Exceptional investment opportunity featuring a fully occupied 4-unit multifamily property with an impressive 12.7% cap rate. Each of the four units offers a comfortable 1-bedroom, 1-bathroom layout, appealing to a broad range of tenants and helping maintain consistent occupancy. The property is currently occupied by long-term, reliable tenants, providing immediate and stable cash flow for the next owner. Situated in a convenient location with easy access to shopping, dining, transportation, and everyday amenities, this property offers both tenant appeal and investment security. The low-maintenance unit layouts and established rental history make this an ideal addition to an experienced investor’s portfolio or an excellent opportunity for those looking to enter the multifamily market.
With strong income potential, dependable occupancy, and a proven track record of performance, this turnkey investment property presents an opportunity to acquire a cash-flowing asset from day one. Whether you're seeking portfolio growth, passive income, or a high-yield investment, this fully occupied four-unit property is one you won't want to miss.
For sale
Price cut: $10K (7/11)
$215,000
957 Park Ave, Lincoln Park, MI 48146
4beds
1,845sqft
:
Get pre-qualified$1,698/mo
Multi Family
Built in 1924
-- sqft lot
$214,300 Zestimate®
$117/sqft
$-- HOA
What's special
- 49 days |
- 423 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Scott T Atkinson 313-721-6621,
Concept Realty 313-721-6621
Source: Realcomp II,MLS#: 20261047655
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Natural Gas
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 1,845 sqft
- Finished area above ground: 1,845
Property
Features
- Levels: One And One Half
- Stories: 1.5
- Pool features: None
Lot
- Size: 8,276 Square Feet
- Dimensions: 75 x 108
Details
- Parcel number: 45008030223000
- Zoning description: Residential
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Foundation: Basement, Block
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: SUBURBAN PARK SUB
Location
- Region: Lincoln Park
Financial & listing details
- Price per square foot: $117/sqft
- Tax assessed value: $39,697
- Annual tax amount: $2,839
- Date on market: 6/25/2026
- Cumulative days on market: 49 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
Zestimate®
$214,300
Estimated sales range
$204,000 - $225,000
Rent Zestimate®
$1,251/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/11/2026 | Price change | $215,000-4.4%$117/sqft |
Source: | ||
| 6/30/2026 | Price change | $225,000-4.3%$122/sqft |
Source: | ||
| 6/25/2026 | Listed for sale | $235,000-60.8%$127/sqft |
Source: | ||
| 3/4/2024 | Listing removed | -- |
Source: | ||
| 2/19/2024 | Price change | $600,000-73.6%$325/sqft |
Source: | ||
| 2/2/2024 | Listed for sale | $2,275,000+15066.7%$1,233/sqft |
Source: | ||
| 3/28/2012 | Sold | $15,000+180.4%$8/sqft |
Source: | ||
| 1/12/2012 | Sold | $5,350-58.8%$3/sqft |
Source: Public Record Report a problem | ||
| 10/25/2010 | Sold | $13,000-66.7%$7/sqft |
Source: Public Record Report a problem | ||
| 9/8/2004 | Sold | $39,000$21/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $82,100 +8.7% |
| 2024 | -- | $75,500 +21.2% |
| 2023 | -- | $62,300 +3% |
| 2022 | -- | $60,500 +26.6% |
| 2021 | -- | $47,800 |
| 2020 | $2,427 | $47,800 +16.3% |
| 2019 | -- | $41,100 +24.2% |
| 2018 | -- | $33,100 +7.5% |
| 2017 | -- | $30,800 -3.1% |
| 2016 | $2,938 | $31,800 +1.6% |
| 2015 | $2,938 -2.1% | $31,300 -7.1% |
| 2013 | $3,000 +2.1% | $33,700 -2.9% |
| 2012 | $2,938 | $34,700 -25.4% |
| 2010 | -- | $46,500 -18.4% |
| 2009 | -- | $57,000 -8.7% |
| 2008 | -- | $62,400 +5.1% |
| 2007 | -- | $59,400 +5.7% |
| 2005 | $3,035 | $56,200 +2.9% |
| 2003 | -- | $54,600 +71.2% |
| 2001 | -- | $31,886 +3.2% |
| 2000 | $2,110 | $30,898 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 48146
Nearby schools
GreatSchools rating
- 4/10Keppen SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Lincoln Park Middle SchoolGrades: 6-8Distance: 0.8 mi
- 5/10Lincoln Park High SchoolGrades: 9-12Distance: 0.9 mi
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