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For sale
  • $116,000

    1636 Peters St, Monroe, MI 48161

    2beds
    1,092sqft
    : 
    $870/mo
    Get pre-qualified
    Multi Family
    Built in 1942
    -- sqft lot
    $114,400 Zestimate®
    $106/sqft
    $-- HOA

    What's special

    Updated flooringNew exterior doorsBeautifully remodeled full kitchen
    Great Investment Opportunity in Monroe! This duplex offers an excellent opportunity for investors or owner-occupants looking to offset their housing costs with rental income. Both units are currently occupied, providing immediate income potential. One tenant has been in the property for an impressive 14 years and has a signed lease, while the second unit is currently month-to-month, offering flexibility for an investor or buyer who may want to make future changes to the tenancy. The property has been thoughtfully updated over the years, including furnaces approximately 6 and 12 years old, hot water heaters approximately 6 and 8 years old, updated flooring, newer windows approximately 8 years old, and new exterior doors. One side also features a beautifully remodeled full kitchen. Whether you're looking to rent both units and build your investment portfolio or live in one unit while renting the other to help offset your mortgage, this duplex offers versatility and opportunity. With long-term rental history, numerous updates, and a convenient Monroe location, this is a great opportunity to add an income-producing property to your portfolio or make owner-occupied living more affordable. Two units. Multiple possibilities. One great investment!
    6 days
    380
    27

    Zillow last checked:

    Listing updated:

    Listed by:

    Deborah Lambrix 734-915-6532,

    Real Estate One Monroe 734-244-5605

    Source: MiRealSource,MLS#: 50223639MLS LogoOriginating MLS: Southeastern Border Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Forced Air
      Features
      • Basement: Crawl Space
      • Has fireplace: No
      Interior area
      • Total structure area: 1,092
      • Total interior livable area: 1,092 sqft

      Property

      Features
      • Levels: One
      • Stories: 1
      • Frontage length: 35
      Lot
      • Size: 5,227 Square Feet
      • Dimensions: 35 x 150
      Details
      • Parcel number: 554900256000
      • Special conditions: Private

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 1942

      Utilities & green energy

      • Gas: Natural Gas
      • Sewer: Public Sanitary
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Consolidated Land Co Inc 1
      Location
      • Region: Monroe

      Financial & listing details

      • Price per square foot: $106/sqft
      • Tax assessed value: $63,200
      • Annual tax amount: $1,039
      • Date on market: 10/2/2026
      • Cumulative days on market: 6 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional

        Estimated market value

        $114,400

        $109,000 - $120,000

        $991/mo

        Price history

        DateEventPrice
        10/2/2026Listed for sale$116,000+629.6%$106/sqft
        Source: MiRealSource #50223639 Report a problem
        3/20/2014Sold$15,900-5.9%$15/sqft
        Source: Public Record Report a problem
        2/11/2014Price change$16,900-10.6%$15/sqft
        Source: Prosperous Properties LLC #214008919 Report a problem
        2/3/2014Listed for sale$18,900+11.2%$17/sqft
        Source: Prosperous Properties LLC #214008919 Report a problem
        11/5/2011Listing removed$400
        Source: NC DEVELOPMENT GROUP Report a problem
        9/27/2011Price change$400-11.1%
        Source: NC Development Group Inc Report a problem
        7/15/2011Price change$450-7.2%
        Source: NC Development Group Inc Report a problem
        6/17/2011Listed for rent$485
        Source: NC Development Group Inc Report a problem
        11/22/2010Sold$17,000-61.4%$16/sqft
        Source: Public Record Report a problem
        4/5/1996Sold$44,000$40/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$999 +13.8%$31,600 +13.5%
        2024$877 +4.4%$27,850 +19.2%
        2023$840 +4.7%$23,370 +14.3%
        2022$803 -10.7%$20,450 +15.1%
        2021$899 +150.9%$17,770 +7.1%
        2020$358 -48.8%$16,590 +20.8%
        2019$701 -1.4%$13,730 +15.8%
        2018$711 +3.8%$11,860
        2017$685 $11,860 -0.8%
        2016$685 $11,950 +5.8%
        2015$685 +7.4%$11,300
        2014$638 $11,300 -20.7%
        2013-- $14,250 -13.8%
        2012-- $16,540 -16.6%
        2011-- $19,830 -6.6%
        2010-- $21,240 -21.7%
        2009-- $27,110 -16%
        2008-- $32,280 -9.7%
        2007-- $35,740 +6.8%
        2006-- $33,470 +14.6%
        2005-- $29,210 +27.8%
        2003-- $22,860 +13.5%
        2002-- $20,140 +4.3%
        2001-- $19,310
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 48161

        Getting around

        7 / 100
        Car-Dependent
        28 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Monroe Public Schools

        Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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