231 W 7th Street Monroe, MI ^$ 149,900

231 W 7th Street

^$ 149,900

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231 W 7th Street

Monroe, MI, 48161

^$ 149,900

Bedrooms3 Baths2.0 Sq 1,630

Monthly Estimate*

^$ 946

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Multi-Family Home for sale in Monroe, MI

for $149,900 with 3 bedrooms and 2 full baths. This 1,630 square foot home was built in 1903 on a lot size of 0.14.

Turnkey duplex with projected gross rental income of approximately **$23,400 per year ($1,950/month)**. Both units are vacant, giving the new owner the opportunity to immediately place tenants at market rents or owner occupy one unit while generating rental income from the other. **Immediate possession means you can begin generating rental income without waiting for existing leases to expire.** Fresh paint, new carpet, and numerous updates make this property move-in and rent-ready. Separate gas and electric meters simplify tenant utility responsibilities. The spacious lower unit includes exclusive access to the full basement, while the upper 2-bedroom unit features an oversized attic offering exceptional storage space.

Multi-Family Active

Price

^$ 149,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,994

Style

Lot Size

0.14

Year Built

1903

Town/City

Monroe

County/Region

Monroe

MLS | Web ID

50213050

Features

General

Heating Forced Air

Cooling Ceiling Fan(s)

Possession At Close

Water Public Water

Appliances Range/Oven Refrigerator

Status Active Active

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1903

Parking On Street

Subdivision Curtis & Wilson - Monroe City MI

Water Heater Gas

County Monroe

Class MULTIFAMILY

Type Multi-Family

Ownership LLC

Municipality Monroe

Sale/Rent For Sale

Status Detail 0

Flood Insurance Not Required

Structure Style 2 Story

Area Monroe (58026)

Primary City Monroe

Location Corner Lot

Directions Located on SE corner of W 7th and Smith

City Monroe

School District Monroe Public Schools

Financial Terms Cash Conventional

Legal Description CURTIS AND WILSON PLAT PART OF LOTS 23 & 24 DESC AS COMM AT NWLY COR OF LOT 23 AS POB

DOM 45

Postal Code 48161

Price Per Sq Ft Total AG 91.96

Public Remarks Turnkey duplex with projected gross rental income of approximately **$23 400 per year ($1 950/month)**. Both units are vacant

Interior

Basement Block

Beds 3

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Aluminum

Exterior Amenities Porch Exterior Balcony

Flood Plan None

Lot Size Area 0.14

Lot Dimensions 6098.4 Sq Feet

Waterfront Y/N No

* Excluded Features

List By

Mitchell Petree

Listing Agent

Bnd Realty

Broker

mpetree@foureight161.com

Affordability Calculator

$1,279

Per Month

Monthly Principal & Interest: $946
Monthly Property Taxes: $333
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Monroe, MI

Average List Price ^$184,945

Percent of Sale Price 23%

About Monroe, MI

20,059 Population

-7% Since 2002

^$43,524 Median Income

37.98 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1521890 Elementary School

1521887 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/30/2026	$149,900	-9.10%	Price Down
7/21/2026	$164,900	-2.94%	Price Down
7/7/2026	$169,900	-5.56%	Price Down
6/27/2026	$179,900		Listed Price

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231 W 7th Street, Monroe, MI, 48161 is a Multi-Family Home for sale at $149,900 with 1,630 sqft and a lot size of 0.14. 231 W 7th Street has 3 bedrooms, 2.0 baths, and was built in 1903. The property's zip code is 48161 which is in Monroe, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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231 W 7th Street

Multi-Family Home for sale in Monroe, MI

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