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389 Osmun Street Pontiac, MI $ 250,000
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$ 250,000 Get more info
389 Osmun Street
$ 250,000
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389 Osmun Street

Pontiac, MI, 48342
$ 250,000
Baths4.0 Sq 1,300

Monthly Estimate*

$ 1,539

389 Osmun Street, Pontiac, MI 48342 - Image 1
389 Osmun Street, Pontiac, MI 48342 - Image 2
389 Osmun Street, Pontiac, MI 48342 - Image 3
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389 Osmun Street, Pontiac, MI 48342 - Image 5
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389 Osmun Street, Pontiac, MI 48342 - Image 7
Studio

Multi-Family Home for sale in Pontiac, MI

for $250,000 with 4 full baths. This 1,300 square foot home was built in 1920 on a lot size of 0.22.

Investment Opportunity in Pontiac Located at 389 Osmun Street, this multi-family property offers a solid investment opportunity with four one-bedroom units. The property is tenant occupied, and two of the four units participate in the Pontiac Lighthouse Program, a government-assisted housing program that provides consistent monthly rental payments. The building has been renovated, offering updated interiors and a new roof. With tenants currently in place, this property presents an opportunity for an investor seeking a stabilized asset in an established rental market. Conveniently situated near downtown Pontiac with access to major roads, shopping, and local amenities. Showings are subject to tenant rights. Pictures are of vacant lower Unit landlord in the process of finding new tenant. All units look the same just different in sizes. Please do not disturb tenants. Measurements are Estimated. BATVI. Inspection available with accepted

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Multi-Family Active

Price

$ 250,000

Bedrooms

Studio

Full Bath

4

Property Type

Multi-Family

Taxes

$ 2,900

Style

Colonial,Upper Lower Apartment

Lot Size

0.22

Year Built

1920

Town/City

Pontiac

County/Region

Oakland

MLS | Web ID

20261002896
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Colonial UpperLowerApartment
Pool Features None
Construction Materials VinylSiding
Pets Allowed No
Year Built 1920
Levels Two
Property Subtype MultiFamily
County Oakland
Net Operating Income 42000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name OSMUN GARDENS 2
Garage Y/N N
Rent Includes Electricity Heat Water
Full Baths 4
Status Active
Directions Martin Luther King to Osmun
City PontiacCity_Oakland
Disclosures ActualIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Pontiac
Zoning Description Commercial MultiFamily
Number Of Units Total 4
MLS Area Area02142Pontiac
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 3
Land Lease Y/N N
Tax Annual Amount 2900.0
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 Tenant
Tax Assessed Value 51000
Expected Active Date 2026-01-15
Legal Description T3N R10E SEC 33 OSMUN GARDENS NO. 2 LOTS 212 & 213
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Interior
Basement Partial Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1300.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 4
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Exterior
Water Source Other
Foundation Details Basement Block
Spa N
Lot Dimensions irregular
Lot Size Acres 0.22
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 1 389
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* Excluded Features
List By
Antonio Rodriguez Wilkes

Listing Agent

Social House Real Estate Group Llc

Broker

(248) 659-7034

Phone

Affordability Calculator

$1,781
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,539
Monthly Property Taxes
$242
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1/15/2026$250,000 Listed Price

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389 Osmun Street, Pontiac, MI, 48342 is a Multi-Family Home for sale at $250,000 with 1,300 sqft and a lot size of 0.22. 389 Osmun Street is a studio with 4.0 baths and was built in 1920. The property's zip code is 48342 which is in Pontiac, MI

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