This well-maintained three-unit property offers strong income potential.
The first-floor unit is a spacious three-bedroom, one-bath layout, city-certified and ready for occupancy. Upstairs, two one-bedroom, one-bath units have passed city rental inspections, with one already occupied by a long-term tenant providing immediate cash flow.
Each unit has separate gas and electric meters, with a single water meter for efficiency. Recent upgrades include new furnaces (2020) and a new roof (2024), reducing maintenance costs. Stoves and refrigerators are included in every unit.
Located in a growing area, this property is near local businesses, transportation, and new development. It offers consistent rental demand and the potential for appreciation. Available with land contract terms, making it accessible for investors looking to expand their portfolio.
Sold for $273,000 on 07/15/25
$273,000
56 Waldo St, Pontiac, MI 48341
5beds
2,567sqft
Multi Family
Built in 1931
-- sqft lot
$273,100 Zestimate®
$106/sqft
$1,068 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 17, 2025 at 06:27am
Listed by:
Tracy A Petersen 586-797-0999,
VM Real Estate Group
Bought with:
Joseph Hammel, 6501422602
Keller Williams Somerset
Source: Realcomp II,MLS#: 20250021679

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Natural Gas
Cooling
- Ceiling Fans
Features
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 2,567 sqft
- Finished area above ground: 2,567
Property
Parking
- Total spaces: 3
- Parking features: On Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Pool features: None
Lot
- Size: 7,405 sqft
- Dimensions: 50.00 x 150.00
Details
- Parcel number: 1430452004
- Zoning description: MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement, Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1931
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Pontiac
- Subdivision: RECREATION PARK ADD
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Contract
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$273,100