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Three-Unit Rental Property
New
For Sale
$274,900

15597 Norway Street, Monroe, MI 48161

Three residential units include a vacant apartment and two tenant-occupied homes.

Property Size9,999 SF
Days on Market4

Property Features for 15597 Norway Street

General Information

Standard status Active
Size 9,999 SF
Property subtype Multi Family

Units

Unit Mix 2 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $3,130

Building Details

Building Size 9,999 SF
Listing Agency: KW Professionals
Listed By: Jeff Glover · License #6501317808
Source: Cen21allstar
Added: Aug 31 Changed: Sep 1 Last Checked: Sep 2 at 1:10PM

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 KW Professionals

Investment Insights

Based on property information with market context.

This three-unit residential property includes two separate front units and a single-family residence at the rear. Each front unit has two bedrooms and one full bathroom, while the rear home provides three bedrooms and one full bathroom. One front unit is vacant, and the other front unit is occupied. The rear residence has been occupied by the same tenant for more than 10 years.

Property improvements include a new roof and a new porch completed in August 2026. The configuration combines two apartment-style units with a separate rear home on one lot, offering distinct residential spaces within a single multifamily asset.

Key Highlights

  • Three rental units on one lot
  • Two front units with 2 bedrooms and 1 full bathroom each
  • Rear home includes 3 bedrooms and 1 full bathroom

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Restaurant Hair Salon Kitchen & Bath Showroom Electrical Service Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

195
Businesses Nearby

Demographics for 48161, MI

26,571
Population
12,015
Households
2.2
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
44.8 sq mi
ZIP Area
593
Density / Sq Mi
$65,517
Median Household Income
$40,184
Median Earnings
$955
Median Rent
$173,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three residential units include a vacant apartment and two tenant-occupied homes.
Where is this triplex located?
The property is located at 15597 Norway Street Monroe, MI.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Three rental units on one lot; Two front units with 2 bedrooms and 1 full bathroom each; Rear home includes 3 bedrooms and 1 full bathroom
More about this property
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