For Sale
957 Park Avenue, Lincoln Park, MI 48146
$225,000
MLS # 20261047655 (Realcomp)
Built 19240.19 acres
1 / 35
Listing Description
Exceptional investment opportunity featuring a fully occupied 4-unit multifamily property with an impressive 11.6% cap rate. Each of the four units offers a comfortable 1-bedroom, 1-bathroom layout, appealing to a broad range of tenants and helping maintain consistent occupancy. The property is currently occupied by long-term, reliable tenants, providing immediate and stable cash flow for the next owner. Situated in a convenient location with easy access to shopping, dining, transportation, and everyday amenities, this property offers both tenant appeal and investment security. The low-maintenance unit layouts and established rental history make this an ideal addition to an experienced investor’s portfolio or an excellent opportunity for those looking to enter the multifamily market.With strong income potential, dependable occupancy, and a proven track record of performance, this turnkey investment property presents an opportunity to acquire a cash-flowing asset from day one. Whether you're seeking portfolio growth, passive income, or a high-yield investment, this fully occupied four-unit property is one you won't want to miss.
Source: SparkMLS
About this home
4-bath home in Lincoln Park in Lincoln Park built in 1924.
Asking $225,000.
Annual property taxes run approximately $2,839 ($237/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 DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms4
Lot Size0.19 acres
Year Built1924
Location
CityLincoln Park
MunicipalityLincoln Park City
Zip Code48146
CountyWayne
School DistrictLincoln Park
Construction & Systems
ConstructionAluminum Siding
HeatingForced Air
WaterPublic
Sale & Financing
Listed6/24/2026
Original Price$235,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,839
Parcel #45008030223000
Source: SparkMLS
Legal Description
FC223 LOT 223 SUBURBAN PARK SUB PC 85,92 L29 P46 WCR
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Scott T Atkinson
Concept Realty
Frequently Asked Questions about 957 Park Avenue, Lincoln Park, MI 48146
What school district is 957 Park Avenue, Lincoln Park, MI 48146 in?
Per MLS# 20261047655, this property is served by Lincoln Park. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 957 Park Avenue, Lincoln Park, MI 48146?
Per MLS# 20261047655, 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# 20261047655, the most recent reported annual property tax for 957 Park Avenue, Lincoln Park, MI 48146 is $2,839. 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 957 Park Avenue, Lincoln Park, MI 48146 eligible for USDA financing?
Per USDA Rural Development boundary data, 957 Park Avenue, Lincoln Park, MI 48146 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 957 Park Avenue, Lincoln Park, MI 48146 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: DTE 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. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Monthly payment$1,459
Principal & interest$1,459
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
957 Park Avenue, Lincoln Park, MI 48146
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Municipality
Lincoln Park
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County
Wayne County
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