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17951 Prospect Street Melvindale, MI $ 270,000
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$ 270,000 Get more info
17951 Prospect Street
$ 270,000
Back to search
Share Save

17951 Prospect Street

Melvindale, MI, 48122
$ 270,000
Bedrooms3 Baths3.3 Sq 3,786

Monthly Estimate*

$ 1,662

17951 Prospect Street, Melvindale, MI 48122 - Image 1
17951 Prospect Street, Melvindale, MI 48122 - Image 2
17951 Prospect Street, Melvindale, MI 48122 - Image 3
17951 Prospect Street, Melvindale, MI 48122 - Image 4
17951 Prospect Street, Melvindale, MI 48122 - Image 5
17951 Prospect Street, Melvindale, MI 48122 - Image 6
17951 Prospect Street, Melvindale, MI 48122 - Image 7
17951 Prospect Street, Melvindale, MI 48122 - Image 8

Multi-Family Home for sale in Melvindale, MI

for $270,000 with 3 bedrooms and 3 full baths, 3 half baths. This 3,786 square foot home was built in 1927 on a lot size of 0.53.

Discover this fully leased 3-unit property in the heart of Melvindale, perfect for savvy investors. This property includes two valuable lots, 191 and 192, providing additional potential for future development or expansion. Recent upgrades include a new boiler and hot water heater, ensuring peace of mind for the new owner. Enjoy the convenience of local shopping and easy access to the expressway. The landlord currently covers all utilities, making this a hassle-free investment opportunity. Please note that showings are only available after an offer is accepted, and we ask that you respect the tenants' privacy and do not approach them. For those looking to enhance their investment, two additional lots are also available for sale at $65,000 each. Don't miss this chance to own a well-located, income-generating property in Melvindale.

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Multi-Family Active

Price

$ 270,000

Bedrooms

3

Full Bath

3

Half Bath

3

Property Type

Multi-Family

Taxes

$ 5,800

Style

Colonial

Lot Size

0.53

Year Built

1927

Town/City

Melvindale

County/Region

Wayne

MLS | Web ID

20261018472
Features
General
Sewer SewerAtStreet
Heating Baseboard HotWater NaturalGas Radiant
Possession AtClose
Garage Spaces 0.0
Architectural Style Colonial
Pool Features None
Construction Materials AluminumSiding
Pets Allowed Yes
Year Built 1927
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 36600.0
Operating Expense 5760.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name ALLEN BLVD HEIGHTS SUB
Garage Y/N N
Rent Includes Water
Full Baths 3
Status Active
Directions East of Allen road to Prospect
City MelvindaleCity_Wayne
Disclosures ActualIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District MelvindaleAllenPk
Zoning Description MultiFamily
Number Of Units Total 3
MLS Area Area05142Melvindale
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 3
Land Lease Y/N N
Tax Annual Amount 5800.0
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 211000
Expected Active Date 2026-03-23
Legal Description Lot 191-192 Also the Ely 1/2 adj vac alley allen boulevard heights sub split on 06/16/2025 from 47009020189001
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Interior
Basement Finished WalkOutAccess
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2850.0
Half Baths 3
Below Grade Finished Area 936.0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 6
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Exterior
Water Source WateratStreet
Foundation Details Basement Poured
Spa N
Lot Dimensions 210x109
Lot Size Acres 0.53
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 17951
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* Excluded Features
List By
Alia J Belbeisi

Listing Agent

Max Broock Realtors

Broker

(248) 361-6236

Phone

Affordability Calculator

$2,146
Per Month
77%
23%
0%
Monthly Principal & Interest
$1,662
Monthly Property Taxes
$483
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
4909712 Elementary School
4909521 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/23/2026$270,000 Listed Price

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17951 Prospect Street, Melvindale, MI, 48122 is a Multi-Family Home for sale at $270,000 with 3,786 sqft and a lot size of 0.53. 17951 Prospect Street has 3 bedrooms, 3.3 baths, and was built in 1927. The property's zip code is 48122 which is in Melvindale, MI

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