Apartment Portfolio
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Pending
423 Washington Street, Monroe, MI 48162
Two well-maintained multifamily properties totaling 74 units across 1929 and 1969 buildings with multiple studio and bedroom layouts.
Property SizeContact for details
Days on Market118
Property Features for 423 Washington Street
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
Income Property Organization
Listed By:
Greg Coulter · License #MI 6505297156
Source:
Crexi
Added: Apr 14
Changed: Jul 21
Last Checked: Aug 7 at 7:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Income Property Organization
Investment Insights
Based on property information with market context.
This offering includes two well-maintained multifamily communities. 423 Washington Apartments was built in 1929 and contains 18 units, including 2 studio units and 16 one-bedroom units. Appleton Ridge Apartments was built in 1969 and contains 56 units, including 1 one-bedroom unit and 55 two-bedroom units.
Both properties are described as quiet residential communities. 423 Washington Apartments is located at the intersection of E. 5th Street and Washington Road. Appleton Ridge Apartments is located at the intersection of W. Lorain Street and John Anderson Court.
The common-area utilities are managed by the landlord at 423 Washington Apartments for water, gas, and electric, while tenants are responsible for their own electric. For Appleton Ridge Apartments, the landlord is responsible for water and electric in common areas, with tenants responsible for their own gas and electric.
Both properties are described as quiet residential communities. 423 Washington Apartments is located at the intersection of E. 5th Street and Washington Road. Appleton Ridge Apartments is located at the intersection of W. Lorain Street and John Anderson Court.
The common-area utilities are managed by the landlord at 423 Washington Apartments for water, gas, and electric, while tenants are responsible for their own electric. For Appleton Ridge Apartments, the landlord is responsible for water and electric in common areas, with tenants responsible for their own gas and electric.
Key Highlights
- Two well‑maintained multifamily properties totaling 74 units
- 423 Washington Apartments built in 1929 with 18 units, including 2 studios (~418 SF) and 16 one‑bedrooms (~606 SF)
- 423 Washington Apartments landlord pays water, gas, and electric in common areas; tenants pay their own electric
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
989
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Demographics for 48162, MI
29,156
Population
12,698
Households
2.3
Avg Household Size
43
Median Age
24%
College-Educated
91%
High-School Grad
57.5 sq mi
ZIP Area
507
Density / Sq Mi
$68,801
Median Household Income
$41,678
Median Earnings
$912
Median Rent
$192,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two well-maintained multifamily properties totaling 74 units across 1929 and 1969 buildings with multiple studio and bedroom layouts.
Where is this apartment building located?
The property is located at 423 Washington Street Monroe, MI.
What are key features of this property?
This property features: Two well‑maintained multifamily properties totaling 74 units; 423 Washington Apartments built in 1929 with 18 units, including 2 studios (~418 SF) and 16 one‑bedrooms (~606 SF); 423 Washington Apartments landlord pays water, gas, and electric in common areas; tenants pay their own electric
