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3-Unit Multifamily Property
For Sale
$259,900

15597 Norway Street, Monroe, MI 48161

Multifamily, 2 Story, Monroe Twp, MI

Property Size9,999 SF
Lot Size0.94 Acres
Price / SF$25.99
Days on Market47

Property Features for 15597 Norway Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bedrooms 7
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 6, Bedroom 5, Bathroom 3, Bedroom 7, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 4
Subdivision Evergreen Acres
Elementary school district Monroe
Middle school district Monroe
High school district Monroe
Directions S Telegraph Rd/E Dunbar Rd
Standard status Active
APN 581210503500
Size 9,999 SF
Lot size 0.94 Acres

Taxes and HOA fees

Tax Description MAP 2 EVERGREEN ACRES LOT 37
Tax Annual Amount 3130
Legal Description MAP 2 EVERGREEN ACRES LOT 37

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Floors in Building 2
Number of units 3
Building materials Vinyl
Architectural style Bungalow
Listing Agency: KW Professionals · Keller Williams Realty
Listed By: Jeff Glover · License #6501317808
Added: Aug 31 Changed: Oct 9 Last Checked: Oct 16 at 12:06AM
MLS# 20261069307

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

The 9,999-square-foot multifamily property contains three residences on a 0.94-acre lot. Two units occupy the front structure, each with two bedrooms and one full bathroom. A detached rear home has three bedrooms and one full bathroom. The buildings feature vinyl construction, forced-air heating, and central air conditioning.

A new roof and porch were completed in August 2026. Public water serves the property, which is located on Norway Street in Monroe Township, Michigan.

Key Highlights

  • Three rental units on a 0.94‑acre parcel
  • 9,999 square feet of property
  • Two front residences, each with 2 bedrooms and 1 full bathroom

Property Analytics

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Current Use

Multifamily properties

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Three rental residences include two-bedroom front units and a separate three-bedroom home at the rear.
Where is this multifamily property located?
The property is located at 15597 Norway Street Monroe, MI.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Three rental units on a 0.94‑acre parcel; 9,999 square feet of property; Two front residences, each with 2 bedrooms and 1 full bathroom
More about this property
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