For sale

Price cut: $16K (7/28)

$179,000

5469 Parker Rd, Fort Gratiot, MI 48059

3beds

1,880sqft

Single Family Residence, Manufactured Home

Built in 1988

0.35 Acres Lot

$173,000 Zestimate^®

$95/sqft

$-- HOA

What's special

Fantastic investment opportunity in desirable Fort Gratiot! This well-maintained 3-unit property is located just one block from the water, offering an attractive location for both tenants and owner-occupants. Two units are currently generating income, with one rented for $950/month and the studio unit rented for $700/month. The third unit is vacant, providing flexibility for the next owner—move in and enjoy owner-occupied living while collecting rental income, or lease the vacant unit to maximize cash flow. Whether you're looking to expand your investment portfolio or purchase a multi-family property with the option to live on-site, this versatile property offers excellent potential in a sought-after location close to the shoreline, parks, shopping, and everyday amenities.

81 days
1,454
88

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3

Bedroom 1

Level: Entry
Area: 120
Dimensions: 10 x 12

Bedroom 2

Level: Entry
Area: 400
Dimensions: 20 x 20

Bedroom 3

Level: Entry
Area: 110
Dimensions: 11 x 10

Bathroom 1

Level: Entry

Bathroom 2

Level: Entry

Bathroom 3

Level: Entry

Heating

Forced Air, Natural Gas

Features

Basement: Crawl Space
Number of fireplaces: 1
Fireplace features: Family Room

Interior area

Total structure area: 1,880
Total interior livable area: 1,880 sqft
Finished area above ground: 1,880
Finished area below ground: 0

Property

Parking

Total spaces: 1.5
Parking features: Detached
Garage spaces: 1.5

Features

Levels: One
Stories: 1
Frontage type: Road
Frontage length: 75

Lot

Size: 0.35 Acres
Dimensions: 75 x 167

Details

Parcel number: 74200082005000
Special conditions: Private

Construction

Type & style

Home type: MobileManufactured
Architectural style: Ranch
Property subtype: Single Family Residence, Manufactured Home

Materials

Stone, Vinyl Siding
Foundation: Slab

Condition

Year built: 1988

Utilities & green energy

Sewer: Septic Tank
Water: Public

Community & HOA

Community

Subdivision: 4050 Section (west)

HOA

Has HOA: No

Location

Region: Fort Gratiot

Financial & listing details

Price per square foot: $95/sqft
Tax assessed value: $119,400
Annual tax amount: $2,571
Date on market: 7/6/2026
Cumulative days on market: 81 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Body type: Manufactured After 1976

Estimated market value

$173,000

$164,000 - $182,000

Not available

Price history

Date	Event	Price
7/28/2026	Price change	$179,000-8.2%$95/sqft
Source: MiRealSource #50213867 Report a problem
7/6/2026	Listed for sale	$195,000+41.3%$104/sqft
Source: MiRealSource #50213867 Report a problem
1/17/2025	Sold	$138,000-8%$73/sqft
Source: Realcomp II #20240083531 Report a problem
12/27/2024	Pending sale	$150,000$80/sqft
Source: Realcomp II #20240083531 Report a problem
12/2/2024	Listed for sale	$150,000$80/sqft
Source: Realcomp II #20240083531 Report a problem
11/13/2024	Pending sale	$150,000$80/sqft
Source: Realcomp II #20240083531 Report a problem
11/5/2024	Listed for sale	$150,000$80/sqft
Source: Realcomp II #20240083531 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	--	$59,700 +17.3%
2025	$1,014 +31.8%	$50,900 +60.6%
2024	$769 +35.3%	$31,700 +10.8%
2023	$569 +8%	$28,600 +13.5%
2022	$527	$25,200 +4.1%
2021	--	$24,200 -23.9%
2020	--	$31,800 +7.4%
2019	$500	$29,600 +7.6%
2018	--	$27,500 +27.3%
2017	--	$21,600
2016	--	$21,600 +3.8%
2015	--	$20,800 -28.5%
2014	--	$29,100 +203.1%
2013	--	$9,600 -4%
2012	--	$10,000 -6.5%
2011	--	$10,700
2010	--	$10,700 -15.1%
2009	--	$12,600 -9.4%
2008	--	$13,900 -2.8%
2007	--	$14,300 +2.9%
2006	--	$13,900 +16.8%
2001	--	$11,904 +9.5%
2000	--	$10,875