Contingent

Price cut: $10K (8/19)

$299,999

3042 S Custer Rd, Monroe, MI 48161

5beds

2,530sqft

N/A

Get pre-qualified

Multi Family

Built in ----

-- sqft lot

$298,100 Zestimate^®

$119/sqft

$-- HOA

What's special

Fresh paintRemodeled bathroomRiver-view settingVinyl plank flooring

Turnkey 4-unit investment opportunity offering immediate cash flow and a unique river-view setting on approximately 0.50 acres. Units are available for showings with 48 hr notice. All four units are currently rented, generating $3,295/month in gross rental income, plus additional income from coin-operated laundry. Looking for an owner-occupied investment? Live in one unit while rental income from the other three helps offset your housing expenses when a unit becomes available. Separate gas and electric meters help minimize owner-paid utilities, and parking includes 3 detached garage spaces plus 2 additional enclosed garage spaces. Recent improvements include exterior painting, a remodeled bathroom and sunroom in Apartment 2, vinyl plank flooring, and fresh paint. One long-term tenant currently assists with lawn care, snow removal, and routine light maintenance in exchange for below-market rent, offering future income upside.

62 days
547
38

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4
Full bathrooms: 4

Heating

Forced Air

Features

Has basement: Yes
Has fireplace: No

Interior area

Total structure area: 2,530
Total interior livable area: 2,530 sqft

Property

Parking

Total spaces: 5
Parking features: Detached
Garage spaces: 5

Features

Levels: Two
Stories: 2
On waterfront: Yes
Waterfront features: River Front
Frontage length: 65

Lot

Size: 0.5 Acres
Dimensions: 65 x 383

Details

Parcel number: 1222003800
Special conditions: Private

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Foundation: Basement

Utilities & green energy

Gas: Natural Gas
Sewer: Public Sanitary
Water: Public

Community & HOA

Community

Subdivision: None

Location

Region: Monroe

Financial & listing details

Price per square foot: $119/sqft
Tax assessed value: $237,200
Annual tax amount: $4,943
Date on market: 7/14/2026
Cumulative days on market: 63 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Total actual rent: 3295
Road surface type: Paved

Estimated market value

$298,100

$283,000 - $313,000

$1,252/mo

Price history

Date	Event	Price
9/9/2026	Contingent	$299,999$119/sqft
Source: MiRealSource #50214766 Report a problem
8/19/2026	Price change	$299,999-3.2%$119/sqft
Source: MiRealSource #50214766 Report a problem
7/14/2026	Listed for sale	$310,000+62.3%$123/sqft
Source: MiRealSource #50214766 Report a problem
1/26/2022	Sold	$191,000-22.7%$75/sqft
Source: Public Record Report a problem
1/22/2022	Pending sale	$247,000$98/sqft
Source: Owner Report a problem
11/9/2021	Price change	$247,000-11.8%$98/sqft
Source: Owner Report a problem
10/3/2021	Listed for sale	$280,000$111/sqft
Source: Owner Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,869 +5.1%	$118,600 +9.9%
2024	$3,681 +4.1%	$107,950 +11.5%
2023	$3,535 -16.5%	$96,850 +0.5%
2022	$4,233 +1.4%	$96,350 +0.9%
2021	$4,174 +68.8%	$95,500 +7.5%
2020	$2,474 -23%	$88,850 +3%
2019	$3,212 +2%	$86,250 +7.1%
2018	$3,147 +1%	$80,550 +6.7%
2017	$3,115 +2.3%	$75,500
2016	$3,044 -1.1%	$75,500 +4.8%
2015	$3,080	$72,050
2014	$3,080	$72,050 -1.5%
2013	--	$73,150 -1.4%
2012	--	$74,200 -6.9%
2011	--	$79,700 -6.4%
2010	--	$85,150 -8.7%
2009	--	$93,300 -4.8%
2008	--	$98,050 -5.1%
2007	--	$103,350 -10.8%
2006	--	$115,800 +3.9%
2005	--	$111,400 +49.1%
2003	--	$74,700 +4.3%
2002	--	$71,600 +3.2%
2001	--	$69,400