3 unit multifamily building, great investment opportunity, 100% leased out with long term tenants in place, each unit features 1-bedroom, living room, dining area & bathroom, on-site laundry available, large parking lot shared between apartments and parking in front, each unit has separate utility meters, except water which is included in rental price, room for rental increases, do not disturb tenants, nice curb appeal, all data apx.
For sale
$260,000
1518 Hanover St, Lincoln Park, MI 48146
3beds
3,024sqft
Multi Family
Built in 2015
-- sqft lot
$259,200 Zestimate®
$86/sqft
$-- HOA
What's special
- 2 days |
- 138 |
- 18 |
Zillow last checked:
Listing updated:
Listed by:
Jeff Glover 734-259-1100,
KW Professionals 734-459-4700,
Cynthia Ames 734-775-7172,
KW Professionals Brighton
Source: Realcomp II,MLS#: 20261064422
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 3
- 1/2 bathrooms: 3
Heating
- Forced Air, Natural Gas
Cooling
- Window Units
Appliances
- Laundry: None
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 3,024 sqft
- Finished area above ground: 3,024
Property
Parking
- Parking features: Other
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch
- Pool features: None
- Fencing: Back Yard,Fencing Allowed
Lot
- Size: 8,276 Square Feet
Details
- Parcel number: 45006030061310
- Zoning description: MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family
Materials
- Brick, Vinyl Siding
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2015
Utilities & green energy
- Sewer: Public Sewer
- Water: Community
- Utilities for property: Above Ground Utilities
Community & HOA
Community
- Subdivision: ELMWOOD HEIGHTS SUB
Location
- Region: Lincoln Park
Financial & listing details
- Price per square foot: $86/sqft
- Tax assessed value: $165,900
- Annual tax amount: $5,708
- Date on market: 8/15/2026
- Cumulative days on market: 2 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
$259,200
$246,000 - $272,000
$2,965/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2026 | Listed for sale | $260,000$86/sqft |
Source:  Realcomp II #20261064422 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $156,400 +22% |
| 2024 | -- | $128,200 +20.8% |
| 2023 | -- | $106,100 +15.8% |
| 2022 | -- | $91,600 +16.8% |
| 2021 | -- | $78,400 |
| 2020 | $4,879 | $78,400 -1.5% |
| 2019 | -- | $79,600 +23.8% |
| 2018 | -- | $64,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 48146
Nearby schools
GreatSchools rating
- 6/10Lafayette SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Lincoln Park Middle SchoolGrades: 6-8Distance: 0.6 mi
- 5/10Lincoln Park High SchoolGrades: 9-12Distance: 0.6 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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