For Sale
80619 Main Street, Memphis, MI
$250,000
MLS # 20261036569 (Realcomp)
Built 18920.51 acres
1 / 22
Listing Description
Great investment opportunity to own a fourplex with strong income potential! This fourplex features two 2-bedroom units and two 1-bedroom units, with two units currently occupied—one renting for $950/month (lower 2 bedroom) and one for $750/month (upper 1 bedroom), both with recently renewed leases. Projected total rental income is approximately $3,400 per month when fully occupied. Each unit is separately metered for electricity, with tenants paying their own utilities, and water is included in rent. Upstairs units offer private balconies, adding tenant appeal. There is a basement with laundry hookups available, along with a rear parking area for tenants. New soffits and gutters (2025). An additional lot behind the parking area provides the opportunity to split and sell or build another home, offering added value and future upside to buyers!
Source: SparkMLS
About this home
Located in Memphis in Memphis, this property offers 4-bath, with original construction dating to 1892.
Asking $250,000.
Annual property taxes run approximately $5,339 ($445/month). 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 SEMCO Energy Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms4
Lot Size0.51 acres
Year Built1892
Location
CityMemphis
CountyMacomb
School DistrictMemphis
Construction & Systems
ConstructionVinyl Siding
BasementMichigan Basement
HeatingForced Air
WaterPublic
Sale & Financing
Listed5/19/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$5,339
State Equalized Value$140,200
Taxable Value$90,990
Parcel #03-02-130-015
Source: Public Records
Legal Description
SUPERVISORS PLAT NO 1; BEING A REPLAT OF CARLTON SABINS ADDITION AND CARLTON SABINS SECOND ADDITION AND A PLAT OF PART OF THE NW 1/4 OF SECTION 2 LOT 30 CITY OF MEMPHIS
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 Brittney Pflueger
Brookstone, Realtors LLC
Frequently Asked Questions about 80619 Main Street, Memphis, MI
What school district is 80619 Main Street, Memphis, MI in?
Per MLS# 20261036569, this property is served by Memphis. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 80619 Main Street, Memphis, MI?
Per MLS# 20261036569, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261036569, the most recent reported annual property tax for 80619 Main Street, Memphis, MI is $5,339. 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.
Is 80619 Main Street, Memphis, MI eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 80619 Main Street, Memphis, MI is in flood zone X (minimal risk). 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: SEMCO Energy Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Macomb County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Principal & interest$1,621
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Utilities
DTE Electric Company
Investor-Owned
SEMCO Energy Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
80619 Main Street, Memphis, MI
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Municipality
Memphis
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