Turnkey, fully occupied 4-unit investment property offering immediate cash flow and a scenic river-view setting on approximately 0.50 acres. This well-maintained fourplex generates $3,295 per month in gross rental income, plus additional income from the coin-operated laundry. Current leases are in place through Summer 2027, providing stable, predictable income for the next owner. Separate gas and electric meters for each unit help minimize owner expenses. Tenants enjoy ample parking with 3 detached garage spaces and 2 additional enclosed garage spaces. Recent improvements include premium exterior paint, foundation façade upgrades, remodeled bathroom and sunroom in Apartment 2, vinyl plank flooring in Apartments 1-3, and fresh paint in Apartment 1. One long-term tenant assists with lawn care, snow removal, and routine property maintenance, reducing owner responsibilities while providing future rental upside.
For sale
$310,000
3042 S Custer Rd, Monroe, MI 48161
5beds
2,530sqft
:
Get pre-qualified$2,090/mo
Multi Family
Built in ----
-- sqft lot
$305,900 Zestimate®
$123/sqft
$-- HOA
What's special
Remodeled bathroomAmple parkingPremium exterior paintScenic river-view setting
- 31 days |
- 623 |
- 31 |
Zillow last checked:
Listing updated:
Listed by:
Jennifer MacLeod 419-344-7132,
Wiens And Roth Real Estate - Lambertville 734-777-0490
Source: MiRealSource,MLS#: 50214766
Originating MLS: Southeastern Border Association of REALTORS
Originating MLS: Southeastern Border Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air
Features
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 2,530
- Total interior livable area: 2,530 sqft
Property
Parking
- Total spaces: 5
- Parking features: Detached
- Garage spaces: 5
Features
- Levels: Two
- Stories: 2
- On waterfront: Yes
- Waterfront features: River Front
- Frontage length: 65
Lot
- Size: 0.5 Acres
- Dimensions: 65 x 383
Details
- Parcel number: 1222003800
- Special conditions: Private
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Basement
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
Community & HOA
Community
- Subdivision: None
Location
- Region: Monroe
Financial & listing details
- Price per square foot: $123/sqft
- Tax assessed value: $237,200
- Annual tax amount: $4,943
- Date on market: 7/14/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Land Contract
- Total actual rent: 3295
- Road surface type: Paved
Estimated market value
$305,900
$291,000 - $321,000
$1,305/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Listed for sale | $310,000+62.3%$123/sqft |
Source:  MiRealSource #50214766 Report a problem | ||
| 1/26/2022 | Sold | $191,000-22.7%$75/sqft |
Source: Public Record Report a problem | ||
| 1/22/2022 | Pending sale | $247,000$98/sqft |
Source: Owner Report a problem | ||
| 11/9/2021 | Price change | $247,000-11.8%$98/sqft |
Source: Owner Report a problem | ||
| 10/3/2021 | Listed for sale | $280,000$111/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,869 +5.1% | $118,600 +9.9% |
| 2024 | $3,681 +4.1% | $107,950 +11.5% |
| 2023 | $3,535 -16.5% | $96,850 +0.5% |
| 2022 | $4,233 +1.4% | $96,350 +0.9% |
| 2021 | $4,174 +68.8% | $95,500 +7.5% |
| 2020 | $2,474 -23% | $88,850 +3% |
| 2019 | $3,212 +2% | $86,250 +7.1% |
| 2018 | $3,147 +1% | $80,550 +6.7% |
| 2017 | $3,115 +2.3% | $75,500 |
| 2016 | $3,044 -1.1% | $75,500 +4.8% |
| 2015 | $3,080 | $72,050 |
| 2014 | $3,080 | $72,050 -1.5% |
| 2013 | -- | $73,150 -1.4% |
| 2012 | -- | $74,200 -6.9% |
| 2011 | -- | $79,700 -6.4% |
| 2010 | -- | $85,150 -8.7% |
| 2009 | -- | $93,300 -4.8% |
| 2008 | -- | $98,050 -5.1% |
| 2007 | -- | $103,350 -10.8% |
| 2006 | -- | $115,800 +3.9% |
| 2005 | -- | $111,400 +49.1% |
| 2003 | -- | $74,700 +4.3% |
| 2002 | -- | $71,600 +3.2% |
| 2001 | -- | $69,400 |
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: 48161
Nearby schools
GreatSchools rating
- NAWaterloo SchoolGrades: PK-6Distance: 1.3 mi
- NAMonroe High SchoolGrades: 8-12Distance: 0.9 mi
- 6/10Monroe Middle SchoolGrades: 6-8Distance: 2.8 mi
Schools provided by the listing agent
- District: Monroe Public Schools
Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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