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Renovated 11-Unit Apartment Building
For Sale
$700,000

98 S Edith St, Pontiac, MI 48342

Eleven-unit apartment building with most units renovated, new PEX plumbing, updated electrical, and renovated heating appliances.

Property SizeContact for details
Days on Market101

Property Features for 98 S Edith St

General Information

Standard status Active
Property subtype Commercial

Additional Details

Multifamily Units 11

Building Details

Year Built 1930
Listing Agency: M77 LLC
Listed By: Brett McKinney
Source: Elliman
Added: Apr 28 Changed: Jul 20 Last Checked: Jul 21 at 9:11AM

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 M77 LLC

Investment Insights

Based on property information with market context.

This 11-unit apartment building is positioned for steady residential income with recent renovations completed. Ten of the 11 units have been fully renovated with new flooring, kitchens, bathrooms, and wall furnaces. The building also features brand new PEX plumbing throughout, updated breaker boxes, and a roof recoated in the fall. Laundry hook-ups are available on site, and all units have separate gas and electric meters. One unit remains un-renovated and is occupied by a long-term Section 8 tenant.

The property is located at 98 S Edith St in Pontiac, MI 48342. Based on the information provided, walking and biking accessibility are rated as somewhat walkable and bikeable.

From a configuration standpoint, the building includes 10 renovated units and 1 un-renovated unit, each supported by separate gas and electric metering. The most recent renovation scope covers interior finishes and key building systems, including plumbing and electrical updates.

Key Highlights

  • 11‑unit apartment building built in 1930 with separate gas and electric meters for all units.
  • 10 of 11 units were fully renovated with new flooring, kitchens, bathrooms, and wall furnaces.
  • Brand new PEX plumbing throughout and updated breaker boxes.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Accounting Firm

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

11
Residential units

Location Intelligence

Trade Area within ½ mile

225
Businesses Nearby

Demographics for 48342, MI

18,685
Population
7,559
Households
2.5
Avg Household Size
33
Median Age
10%
College-Educated
76%
High-School Grad
5.2 sq mi
ZIP Area
3,593
Density / Sq Mi
$33,750
Median Household Income
$29,970
Median Earnings
$851
Median Rent
$90,600
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?
Apartment building - Eleven-unit apartment building with most units renovated, new PEX plumbing, updated electrical, and renovated heating appliances.
Where is this apartment building located?
The property is located at 98 S Edith St Pontiac, MI.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 11‑unit apartment building built in 1930 with separate gas and electric meters for all units.; 10 of 11 units were fully renovated with new flooring, kitchens, bathrooms, and wall furnaces.; Brand new PEX plumbing throughout and updated breaker boxes.
More about this property
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