For Sale
156 Mark Avenue, Pontiac, MI 48341
$279,900
MLS # 20261029786 (Realcomp)
Built 19310.14 acres
1 / 8
Listing Description
Fantastic investment opportunity with this solid brick triplex in Pontiac, conveniently located near Telegraph and Elizabeth Lake Rd. The property includes two spacious 2-bedroom units, both currently occupied by Section 8 tenants paying $1,250 and $1,207 per month. The third unit is a vacant basement studio with egress, offering an estimated rental potential of $750 per month.With all three units rented, the property has the potential to generate approximately $3,207 in monthly income, delivering an attractive projected cap rate of 11%. Additional features include a two-car garage for added tenant convenience.Showings are available upon accepted offer only.
Source: SparkMLS
About this home
This 3-bath home built in 1931 sits in Pontiac in Pontiac.
Currently offered at $279,900.
Estimated annual property tax: $3,159, or about $263 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeMulti Family
Bathrooms3
Lot Size0.14 acres
Year Built1931
Location
CityPontiac
MunicipalityPontiac
Zip Code48341
CountyOakland
School DistrictPontiac
Construction & Systems
ConstructionBrick
HeatingBaseboard, Hot Water
WaterPublic
Sale & Financing
Listed4/29/2026
Original Price$299,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$3,159
State Equalized Value$60,400
Taxable Value$54,350
Parcel #1430427002
Source: Public Records
Legal Description
T3N, R10E, SEC 30 BAGLEY AND MANN PART OF LOTS 4 & 5 BEG AT PT LOC ON E SIDE OF MARK AVE & DIST S 250 FT FROM INTERSEC OF S LINE OF ELIZABETH LK RD & SD E LINE OF MARK AVE, TH S 40 FT, TH E 150 FT, TH N 40 FT, TH W 150 FT TO BEG
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Michael Cash
National Realty Centers, Inc
Frequently Asked Questions about 156 Mark Avenue, Pontiac, MI 48341
Which school district serves 156 Mark Avenue, Pontiac, MI 48341?
Per MLS# 20261029786, 156 Mark Avenue, Pontiac, MI 48341 is in the Pontiac boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Pontiac directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 20261029786, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 156 Mark Avenue, Pontiac, MI 48341?
Per public tax records, annual property taxes for this property are $3,159. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 156 Mark Avenue, Pontiac, MI 48341 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 156 Mark Avenue, Pontiac, MI 48341 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 156 Mark Avenue, Pontiac, MI 48341?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Loading map...
Mortgage Calculator
$
%
$
$
$
Monthly payment$1,815
Principal & interest$1,815
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
156 Mark Avenue, Pontiac, MI 48341
View full property history →
Municipality
Pontiac
View all listings →
County
Oakland County
View county overview →
Get email alerts for new listings near 156 Mark Avenue
We'll notify you when something hits the market in Pontiac or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.