Fully occupied triplex bringing in $3,600 per month ($43,200 annually) in gross rents, with long term tenants in place who would like to stay, so you're cash flowing from day one. The property sits on approximately 1.08 acres with General Commercial zoning, which opens the door to future redevelopment, expansion, owner-user occupancy, mixed-use concepts, or other commercial uses, subject to Township approval. The mechanicals give you real peace of mind here. The well and septic are inspected annually and have passed every year for the past 30 years, the metal roof means fewer repairs and a longer lifespan, and the HVAC is in good working order. You also get strong road visibility and quick access to US-23, with downtown Whitmore Lake, the lake itself, Independence Lake County Park, and Northfield Community Park all nearby and Ann Arbor just a short drive south. Whether you want a stabilized income property now or a commercial site to grow into down the road, this one gives you both. Please do not disturb tenants. Showings by appointment only.
For sale
$364,995
7038 Whitmore Lake Rd, Whitmore Lake, MI 48189
4beds
2,916sqft
Multi Family
Built in 1960
-- sqft lot
$366,800 Zestimate®
$125/sqft
$-- HOA
What's special
- 6 days
- 483
- 29
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Drake O'Donnell 248-609-7108,
NATOD Management 248-609-7108
Source: Realcomp II,MLS#: 20261077651
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Hot Water, Natural Gas, Radiant
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 2,916 sqft
- Finished area above ground: 2,916
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Pool features: None
Lot
- Size: 1.08 Acres
- Dimensions: 337 x 180 x 186 x 234
Details
- Parcel number: B00219100009
- Zoning description: Commercial, MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family
Materials
- Other
- Foundation: Slab
- Roof: Metal
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Location
- Region: Whitmore Lake
Financial & listing details
- Price per square foot: $125/sqft
- Tax assessed value: $81,648
- Annual tax amount: $4,905
- Date on market: 9/25/2026
- Cumulative days on market: 6 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Trade 1031 Exchange
Estimated market value
$366,800
$348,000 - $385,000
$2,144/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/25/2026 | Listed for sale | $364,995-6.4%$125/sqft |
Source: | ||
| 9/10/2026 | Listing removed | $389,900$134/sqft |
Source: | ||
| 6/9/2026 | Listed for sale | $389,900-2.5%$134/sqft |
Source: | ||
| 6/3/2026 | Listing removed | $400,000$137/sqft |
Source: | ||
| 3/26/2026 | Contingent | $400,000$137/sqft |
Source: | ||
| 3/12/2026 | Listed for sale | $400,000-5.9%$137/sqft |
Source: | ||
| 12/9/2025 | Listing removed | $425,000$146/sqft |
Source: | ||
| 11/28/2025 | Contingent | $425,000$146/sqft |
Source: | ||
| 9/18/2025 | Price change | $425,000-10.5%$146/sqft |
Source: | ||
| 7/7/2025 | Price change | $475,000-5%$163/sqft |
Source: | ||
| 5/29/2025 | Listed for sale | $500,000+550.2%$171/sqft |
Source: | ||
| 2/16/1994 | Sold | $76,900$26/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $4,896 +2.9% | $134,300 +5.3% |
| 2025 | $4,757 | $127,500 +5.8% |
| 2024 | -- | $120,500 +8.1% |
| 2023 | -- | $111,500 +5.6% |
| 2022 | -- | $105,600 +2.3% |
| 2021 | -- | $103,200 +2.5% |
| 2020 | $3,935 | $100,700 +0.3% |
| 2019 | -- | $100,400 -5.3% |
| 2018 | -- | $106,000 +5.6% |
| 2017 | -- | $100,400 +61.6% |
| 2016 | -- | $62,120 +0.3% |
| 2015 | -- | $61,935 +3.2% |
| 2014 | -- | $60,000 |
| 2013 | -- | $60,000 |
Find assessor info on the county website
Monthly payment
Est. payment






