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    Monroe, MI
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    Monroe, MI Apartment Buildings for Sale

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    Dundee, MI Milan, MI Maybee, MI Mooreville, MI Britton, MI Petersburg, MI Willis, MI Ypsilanti, MI
    Multifamily Property with Barn
    Updated: Mar 18
    Multifamily Property with Barn

    3778 N Custer Road, Monroe, MI 48162

    $599,000
    5,532 sqft 2.19 AC lot
    Year built 1917 multi‑unit property, originally the Woodland Farms homestead
    Includes a stand‑alone 3‑bedroom, 1‑bath home with a full basement plus five additional rental units (Units 1‑5)
    Units 1‑5 have recently updated paint, flooring, kitchens, and bathrooms
    Separate heating and electric for all units; shared water expenses; washer/dryer hook‑ups in all units
    Four garage spaces plus an attached enclosed office area for additional rental or storage
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    This listing looks promising.

    Here's a quick look at some key insights for

    3778 N Custer Road, Monroe, MI 48162

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    • Est. Cap Rate

      7.6%
      Above avg (5.9%)

    • Est. NOI

      $46K
      Annual

    • Price @ 7% Cap

      $653K
      Above asking

    • Property Type

      Single Family Residence
      Built 1918
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    Monroe Multi-Unit Investment Opportunity
    Updated: Apr 27
    Monroe Multi-Unit Investment Opportunity

    3778 N. Custer Rd, FrenchtownTownship_, Monroe, MI 48162

    $599,000
    Significant income potential from six rental units plus garage/office space and large dairy barn.
    Recently updated units with new paint, flooring, kitchens, and bathrooms.
    Original 38x175 dairy barn with loft, featuring new metal siding and an updated roof, offering diverse usage possibilities.
    Direct access to the newly extended Heritage Bike Trail.
    Separate heating and electric for all units.
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    Apartment Portfolio Investment
    Apartment Portfolio Investment

    423 Washington Street, Monroe, MI 48162

    Contact for pricing

    Two well-maintained multifamily properties totaling 74 units across 1929 and 1969 buildings with multiple studio and bedroom layouts.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Monroe, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Apartment Building with Parking Lot
    Apartment Building with Parking Lot

    5311 N. Detroit, Toledo, OH 43612

    Contact for pricing
    13,464 sqft

    Apartment building near downtown Toledo with parking lot space for residents and visitors, and a permitted use schedule available.

    View details
    Ranch Condo with Finished Basement
    Ranch Condo with Finished Basement

    4725 Leisure, Trenton, MI 48183

    $137,900
    1,101 sqft

    Two-bedroom condo with finished basement, patio, and carport.

    View details
    Corner Building with Apartments
    Corner Building with Apartments

    3201 Warsaw Street, Toledo, OH 43608

    $49,900
    0.08 AC lot

    Commercial building with apartments and former storefront for sale.

    View details
    Value-Add 14-Unit Apartment Complex
    Value-Add 14-Unit Apartment Complex

    4910 Lewis Ave, Toledo, OH 43612

    Contact for pricing

    Well-maintained 14-unit complex is 100% occupied with rents below the market rate.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details
    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

    View details

    Monroe, MI Apartment Buildings Market Trends and Statistics

    Explore 3 apartment buildings for sale in Monroe, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 5,532 square feet of properties for sale, with an estimated market value of $1,198,000.

    Sale prices for two-family homes in Monroe, MI average $599,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 55K
    Population Growth (5Y) +1.0%
    Median Household Income $67,210
    College Educated 29.4%

    High-Yield Neighborhoods for Investment

    Identify Monroe submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48161 $159K
    48162 $599K

    Taxes & Financing

    Tax Rate (average for all types) 4.28%
    Property Tax per SF $88.57 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Monroe County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Monroe fall within the 50,000 to 100,000 square foot range.

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