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1518 Hanover Street Lincoln Park, MI $ 260,000
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1518 Hanover Street
$ 260,000
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1518 Hanover Street

Lincoln Park, MI, 48146
$ 260,000
Bedrooms3 Baths3.3 Sq 3,024

Monthly Estimate*

$ 1,642

1518 Hanover Street, Lincoln Park, MI 48146 - Image 1
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1518 Hanover Street, Lincoln Park, MI 48146 - Image 9
1518 Hanover Street, Lincoln Park, MI 48146 - Image 10
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1518 Hanover Street, Lincoln Park, MI 48146 - Image 12
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Multi-Family Home for sale in Lincoln Park, MI

for $260,000 with 3 bedrooms and 3 full baths, 3 half baths. This 3,024 square foot home was built in 2015 on a lot size of 0.19.

3 unit multifamily building, great investment opportunity, 100% leased out with long term tenants in place, each unit features 1-bedroom, living room, dining area & bathroom, on-site laundry available, large parking lot shared between apartments and parking in front, each unit has separate utility meters, except water which is included in rental price, room for rental increases, do not disturb tenants, nice curb appeal, all data apx.

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Multi-Family Active

Price

$ 260,000

Bedrooms

3

Full Bath

3

Half Bath

3

Property Type

Multi-Family

Taxes

$ 5,708

Style

Ranch

Lot Size

0.19

Year Built

2015

Town/City

Lincoln Park

County/Region

Wayne

MLS | Web ID

20261064422
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Cooling WindowUnits
Utilities AboveGroundUtilities
Possession Negotiable
Roof Asphalt
Garage Spaces 0.0
Patio/Porch Features Porch
Architectural Style Ranch
Pool Features None
Construction Materials Brick VinylSiding
Pets Allowed Yes
Year Built 2015
Levels One
Property Subtype MultiFamily
County Wayne
Net Operating Income 26400.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name ELMWOOD HEIGHTS SUB
Garage Y/N N
Rent Includes SnowRemoval Water YardMaintenance
Full Baths 3
Status Active
Directions Southfield to Hanover
City LincolnParkCity_Wayne
Disclosures ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District LincolnPark
Zoning Description MultiFamily
Number Of Units Total 3
MLS Area Area05143LincolnPark
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 3
Land Lease Y/N N
Tax Annual Amount 5708.0
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 165900
Expected Active Date 2026-08-15
Legal Description EA61 EA62* LOT 61 A ND LOT 62 ELMWOOD HEIGHTS SUB PC 50 L35 P31 WCR
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Exterior
Fencing BackYard FencingAllowed
Parking Features Other
Water Source Community
Foundation Details Slab
Spa N
Lot Dimensions IRREG
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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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3024.0
Half Baths 3
Laundry Features None
Above Grade Finished Area Unit Type SquareFeet
Total Baths 6
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Internal Only
Street Number 1 1518
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* Excluded Features
List By
Jeff Glover

Listing Agent

Kw Professionals

Broker

(734) 259-1100

Phone

Affordability Calculator

$2,117
Per Month
78%
22%
0%
Monthly Principal & Interest
$1,642
Monthly Property Taxes
$476
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/14/2026$260,000 Listed Price

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1518 Hanover Street, Lincoln Park, MI, 48146 is a Multi-Family Home for sale at $260,000 with 3,024 sqft and a lot size of 0.19. 1518 Hanover Street has 3 bedrooms, 3.3 baths, and was built in 2015. The property's zip code is 48146 which is in Lincoln Park, MI

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