Pending

$239,000

464 Elm St, Wyandotte, MI 48192

4beds

2baths

--sqft

$1,884/mo

Get pre-qualified

2 to 4 Units

Built in 1904

-- sqft lot

$240,800 Zestimate^®

$--/sqft

$-- HOA

What's special

Private entranceStorage shed on-siteCovered front porch

Turnkey Two-Unit Investment — 1,974 Sq. Ft. — Fully Occupied, $30,480/Year in Rental Income — Wyandotte. Own a fully occupied two-unit multifamily property with rental income already in place from day one. Both units feature 2 bedrooms and 1 full bathroom, currently rented for a combined $2,540/month ($1,320 + $1,220). Current tenants have a history of on-time rental payments. Each unit has its own furnace and water heater, plus fridge, stove, microwave, and washer/dryer. Tenants pay gas/electric; owner covers water/trash — low landlord overhead. Private entrance, covered front porch, storage shed on-site. Walking distance to Downtown Wyandotte, restaurants, shopping, and the Detroit River. City inspection completed; seller addressing minor items. Inspection report available to interested buyers. Pre-approval/proof of funds required for showings. 24-hr notice required — tenants occupied. Seller is a licensed Michigan real estate agent with ownership interest in the property.

11 days
499
17

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Forced Air

Cooling

Central Air

Appliances

Laundry: In Unit

Features

Basement: Michigan Basement

Property

Lot

Size: 4,356 Square Feet
Dimensions: 50 x 90

Details

Parcel number: 57015240014001

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Vinyl Siding

Condition

New construction: No
Year built: 1904

Utilities & green energy

Sewer: Public Sewer
Utilities for property: Natural Gas Connected

Community & HOA

Location

Region: Wyandotte

Financial & listing details

Tax assessed value: $106,952
Annual tax amount: $7,484
Date on market: 8/20/2026
Listing terms: Cash,Conventional
Tenant pays: Electricity, Gas
Road surface type: Paved

Estimated market value

$240,800

$229,000 - $253,000

$1,421/mo

Price history

Date	Event	Price
8/23/2026	Pending sale	$239,000
Source: MichRIC #26043912 Report a problem
8/20/2026	Price change	$239,000+13.9%
Source: MichRIC #26043912 Report a problem
11/16/2022	Pending sale	$209,900
Source: Realcomp II #20221014693 Report a problem
8/26/2022	Sold	$209,900
Source: Realcomp II #20221014693 Report a problem
7/24/2022	Pending sale	$209,900
Source: Realcomp II #20221014693 Report a problem
7/7/2022	Listed for sale	$209,900+82.5%
Source: Realcomp II #20221014693 Report a problem
4/30/2016	Listing removed	$115,000
Source: Carol Bollo & Assoc-Grosse Ile #216036321 Report a problem
4/18/2016	Listed for sale	$115,000+2.7%
Source: Carol Bollo & Assoc-Grosse Ile #216036321 Report a problem
10/20/2014	Listing removed	$112,000
Source: Keller Williams Realty Novi Market Center #214070798 Report a problem
9/6/2014	Price change	$112,000-2.6%
Source: Keller Williams Realty Novi Market Center #214070798 Report a problem
7/14/2014	Listed for sale	$115,000
Source: Keller Williams Northville M C #214070798 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$106,300 +10.5%
2024	--	$96,200 +10.3%
2023	--	$87,200 +5.4%
2022	--	$82,700 +17%
2021	--	$70,700
2020	$4,063 +6.1%	$70,700 +12.6%
2019	$3,828	$62,800 +19.8%
2018	$3,828 +22.1%	$52,400
2017	$3,136	$52,400 +8.9%
2016	$3,136 +58.4%	$48,100 +7.6%
2015	$1,980 -51.6%	$44,700 +9.3%
2013	$4,090 +106.5%	$40,900 -4.4%
2012	$1,980	$42,800 -16.6%
2010	--	$51,300 -16.6%
2009	--	$61,500 -10.5%
2008	--	$68,700
2007	--	$68,700 +18.9%
2005	$1,389	$57,800 +8%
2003	--	$53,500 +72.1%
2001	$1,633	$31,083 +3.2%
2000	--	$30,120