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Sold for $247,000
  • Zestimate®
    $247,000

    3042 S Custer Rd, Monroe, MI 48161

    5beds
    2,530sqft
    Multi Family
    Built in ----
    -- sqft lot
    $247,000 Zestimate®
    $98/sqft
    $1,247 Estimated rent

    Home value

    $247,000

    $235,000 - $259,000

    $1,247/mo

    Zestimate® history
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    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jennifer MacLeod 419-344-7132,

    Wiens And Roth Real Estate - Lambertville

    Bought with:

    . Non MLS Member

    NON MLS Member

    Source: MiRealSource,MLS#: 50214766MLS LogoOriginating MLS: Southeastern Border Association of REALTORS

    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: $98/sqft
    • Tax assessed value: $237,200
    • Annual tax amount: $4,943
    • Date on market: 7/14/2026
    • Cumulative days on market: 92 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Total actual rent: 3295
    • Road surface type: Paved

    Price history

    DateEventPrice
    10/19/2026Sold$247,000-17.7%$98/sqft
    Source: MiRealSource #50214766 Report a problem
    9/9/2026Contingent$299,999$119/sqft
    Source: MiRealSource #50214766 Report a problem
    8/19/2026Price change$299,999-3.2%$119/sqft
    Source: MiRealSource #50214766 Report a problem
    7/14/2026Listed for sale$310,000+62.3%$123/sqft
    Source: MiRealSource #50214766 Report a problem
    1/26/2022Sold$191,000-22.7%$75/sqft
    Source: Public Record Report a problem
    1/22/2022Pending sale$247,000$98/sqft
    Source: Owner Report a problem
    11/9/2021Price change$247,000-11.8%$98/sqft
    Source: Owner Report a problem
    10/3/2021Listed for sale$280,000$111/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax 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
    Find assessor info on the county website

    Neighborhood: 48161

    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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    Estimated market value

    $247,000

    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

    $247,000