NEW AND IMPROVED!!! Well-maintained, turnkey 10-unit multifamily (+ coin laundry) in Howell generating $11,300/month in gross rental income. Recent capital improvements include a brand new roof (2026), new AC throughout the whole building, and a new tankless water heater, helping minimize future maintenance costs. Selling at an 11% cap rate, with a stable tenant base and four long-term Section 8 tenants providing reliable, government-backed income. Owner-reported operating expenses average approximately $1,916/month. Strong cash-flow opportunity with additional upside through future rent growth.
Active
$975,000
5645 E. Grand River, Howell, MI 48843
7beds
10baths
--sqft
5+ Units
Built in 1950
-- sqft lot
$900,400 Zestimate®
$--/sqft
$-- HOA
What's special
- 45 days
- 310
- 11
Zillow last checked:
Listing updated:
Listed by:
Ryann Brier 734-210-8543,
United Realty Services 616-965-2304
Source: MichRIC,MLS#: 26002193
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 10
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Common Area, In Basement, Laundry Room
Features
- Basement: Full,Michigan Basement
Video & virtual tour
Property
Parking
- Total spaces: 15
- Parking features: Driveway, Gravel, Paved
Features
- Waterfront features: Lake
- Body of water: Lake Chemung
Lot
- Size: 0.29 Acres
- Dimensions: 104 x 40
- Features: Corner Lot
Details
- Parcel number: 1110301046
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Vinyl Siding, Wood Siding
- Roof: Composition,Rubber
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Utilities for property: Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Community & HOA
HOA
- Amenities included: Laundry
Location
- Region: Howell
Financial & listing details
- Tax assessed value: $169,310
- Annual tax amount: $7,061
- Date on market: 8/3/2026
- Listing terms: Cash,Conventional
- Tenant pays: None
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$900,400
$855,000 - $945,000
$1,648/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/27/2026 | Listed for sale | $975,000+413.2% |
Source:  MichRIC #26002193 Report a problem | ||
| 11/20/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 11/18/2022 | Listed for rent | $1,408 |
Source: Zillow Rental Manager Report a problem | ||
| 8/3/2016 | Sold | $190,000 |
Source: Agent Provided Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 48843
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