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50 Wayne Street Pontiac, MI $ 2,000,000
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$ 2,000,000 Get more info
50 Wayne Street
$ 2,000,000
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Open House 12/12 2pm - 3pm
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50 Wayne Street

Pontiac, MI, 48342
$ 2,000,000
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.

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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

40

Property Type

Multi-Family

Taxes

$ 1,473

Style

High Rise

Year Built

1920

Town/City

Pontiac

County/Region

Oakland

MLS | Web ID

20251054304
Features
General
Sewer PublicSewer
Heating Baseboard NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style HighRise
Pool Features None
Construction Materials Block
Pets Allowed Yes
Year Built 1920
Levels Story4to10
Property Subtype MultiFamily
County Oakland
Net Operating Income 200000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N N
Full Baths 40
Status Active
Directions Once you get into the city of pontiac - turn onto Wayne St
City PontiacCity_Oakland
Disclosures ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Pontiac
Zoning Description Commercial
Number Of Units Total 38
MLS Area Area02142Pontiac
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 0
Land Lease Y/N N
Tax Annual Amount 1473.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 60780
Expected Active Date 2025-11-16
Legal Description PA 146 OF 2000 CERTIFICATE #3-19-0013 12/31/19 - 12/30/31 REFERENCE #14-29-433-003 50 WAYNE ST
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Interior
Basement Common Full Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 26880.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 40
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Exterior
Water Source Public
Foundation Details Basement Poured
Spa N
Lot Dimensions 120x141
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 50
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* Excluded Features
List By
Amer Bally

Listing Agent

Icon Realty Experts, Llc

Broker

(586) 945-3424

Phone

Affordability Calculator

$12,600
Per Month
99%
1%
0%
Monthly Principal & Interest
$12,477
Monthly Property Taxes
$123
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
848877 Elementary School
847985 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/5/2025$2,000,000 -13.04% Price Down
11/25/2025$2,300,000 -14.81% Price Down
11/17/2025$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

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