Under Contract
926 E Front Street, Monroe, MI 48161
$799,000
MLS # 50180653 (MiRealSource)
Built 18830.61 acres
1 / 44
Listing Description
Rare investment opportunity! This fully occupied 10-unit apartment property spans four distinct buildings on a single lot, ideally located at the corner of E Front St and Kentucky Ave. Just steps from a park and tennis courts. Built in 1883 and thoughtfully updated, the property offers a mix of 1, 2, and 3-bedroom units, all with 1 bathroom, plus a shared coin-operated laundry. Recent renovations include new roofing, luxury vinyl plank flooring, updated water heaters, key-code entry locks, and interior upgrades throughout most units. Tenants are on one-year leases, with a strong rental history and consistent on-time payments. Current gross income is approx. $116,000/year (including laundry) with a pro forma potential of $121,000/year. Estimated annual expenses are approx. $26,000, with a current net operating income of about $90,000 and a cap rate near 10% at the asking price. Don’t miss this chance to own a stabilized, income-producing multifamily property with upside potential in the heart of Monroe!
Source: SparkMLS
About this home
10-bath home in Monroe in Monroe built in 1883.
Listed at $799,000.
Broadband is available with download speeds up to 1,200 Mbps from 8 providers. Electric service is provided by DTE Electric Company; natural gas by Michigan Gas Utilities Corporation.
Tour
Listing Property Details
Property TypeMulti Family
Bathrooms10
Lot Size0.61 acres
Year Built1883
Location
CityMonroe
MunicipalityMonroe City
Zip Code48161
CountyMonroe
Construction & Systems
HeatingForced Air
Sale & Financing
Listed7/2/2025
Original Price$840,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Parcel #55-49-01491-000
Source: SparkMLS
Legal Description
LOT BOUND NORTH BY FRONT ST; EAST BY CITY OF MONROE; SOUTH BY ILGENFRITZ; WEST BY PITOCK BEING 128 FT ON FRONT ST & 203 FT IN DEPTH IN PC 500 ALSO DESCRIBED AS; COMM 939.41 FT S 48D 44M 54S FROM THE INTERSECTION OF THE SOUTH LINE OF EAST FRONT STREET AND THE EAST LINE OF JEROME STREET; PRECEEDING THENCE SOUTH 48 DEGREES 44 MINUTES 54 SECONDS EAST 139.11FT; TH S 32D 53M 16S W 205.58FT; TH N 53D 50M
Property Records
USDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jacob Levicki
Real Estate One Monroe
Frequently Asked Questions about 926 E Front Street, Monroe, MI 48161
Can I use FHA or VA financing for this property?
Per MLS# 50180653, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
Is 926 E Front Street, Monroe, MI 48161 eligible for USDA financing?
Per USDA Rural Development boundary data, 926 E Front Street, Monroe, MI 48161 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is fiber internet available at 926 E Front Street, Monroe, MI 48161?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 926 E Front Street, Monroe, MI 48161. The maximum advertised download speed is 1.2 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Michigan Gas Utilities Corporation. 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. Monroe County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Monthly payment$5,182
Principal & interest$5,182
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Internet
Download
1.2 Gbps
Upload
35 Mbps
CableLicensed Fixed WirelessGSO SatelliteUnlicensed Fixed WirelessSatelliteDSL
8 providers at this address
XfinityCable
1.2 GbpsVerizonLicensed Fixed Wireless
300 MbpsStarlinkGSO Satellite
280 MbpsMercury FiberUnlicensed Fixed Wireless
150 MbpsHughesNetSatellite
100 MbpsViasat IncSatellite
100 MbpsAT&TDSL
50 MbpsT-MobileLicensed Fixed Wireless
0 MbpsFCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
926 E Front Street, Monroe, MI 48161
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Municipality
Monroe
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County
Monroe County
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