Sold for $295,000

$295,000

32 Augusta Ave, Pontiac, MI 48341

9beds

4,626sqft

Multi Family

Built in 1924

-- sqft lot

$296,800 Zestimate^®

$64/sqft

$1,431 Estimated rent

Home value

$296,800

$282,000 - $312,000

$1,431/mo

Zestimate^® history

Owner options

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$1,431/mo

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$1,431/mo

Rent Zestimate^®

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$1,938/mo

Est. payment

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$1,938/mo

Est. payment

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What's special

Fully Occupied 5-Unit Investment Property for Sale in Pontiac, MI Excellent investment opportunity in Pontiac! This reasonably maintained 5-unit multifamily building is fully occupied, providing immediate rental income. Each unit features 2 bedrooms and 1 bathroom (Except the attic unit, which has 1 bed/1 bath), offering comfortable layouts that appeal to long-term tenants. The property sits on a quiet block and includes a rear parking slab for tenant convenience. Major components—including the vinyl windows, roof, furnaces, and water heaters—are in great condition. Unit interiors vary in updates but are all well-kept. Seller financing is available with 25% down, and terms are negotiable, creating a flexible opportunity for investors. With solid occupancy and room for future value growth, this property is a strong addition to any portfolio.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 5
Full bathrooms: 5

Heating

Forced Air, Natural Gas

Features

Basement: Common,Unfinished
Has fireplace: No

Interior area

Total interior livable area: 4,626 sqft
Finished area above ground: 4,626

Property

Features

Levels: Three
Stories: 3
Pool features: None

Lot

Size: 8,712 Square Feet
Dimensions: 50 x 175 x 175

Details

Parcel number: 1429328028
Zoning description: Residential
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Common Entry Building,Upper Lower Apartment
Property subtype: Multi Family

Materials

Brick
Foundation: Basement, Block

Condition

New construction: No
Year built: 1924

Utilities & green energy

Sewer: Public Sewer
Water: Other

Community & HOA

Community

Subdivision: SANDERSON & JOHNSTONS ADD

Location

Region: Pontiac

Financial & listing details

Price per square foot: $64/sqft
Tax assessed value: $47,910
Annual tax amount: $2,627
Date on market: 3/13/2026
Cumulative days on market: 30 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,Owner May Carry

Price history

Date	Event	Price
4/24/2026	Sold	$295,000-15.5%$64/sqft
Source: Realcomp II #20261013547 Report a problem
4/9/2026	Pending sale	$349,000$75/sqft
Source: Realcomp II #20261013547 Report a problem
3/13/2026	Listed for sale	$349,000$75/sqft
Source: Realcomp II #20261013547 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,852 +5.6%	$104,830 +17.1%
2024	$2,701 +6.5%	$89,510 +18.4%
2023	$2,536 +0.4%	$75,630 +22.8%
2022	$2,526 -0.5%	$61,610 +12.1%
2021	$2,537	$54,980 +11.2%
2020	--	$49,440 +7.5%
2019	$11,205 +409.3%	$46,010 -4.6%
2018	$2,200	$48,230 -0.9%
2017	--	$48,690 +10.7%
2016	--	$43,970 +7.4%
2015	--	$40,940 +4.3%
2014	--	$39,270 -0.8%
2001	$2,652 -0.8%	$39,590 +5%
2000	$2,673	$37,700