Multi-Family: MLS #20261021821 Lapeer, MI $ 204,900
Multi-Family: MLS #20261021821
$ 204,900
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Multi-Family: MLS #20261021821

Lapeer, MI, 48446
$ 204,900
Baths2.1 Sq 1,517

Monthly Estimate*

$ 1,262

MLS #/Web ID: 20261021821 - Image 1
Studio

Multi-Family Home for sale in Lapeer, MI

for $204,900 with 2 full baths, 1 half bath. This 1,517 square foot home was built in 1860 on a lot size of 0.24.

Wonderful 2 unit Investment in the City of Lapeer. Sellers have maintained this duplex during their Ownership, as well as long term Tenants that take pride where they live! Good cash flow investment, and central location to downtown, schools, parks, shopping. Several recent updates in the prev few years, including 2 new HWH Oct 2025. Current Certified Rental permit/City of Lapeer. Unit 1 on ground floor has complete new bathroom Sept 2025. Interior(s) of ea unit have been updated over the prev 10 +/- yrs. Detached Garage. Asphalt driveway. Tenants have existing Lease(s) that can be reviewed upon accepted offer. Cash/ Conv-Purchase is subjerct to existing Leases. All showings are by appointment only with 24 hr notice. No Virtual showings- Licensed Agent Must physically accompany clients for all showings. Seller(s) have never occupied the property. All measurements and data of structure, sq footage, year built are estimated or per public records, and are not deemed accurate by the Seller(s) or Agent . Buyer/Agent is responsible to verify independantly. No Land Contract terms or offer will be considered.

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Multi-Family Active

Price

$ 204,900

Bedrooms

Studio

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 2,913

Style

Duplex

Lot Size

0.24

Year Built

1860

Town/City

Lapeer

County/Region

Lapeer

MLS | Web ID

20261021821

Features
General
Sewer PublicSewer SeparateMeters
Heating ForcedAir NaturalGas SeparateMeters
Utilities AboveGroundUtilities CableAvailable
Possession AtClose
Roof Asphalt
Garage Spaces 0.0
Patio/Porch Features Covered Deck Porch
Architectural Style Duplex
Pool Features None
Construction Materials VinylSiding
Pets Allowed Yes
Year Built 1860
Levels OneandOneHalf
Property Subtype MultiFamily
County Lapeer
Net Operating Income 17700.0
Operating Expense 7500.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name CITY OF LAPEER ORIGINAL
Garage Y/N Y
Rent Includes MaintenanceOnSite Sewer SnowRemoval TrashCollection Water YardMaintenance
Full Baths 2
Status Active
Directions From Genesee St or Nepessing St- Go N- 1st house S of Oregon- W side of Road
City LapeerCity_Lapeer
Disclosures ConformstoZoning LegalRentalCertified NoInventoryListAvailable ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Lapeer
Zoning Description MultiFamily
Number Of Units Total 2
MLS Area Area09132Lapeer
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 2913.0
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 60902
Expected Active Date 2026-04-03
Legal Description CITY OF LAPEER ORIGINAL PLAT NE 1/4 PART OF LOTS 7 AND 8 BLOCK 4; COM 60 FT S OF NE COR OF BLK 4 ON W LN OF SAGINAW ST TH W AT R ANGL WITH SAG. ST 120 FT TO W LINE OF LOT 7 TH S'LY PAR WITH SAG. S
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Interior
Basement InteriorEntry Partial Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1517.0
Half Baths 1
Laundry Features InUnit
Above Grade Finished Area Unit Type SquareFeet
Total Baths 3
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Exterior
Exterior Amenities Awnings Lighting PrivateEntrance
Parking Features Garage Paved
Water Source Public SeparateMeters
Total Parking 2.0
Foundation Details Basement Block CrawlSpace MichiganBasement Stone
Spa N
Lot Dimensions 88 x 120
Lot Size Acres 0.24
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 1 677
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* Excluded Features
List By
Larraine M Edwards

Listing Agent

Dls Realty

Broker

(810) 664-8105

Phone

Affordability Calculator

$1,504
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,262
Monthly Property Taxes
$243
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
848237 Elementary School
848528 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/3/2026$204,900 Listed Price

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