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
Baths4.0 Sq 1,845

Monthly Estimate*

$ 1,484

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Studio

Multi-Family Home for sale in Lincoln Park, MI

for $235,000 with 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

Studio

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

61005833

Features
General
Heating Forced Air
Possession At Close
Water Public Water
Status Active Active
Full Baths 4
Half Baths 0
Bathrooms 4
Year Built 1924
Subdivision Suburban Park Sub MI
Water Heater Gas
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 27276
Ownership Private
Municipality Lincoln Park
Zoning Residential
Sale/Rent For Sale
Status Detail 0
Structure Style 1 1/2 Story
Area Lincoln Park (82143)
Primary City Lincoln Park
Directions SOUTH OF SOUTHFIELD EAST OF FORT
City Lincoln Park
School District Lincoln Park Public Schools
Financial Terms Cash Conventional
Legal Description FC223 LOT 223 SUBURBAN PARK SUB PC 85 92 L29 P46 WCR
DOM 1
Postal Code 48146
Price Per Sq Ft Total AG 127.37
Public Remarks 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
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Interior
Basement Block
Fireplace? No
Total Number of Units 4
Fuel Type Natural Gas
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Exterior
Exterior Aluminum
Frontage 75
Lot Size Area 0.19
Lot Dimensions 75X108
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Scott Atkinson

Listing Agent

Concept Realty

Broker

scottatkinsonsells@gmail.com

Email

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
759599 Elementary School
760157 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 is a studio with 4.0 baths and was built in 1924. The property's zip code is 48146 which is in Lincoln Park, MI