15597 Norway Street Monroe, MI ^$ 274,900

15597 Norway Street

^$ 274,900

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15597 Norway Street

Monroe, MI, 48161

^$ 274,900

Studio Baths3.0 Sq 9,999

Monthly Estimate*

^$ 1,736

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Studio

Multi-Family Home for sale in Monroe, MI

for $274,900 with 3 full baths. This 9,999 square foot home was built on a lot size of 0.94.

Excellent investment opportunity featuring 3 total rental units on one lot. The front property consists of two separate units, each offering 2 bedrooms and 1 full bathroom, while the rear single-family home features 3 bedrooms and 1 full bathroom. Unit 1 is currently vacant and ready for a new tenant or owner occupancy. Unit 2 is tenant-occupied and currently rents for 750/month. The rear home, Unit 3, is occupied by a long-term tenant of more than 10 years and currently rents for 650/month. Recent improvements include a new roof and new porch completed in August 2026. With multiple units, existing rental income, and additional income potential from the vacant unit, this property offers a great opportunity to add to an investment portfolio. Schedule a showing today! BTVAI

Multi-Family Active

Price

^$ 274,900

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,130

Style

Bungalow

Lot Size

0.94

Town/City

Monroe

County/Region

Monroe

MLS | Web ID

61026201

Features

General

Heating Forced Air

Cooling Central A/C

Possession Negotiable (Possession)

Water Public Water

Status Active Active

Full Baths 3

Half Baths 0

Bathrooms 3

Year Built 9999

Parking On Street

Subdivision Evergreen Acres MI

Style Bungalow

County Monroe

Class MULTIFAMILY

Type Multi-Family

Net Income 18000

Ownership Private

Municipality Monroe Twp

Zoning Residential

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Monroe Twp (58012)

Primary City Monroe

Directions S Telegraph Rd/E Dunbar Rd

City Monroe

School District Monroe Public Schools

Financial Terms Cash Conventional

Legal Description MAP 2 EVERGREEN ACRES LOT 37

DOM 1

Postal Code 48161

Price Per Sq Ft Total AG 27.49

Public Remarks Excellent investment opportunity featuring 3 total rental units on one lot. The front property consists of two separate units each offering 2 bedrooms and 1 full bathroom

Exterior

Exterior Vinyl Siding

Lot Size Area 0.94

Lot Dimensions 89X135

Roads Paved Street

Waterfront Y/N No

Interior

Fireplace? No

Total Number of Units 3

Fuel Type Natural Gas

* Excluded Features

List By

Jeff Glover

Listing Agent

Kw Professionals

Broker

adminteam@gloveragency.com

Affordability Calculator

$1,997

Per Month

Monthly Principal & Interest: $1,736
Monthly Property Taxes: $261
Monthly Home Insurance: --

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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 ^$198,697

Percent of Sale Price 28%

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
8/31/2026	$274,900		Listed Price

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15597 Norway Street, Monroe, MI, 48161 is a Multi-Family Home for sale at $274,900 with 9,999 sqft and a lot size of 0.94. 15597 Norway Street is a studio with 3.0 baths. 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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15597 Norway Street

Multi-Family Home for sale in Monroe, MI

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