saline, MI $ 290,000
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$ 290,000 Get more info
224 Monroe Street
$ 290,000
Back to search
Share Save

224 Monroe Street

Saline, MI, 48176
$ 290,000
Baths0.0

Monthly Estimate*

$ 1,809

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Studio

Multi-Family Home for sale in Saline, MI

for $290,000. This home was built in 1909 on a lot size of 0.5.

Exceptional investment opportunity! This fully occupied tri-plex is ideally located near downtown Saline, offering three units with tenants in place. The property features a spacious garage with ample storage and three dedicated parking spaces, plus additional on-site parking for convenience. Recent updates include a new HVAC system installed in 2023 and a water heater replaced in 2025, ensuring efficiency and peace of mind for owners and residents alike. Don't miss your chance to own this turnkey multifamily property in a desirable location!

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Multi-Family Active

Price

$ 290,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 8,008

Style

2 to 4 Units

Lot Size

0.5

Year Built

1909

Town/City

Saline

County/Region

Washtenaw

MLS | Web ID

25049148
Features
General
Heating Forced Air
Utilities Natural Gas Connected Electricity Connected Cable Connected
Possession Subject To Tenant Rights
Roof Composition
Construction Materials Aluminum Siding
Exclusions None
Year Built 1909
Tenant Pays Electric
Township Saline City
Property Subtype 2 to 4 Units
Tax Year 2025
Ownership Private Owned
Gross Income 33000.0
County Washtenaw
Net Operating Income 16500.0
Operating Expense 16500.0
Insurance Expense 3000.0
New Construction N
Property Type Multi Family
Attached Garage N
MaintenanceExpense 3000.0
Status Active
Directions West on E. Michigan Ave (US-12) South on Monroe on right
City Saline
High School District Saline
Zoning Description R-3
Number Of Units Total 3
MLS Area Ann Arbor/Washtenaw - A
Lot Size Units Acres
Lot Size Square Feet 21824.0
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 8008.0
Lease Renewal Y/N N
MLS Area Minor Ann Arbor/Washtenaw - A
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 120783
Legal Description *OLD SID - 18 18-055-067-00 SC 5-41A LOT 41 EXC S 50 FT ASSESSOR'S PLAT NO. 4.
Senior Community None
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Interior
Basement Full Slab Walk-Out Access
Basement (Y/N) Y
Heating Y/N Y
Laundry Features Common Area Gas Dryer Hookup In Basement Washer Hookup
Total Baths 0
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Exterior
Parking Features Aggregate Driveway
Lot Features Level
Total Parking 7.0
Lot Size Area 0.5
Number of Buildings 1
Spa N
Lot Dimensions 88 ft x 248 ft
Lot Size Acres 0.5
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 224
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* Excluded Features
List By
Real Estate One Inc

Broker

KMillsRE1@GMail.com

Email

Affordability Calculator

$2,477
Per Month
73%
27%
0%
Monthly Principal & Interest
$1,809
Monthly Property Taxes
$667
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4668917 Elementary School
4664633 Middle School
Saline High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/7/2025$290,000 -6.45% Price Down
10/29/2025$310,000 -6.06% Price Down
9/24/2025$330,000 Listed Price

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224 Monroe Street, Saline, MI, 48176 is a Multi-Family Home for sale at $290,000 with a lot size of 0.5. 224 Monroe Street is a studio with 0.0 baths and was built in 1909. The property's zip code is 48176 which is in Saline, MI

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