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Monroe Multi-Unit Income Property

3778 N Custer Road Monroe, MI 48162

For Sale

$599,000

MULTI_FAMILY - Monroe, MI

Property size:

5,532 SF

Lot size:

2.19 Acres

Price / SF:

$108/SF

For Sale

$599,000

MULTI_FAMILY - Monroe, MI

Property size:

5,532 SF

Lot size:

2.19 Acres

Price / SF:

$108/SF

Added:: Mar 18, 2026
Days on Market:: 116
Last Refresh:: Jul 11 at 8:06 am

Property Features for 3778 N Custer Road

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 10
Bathrooms: 6
Rooms: Bedroom 8, Bedroom 1, Bedroom 4, Bedroom 9, Bathroom 5, Basement, Bathroom 4, Bathroom 6, Bathroom 3, Bedroom 5, Bedroom 10, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 7, Bathroom 1
Standard status: Active
Size: 5,532 SF
Lot size: 2.19 Acres

Taxes and HOA fees

Tax Annual Amount: 8875

Utilities

Heating system: Forced Air, Wall Furnace, Hot Water(Heating)
Water source: Public

Building Details

Year built: 1917
Number of units: 6

Listing agent Erika Baehr License #6501332078

Listing office Coldwell Banker Haynes R.E. in Monroe 15489 S Telegraph Rd., MI

Listing date Mar 18, 2026

MLS# 50201871 Listing URL

Copyright © 2026 Southeastern Border Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multi-unit property, originally the Woodland Farms homestead, presents a unique investment opportunity. It includes a stand-alone 3-bedroom, 1-bath home with a full basement (Unit 6) and five additional rental units. Units 1-3 have full basements, while Units 4 & 5 offer single-floor living. Units 1-5 have been updated with paint, flooring, kitchens, and bathrooms. Each unit has separate heating and electric, with shared water expenses. Washer/dryer hookups are available in all units, with Units 4 & 5 sharing a utility room. The property features four garage spaces and an attached enclosed office area for additional rental or storage. A 38x175 dairy barn with a loft has new metal siding and an updated roof, offering significant income potential for storage, an event center, housing, or a recreational rental facility. Situated on 2.19 acres, the property provides a peaceful setting with views of the River Raisin and open farmland. It also has direct access to the Heritage Bike Trail. The property size is 5532 square feet. This property is located in Monroe, MI. It is an excellent opportunity for owner-occupancy or income investment.

Key Highlights

Original Woodland Farms homestead—1917‑built multi‑unit property in Monroe
Includes a stand‑alone 3‑bedroom, 1‑bath home with a full basement (Unit 6)
Five additional rental units: Units 1‑3 have full basements; Units 4 & 5 offer single‑floor living

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$88.3k	$15.96
− Vacancy	−$5.1k	−$0.93
EGI	$83.2k	$15.03
− OpEx	−$37.4k	−$6.77
NOI	$45.7k	$8.27

5,532 SF · lease $15.96/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$653.5K

$571.8K – $762.4K (±1% cap)

NOI $45,743 @ 7.0% cap · market cap 7.64%

Second Best

—

no second resolved use

Theoretical Best

Warehouse

$5.71M

$4.99M – $6.66M (±1% cap)

NOI $399,389 @ 7.0% cap · market cap 66.68%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Apartment buildings
MI
Monroe
48162
3778 N Custer Road

What type of property is this?

Apartment building - Multi-unit property with income potential in Monroe, Michigan.

Where is this apartment building located?

The property is located at 3778 N Custer Road Monroe, MI.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: Original Woodland Farms homestead—1917‑built multi‑unit property in Monroe; Includes a stand‑alone 3‑bedroom, 1‑bath home with a full basement (Unit 6); Five additional rental units: Units 1‑3 have full basements; Units 4 & 5 offer single‑floor living

3778 N Custer Road Monroe, MI 48162

MULTI_FAMILY - Monroe, MI

Property Features for 3778 N Custer Road

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Monroe Car Wash Development Opportunity

Two-Unit Duplex Investment

Three-Bedroom Duplex

Spacious Two-Unit Home, Monroe, MI

Occupied Strip Center For Sale

Front-Gable Mixed-Use Building

Prime Car Wash Development Opportunity

Versatile Building in High-Traffic Area

Professional Building in High-Visibility Corridor

Retail Property with Fenced Area

Corner Drive-Thru Commercial Building

Monroe Commercial Building Investment Opportunity

FAQs