This well-maintained three-unit property offers strong income potential.
The first-floor unit is a spacious three-bedroom, one-bath layout, city-certified and ready for occupancy. Upstairs, two one-bedroom, one-bath units have passed city rental inspections, with one already occupied by a long-term tenant providing immediate cash flow.
Each unit has separate gas and electric meters, with a single water meter for efficiency. Recent upgrades include new furnaces (2020) and a new roof (2024), reducing maintenance costs. Stoves and refrigerators are included in every unit.
Located in a growing area, this property is near local businesses, transportation, and new development. It offers consistent rental demand and the potential for appreciation. Available with land contract terms, making it accessible for investors looking to expand their portfolio.
Sold for $273,000
$273,000
56 Waldo St, Pontiac, MI 48341
5beds
2,567sqft
Multi Family
Built in 1931
-- sqft lot
$280,100 Zestimate®
$106/sqft
$1,543 Estimated rent
Home value
$280,100
$260,000 - $300,000
$1,543/mo
Zestimate® history
Owner options
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$1,543/mo
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$1,543/mo
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$1,772/mo
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$1,772/mo
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List your homeWhat's special
Two one-bedroom one-bath unitsSpacious three-bedroom one-bath layout
Zillow last checked:
Listing updated:
Listed by:
Tracy A Petersen 586-797-0999,
VM Real Estate Group
Bought with:
Joseph Hammel, 6501422602
Keller Williams Somerset
Source: Realcomp II,MLS#: 20250021679
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Natural Gas
Cooling
- Ceiling Fans
Features
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 2,567 sqft
- Finished area above ground: 2,567
Property
Parking
- Total spaces: 3
- Parking features: On Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Pool features: None
Lot
- Size: 7,405 sqft
- Dimensions: 50.00 x 150.00
Details
- Parcel number: 1430452004
- Zoning description: MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement, Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1931
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Pontiac
- Subdivision: RECREATION PARK ADD
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Contract
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2025 | Sold | $273,000+3%$106/sqft |
Source:  Realcomp II #20250021679 Report a problem | ||
| 6/19/2025 | Pending sale | $265,000$103/sqft |
Source: Realcomp II #20250021679 Report a problem | ||
| 1/29/2025 | Price change | $265,000-2.9%$103/sqft |
Source: Realcomp II #20250004614 Report a problem | ||
| 1/22/2025 | Listed for sale | $273,000+1505.9%$106/sqft |
Source: Realcomp II #20250004614 Report a problem | ||
| 2/11/2020 | Listing removed | $700 |
Source: Michael Chudnow Broker Report a problem | ||
| 1/11/2020 | Listed for rent | $700 |
Source: Michael Chudnow Broker Report a problem | ||
| 11/10/2019 | Listing removed | $700 |
Source: Zillow Rental Manager Report a problem | ||
| 9/11/2019 | Listed for rent | $700 |
Source: Michael Chudnow Broker Report a problem | ||
| 2/3/2016 | Sold | $17,000+747.9%$7/sqft |
Source: Public Record Report a problem | ||
| 3/23/2012 | Sold | $2,005$1/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,414 +6.5% | $72,900 +15.3% |
| 2023 | $2,266 +2.9% | $63,220 +14.3% |
| 2022 | $2,203 -0.3% | $55,320 +12.2% |
| 2021 | $2,210 | $49,310 +11.7% |
| 2020 | -- | $44,130 +14.5% |
| 2019 | $5,947 +207.8% | $38,530 +10.7% |
| 2018 | $1,932 | $34,800 +4.1% |
| 2017 | -- | $33,440 -13.7% |
| 2016 | -- | $38,760 +5% |
| 2015 | -- | $36,930 +16.4% |
| 2014 | -- | $31,720 -31.6% |
| 2011 | -- | $46,350 -24% |
| 2010 | $2,180 +0.7% | $60,960 -13.7% |
| 2009 | $2,165 +8.6% | $70,610 +119.3% |
| 2001 | $1,994 +2.8% | $32,200 +3.2% |
| 2000 | $1,940 | $31,210 |
Find assessor info on the county website
Neighborhood: 48341
Nearby schools
GreatSchools rating
- 3/10Whitman Elementary SchoolGrades: K-5Distance: 1.6 mi
- 3/10Pontiac Middle SchoolGrades: 6-8Distance: 3.3 mi
- 3/10Pontiac High SchoolGrades: 9-12Distance: 3.4 mi
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Estimated market value
$280,100
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
$280,100
- Michigan
- Oakland County
- Pontiac
- 48341
- 56 Waldo St
Nearby cities
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