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!
For sale
$116,000
1636 Peters St, Monroe, MI 48161
2beds
1,092sqft
Multi Family
Built in 1942
-- sqft lot
$114,400 Zestimate®
$106/sqft
$-- HOA
What's special
Updated flooringNew exterior doorsBeautifully remodeled full kitchen
- 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#: 50223639
Originating 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
| Date | Event | Price |
|---|---|---|
| 10/2/2026 | Listed for sale | $116,000+629.6%$106/sqft |
Source: | ||
| 3/20/2014 | Sold | $15,900-5.9%$15/sqft |
Source: Public Record Report a problem | ||
| 2/11/2014 | Price change | $16,900-10.6%$15/sqft |
Source: Prosperous Properties LLC #214008919 Report a problem | ||
| 2/3/2014 | Listed for sale | $18,900+11.2%$17/sqft |
Source: Prosperous Properties LLC #214008919 Report a problem | ||
| 11/5/2011 | Listing removed | $400 |
Source: NC DEVELOPMENT GROUP Report a problem | ||
| 9/27/2011 | Price change | $400-11.1% |
Source: NC Development Group Inc Report a problem | ||
| 7/15/2011 | Price change | $450-7.2% |
Source: NC Development Group Inc Report a problem | ||
| 6/17/2011 | Listed for rent | $485 |
Source: NC Development Group Inc Report a problem | ||
| 11/22/2010 | Sold | $17,000-61.4%$16/sqft |
Source: Public Record Report a problem | ||
| 4/5/1996 | Sold | $44,000$40/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
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Neighborhood: 48161
Nearby schools
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.






