957 Park Avenue Lincoln Park, MI $ 235,000
957 Park Avenue
$ 235,000
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957 Park Avenue

Lincoln Park, MI, 48146
$ 235,000
Bedrooms4 Baths4.0 Sq 1,845

Monthly Estimate*

$ 1,484

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Multi-Family Home for sale in Lincoln Park, MI

for $235,000 with 4 bedrooms and 4 full baths. This 1,845 square foot home was built in 1924 on a lot size of 0.19.

Exceptional investment opportunity featuring a fully occupied 4-unit multifamily property with an impressive 11.6% cap rate. Each of the four units offers a comfortable 1-bedroom, 1-bathroom layout, appealing to a broad range of tenants and helping maintain consistent occupancy. The property is currently occupied by long-term, reliable tenants, providing immediate and stable cash flow for the next owner. Situated in a convenient location with easy access to shopping, dining, transportation, and everyday amenities, this property offers both tenant appeal and investment security. The low-maintenance unit layouts and established rental history make this an ideal addition to an experienced investor’s portfolio or an excellent opportunity for those looking to enter the multifamily market. With strong income potential, dependable occupancy, and a proven track record of performance, this turnkey investment property presents an opportunity to acquire a cash-flowing asset from day one. Whether you're seeking portfolio growth, passive income, or a high-yield investment, this fully occupied four-unit property is one you won't want to miss.

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Multi-Family Active

Price

$ 235,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 2,839

Style

Lot Size

0.19

Year Built

1924

Town/City

Lincoln Park

County/Region

Wayne

MLS | Web ID

20261047655

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Other
Pool Features None
Construction Materials AluminumSiding
Pets Allowed Call
Year Built 1924
Levels OneAndOneHalf
Property Subtype MultiFamily
County Wayne
Net Operating Income 27276.0
Operating Expense 9924.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name SUBURBAN PARK SUB
Garage Y/N N
Full Baths 4
Status Active
Directions SOUTH OF SOUTHFIELD EAST OF FORT
City LincolnParkCity_Wayne
Disclosures ActualIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District LincolnPark
Zoning Description Residential
Number Of Units Total 4
MLS Area Area05143LincolnPark
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 4
Land Lease Y/N N
Tax Annual Amount 2839.0
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 39697
Expected Active Date 2026-06-25
Legal Description FC223 LOT 223 SUBURBAN PARK SUB PC 85 92 L29 P46 WCR
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Interior
Basement Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1845.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 4
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Exterior
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 75X108
Lot Size Acres 0.19
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 1 957
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* Excluded Features
List By
Scott T Atkinson

Listing Agent

Concept Realty

Broker

(313) 721-6621

Phone

Affordability Calculator

$1,720
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,484
Monthly Property Taxes
$237
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4909450 Elementary School
4909391 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/25/2026$235,000 Listed Price

Map


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957 Park Avenue, Lincoln Park, MI, 48146 is a Multi-Family Home for sale at $235,000 with 1,845 sqft and a lot size of 0.19. 957 Park Avenue has 4 bedrooms, 4.0 baths, and was built in 1924. The property's zip code is 48146 which is in Lincoln Park, MI