Welcome to an incredible opportunity to acquire a cash-flowing, Waterfront multi-family property on Highland Road in Highland Township. The property features 8 apartment units spread across 2 buildings. This well-maintained asset includes:
(5) 1-Bedroom / 1 Bath Units,
(3) Studio Units.
Each unit has its own private entrance and full bathroom, with recent upgrades including:
Fresh interior and exterior paint, new flooring, newer roof (2021), new signage, new water filtration, new electrical service, and many additional updates included.
The on-site parking lot, individual electrical meters, and low utility costs make this property manageable. The property is 100% occupied, grossing each month, and includes several long-term tenants and leases extending until 2026. Interior showings only after accepted offer.
Sold for $775,000
$775,000
1298 E Highland Rd, Highland, MI 48356
5beds
2,863sqft
Multi Family
Built in 1974
-- sqft lot
$796,200 Zestimate®
$271/sqft
$1,784 Estimated rent
Home value
$796,200
$748,000 - $852,000
$1,784/mo
Zestimate® history
Owner options
List your home for rent
$1,784/mo
Rent Zestimate®
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$1,784/mo
Rent Zestimate®
Refinance and save
$5,069/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$5,069/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Claudio Meroli 248-250-2937,
R2M Realty
Bought with:
Unidentified Agent
Unidentified Office
Source: Realcomp II,MLS#: 20250030561
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 8
- Full bathrooms: 8
Heating
- ENERGYSTAR Qualified Furnace Equipment, Forced Air, Natural Gas
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 2,863 sqft
- Finished area above ground: 2,863
Property
Parking
- Parking features: Parking Lot, Paved
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 3.68 Acres
Details
- Parcel number: 1123304002
- Zoning description: Commercial, MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family
Materials
- Block, Vinyl Siding, Wood Siding
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1974
- Major remodel year: 1974
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Location
- Region: Highland
Financial & listing details
- Price per square foot: $271/sqft
- Tax assessed value: $140,860
- Annual tax amount: $7,164
- Date on market: 5/13/2025
- Cumulative days on market: 65 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2025 | Pending sale | $849,900+9.7%$297/sqft |
Source:  Realcomp II #20250030561 Report a problem | ||
| 9/2/2025 | Sold | $775,000-8.8%$271/sqft |
Source: Realcomp II #20250030561 Report a problem | ||
| 5/13/2025 | Price change | $849,900+54.5%$297/sqft |
Source: Realcomp II #20250030561 Report a problem | ||
| 9/1/2023 | Pending sale | $550,000+4.8%$192/sqft |
Source: Realcomp II #20230010629 Report a problem | ||
| 8/31/2023 | Sold | $525,000-4.5%$183/sqft |
Source: Realcomp II #20230010629 Report a problem | ||
| 7/11/2023 | Price change | $550,000-7.6%$192/sqft |
Source: Realcomp II #20230010629 Report a problem | ||
| 6/2/2023 | Price change | $595,000-4.8%$208/sqft |
Source: Realcomp II #20230010629 Report a problem | ||
| 5/17/2023 | Price change | $625,000-3.8%$218/sqft |
Source: Realcomp II #20230010629 Report a problem | ||
| 4/28/2023 | Price change | $650,000-3.7%$227/sqft |
Source: Realcomp II #20230010629 Report a problem | ||
| 2/15/2023 | Price change | $675,000+13.4%$236/sqft |
Source: Realcomp II #20230010629 Report a problem | ||
| 4/16/2022 | Pending sale | $595,000$208/sqft |
Source:  MichRIC #21119480 Report a problem | ||
| 1/31/2022 | Listed for sale | $595,000$208/sqft |
Source: MichRIC #21119480 Report a problem | ||
| 12/31/2021 | Pending sale | $595,000$208/sqft |
Source: MichRIC #21119480 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 48356
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Nearby schools
GreatSchools rating
- 5/10Highland Elementary SchoolGrades: K-5Distance: 1.2 mi
- 8/10Milford High SchoolGrades: 7-12Distance: 2.2 mi
- 8/10Muir Middle SchoolGrades: 5-8Distance: 3.3 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$796,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$796,200
- Michigan
- Oakland County
- Highland
- 48356
- 1298 E Highland Rd
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