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Updated Duplex with Basement
For Sale
$139,900

231 W 7th Street, Monroe, MI 48161

Two vacant units support immediate occupancy, leasing, or an owner-occupant arrangement.

Property SizeContact for details
Days on Market11

Property Features for 231 W 7th Street

General Information

Standard status Active
Property subtype Multi Family
Listing Agency: BND Realty
Listed By: Mitchell Petree
Source: Blueowlprop
Added: Aug 21 Changed: Aug 29 Last Checked: Aug 30 at 5:46PM

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 BND Realty

Investment Insights

Based on property information with market context.

This duplex is currently vacant in both units and has received fresh paint, new carpet, and other updates. The lower residence includes private use of the entire basement, while the upper two-bedroom unit provides an oversized attic for storage. Separate gas and electric meters allow utilities to be handled independently between units.

The property offers flexibility for an owner occupant or a landlord placing tenants in both residences. Immediate possession is available, with each unit ready for occupancy following the completed improvements.

Key Highlights

  • Both duplex units are vacant and available for immediate possession
  • Fresh paint, new carpet, and additional updates completed
  • Lower unit includes exclusive access to the full basement

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Home Appliance Store Catering Service Electrical Service Dental Office

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

Location Intelligence

Trade Area within ½ mile

948
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
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Frequently Asked Questions

What type of property is this?
Duplex - Two vacant units support immediate occupancy, leasing, or an owner-occupant arrangement.
Where is this duplex located?
The property is located at 231 W 7th Street Monroe, MI.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Both duplex units are vacant and available for immediate possession; Fresh paint, new carpet, and additional updates completed; Lower unit includes exclusive access to the full basement
More about this property
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