Investment Opportunity in Pontiac
Located at 389 Osmun Street, this multi-family property offers a solid investment opportunity with four one-bedroom units. The property is tenant occupied, and two of the four units participate in the Pontiac Lighthouse Program, a government-assisted housing program that provides consistent monthly rental payments.
The building has been renovated, offering updated interiors and a new roof. With tenants currently in place, this property presents an opportunity for an investor seeking a stabilized asset in an established rental market.
Conveniently situated near downtown Pontiac with access to major roads, shopping, and local amenities. Showings are subject to tenant rights. Pictures are of vacant lower Unit landlord in the process of finding new tenant. All units look the same just different in sizes. Please do not disturb tenants.
Measurements are Estimated. BATVI. Inspection available with accepted
Sold for $235,000
$235,000
389 Osmun St, Pontiac, MI 48342
4beds
1,300sqft
Multi Family
Built in 1920
-- sqft lot
$238,500 Zestimate®
$181/sqft
$1,296 Estimated rent
Home value
$238,500
$227,000 - $250,000
$1,296/mo
Zestimate® history
Owner options
List your home for rent
$1,296/mo
Rent Zestimate®
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$1,296/mo
Rent Zestimate®
Refinance and save
$1,615/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,615/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Antonio Rodriguez Wilkes 248-659-7034,
Social House Real Estate Group LLC
Bought with:
Wayne Michalak, 6501442198
National Realty Centers
Source: Realcomp II,MLS#: 20261002896
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Natural Gas
Features
- Basement: Partial,Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 1,300 sqft
- Finished area above ground: 1,300
Property
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 9,583 Square Feet
Details
- Parcel number: 1433210065
- Zoning description: Commercial, MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial,Upper Lower Apartment
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Basement, Block
Condition
- New construction: No
- Year built: 1920
- Major remodel year: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Other
Community & HOA
Community
- Subdivision: OSMUN GARDENS 2
Location
- Region: Pontiac
Financial & listing details
- Price per square foot: $181/sqft
- Tax assessed value: $51,000
- Annual tax amount: $2,900
- Date on market: 1/15/2026
- Cumulative days on market: 77 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 4/9/2026 | Pending sale | $250,000+6.4%$192/sqft |
Source:  Realcomp II #20261002896 Report a problem | ||
| 4/7/2026 | Sold | $235,000-6%$181/sqft |
Source: Realcomp II #20261002896 Report a problem | ||
| 1/15/2026 | Listed for sale | $250,000+78.6%$192/sqft |
Source: Realcomp II #20261002896 Report a problem | ||
| 12/31/2024 | Sold | $140,000-12.5%$108/sqft |
Source:  MichRIC #24015736 Report a problem | ||
| 10/23/2024 | Pending sale | $160,000$123/sqft |
Source: MichRIC #24015736 Report a problem | ||
| 8/30/2024 | Price change | $160,000-5.9%$123/sqft |
Source: MichRIC #24015736 Report a problem | ||
| 7/15/2024 | Price change | $170,000-4.5%$131/sqft |
Source: MichRIC #24015736 Report a problem | ||
| 5/10/2024 | Price change | $178,000+11.3%$137/sqft |
Source: MichRIC #24015736 Report a problem | ||
| 4/4/2024 | Price change | $160,000+33.3%$123/sqft |
Source: MichRIC #24015736 Report a problem | ||
| 7/15/2022 | Pending sale | $120,000$92/sqft |
Source: Realcomp II #20221018398 Report a problem | ||
| 7/15/2022 | Listed for sale | $120,000$92/sqft |
Source: Realcomp II #20221018398 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 48342
Nearby homes
- $108,4004 bd1 ba1.1k sqft397 Osmun St, Pontiac, MI 48342Off Market
- $22,6803 bd1 ba1k sqft310 Going St, Pontiac, MI 48342Off Market
- $4,000-- bd-- ba-- sqft306 Going St, Pontiac, MI 48342Off Market
- $35,7002 bd1 ba966 sqft377 Osmun St, Pontiac, MI 48342Sold
- $7,580-- bd-- ba-- sqft405 Osmun St, Pontiac, MI 48342Off Market
- $---- bd-- ba-- sqft390 Osmun St, Pontiac, MI 48342Off Market
- $98,3002 bd1 ba746 sqft302 Going St, Pontiac, MI 48342Off Market
- $196,7003 bd3 ba1.3k sqft363 Osmun St, Pontiac, MI 48342Off Market
Nearby schools
GreatSchools rating
- 3/10Whitman Elementary SchoolGrades: K-5Distance: 2.4 mi
- 3/10Pontiac Middle SchoolGrades: 6-8Distance: 2.6 mi
- 3/10Pontiac High SchoolGrades: 9-12Distance: 2.7 mi
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Estimated market value
$238,500
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
$238,500
- Michigan
- Oakland County
- Pontiac
- 48342
- 389 Osmun St
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