50 Wayne Street Pontiac, MI ^$ 2,000,000

50 Wayne Street

^$ 2,000,000

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Open House 12/12 2pm - 3pm

50 Wayne Street

Pontiac, MI, 48342

^$ 2,000,000

Studio Baths40.0 Sq 26,880

Monthly Estimate*

^$ 12,477

50 Wayne Street, Pontiac, MI 48342 - Image 1

50 Wayne Street, Pontiac, MI 48342 - Image 2

50 Wayne Street, Pontiac, MI 48342 - Image 3

50 Wayne Street, Pontiac, MI 48342 - Image 4

Studio

Multi-Family Home for sale in Pontiac, MI

for $2,000,000 with 40 full baths. This 26,880 square foot home was built in 1920.

*MOTIVATED SELLER* Welcome to your next generational wealth builder. Located in the heart of downtown Pontiac, this impressive 38-unit apartment building is ready for transformation. With fully approved plans and all city and building permits in place, you can close and begin interior work immediately. The project includes $1.9 million in approved grants to significantly reduce your out-of-pocket costs and allow you to reinvest directly into the renovation and future tenants. A rare opportunity in a rapidly growing market. Schedule your showing today. All showings will be held only with appointments, or our open houses/building tours.

Open House

12/12/2025 2:00 PM - 3:00 PM

50 Wayne Street Pontiac, MI

* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

^$ 2,000,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 1,473

Style

Year Built

1920

Town/City

Pontiac

County/Region

Oakland

MLS | Web ID

60953703

Features

General

Heating Baseboard

Possession At Close

Water Public Water

Status Active Active

Full Baths 40

Half Baths 0

Bathrooms 40

Year Built 1920

County Oakland

Class MULTIFAMILY

Type Multi-Family

Net Income 200000

Ownership Private

Municipality Pontiac

Zoning Commercial

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Pontiac (63142)

Primary City Pontiac

Directions Once you get into the city of pontiac - turn onto Wayne St

City Pontiac

School District Pontiac City School District

Financial Terms Cash Conventional

Legal Description PA 146 OF 2000 CERTIFICATE #3-19-0013 12/31/19 - 12/30/31 REFERENCE #14-29-433-003 50 WAYNE ST

DOM 26

Postal Code 48342

Price Per Sq Ft Total AG 74.4

Public Remarks *MOTIVATED SELLER* Welcome to your next generational wealth builder. Located in the heart of downtown Pontiac

Interior

Basement Common Poured

Fireplace? No

Total Number of Units 38

Fuel Type Natural Gas

Exterior

Lot Dimensions 120x141

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Amer Bally

Listing Agent

Icon Realty Experts, Llc

Broker

amer@beallcc.com

Affordability Calculator

$12,600

Per Month

Monthly Principal & Interest: $12,477
Monthly Property Taxes: $123
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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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THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Pontiac, MI

Average List Price ^$427,164

Percent of Sale Price 79%

About Pontiac, MI

59,088 Population

-11% Since 2002

^$30,516 Median Income

35.44 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759574 Elementary School

759453 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/5/2025	$2,000,000	-13.04%	Price Down
11/25/2025	$2,300,000	-14.81%	Price Down
11/16/2025	$2,700,000		Listed Price

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50 Wayne Street, Pontiac, MI, 48342 is a Multi-Family Home for sale at $2,000,000 with 26,880 sqft. 50 Wayne Street is a studio with 40.0 baths and was built in 1920. The property's zip code is 48342 which is in Pontiac, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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50 Wayne Street

Multi-Family Home for sale in Pontiac, MI

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