$139,900
231 W 7th Street
Monroe, MI, 48161
Turnkey duplex with projected gross rental income of approximately **$23,400 per year ($1,950/month)**. Both units are vacant, giving the new owner the opportunity to immediately place tenants at market rents or owner occupy one unit while generating rental income from the other. **Immediate possession means you can begin generating rental income without waiting for existing leases to expire.** Fresh paint, new carpet, and numerous updates make this property move-in and rent-ready. Separate gas and electric meters simplify tenant utility responsibilities. The spacious lower unit includes exclusive access to the full basement, while the upper 2-bedroom unit features an oversized attic offering exceptional storage space.
Property Details
Price:
$139,900
MLS #:
50213050
Status:
Active
Beds:
0
Baths:
2
Type:
Single Family
Subdivision:
Monroe City
Listed Date:
Jun 27, 2026
Lot Size:
6,098 sqft / 0.14 acres (approx)
Year Built:
1903
Schools
Interior
Heating
Forced Air
Exterior
Construction Materials
Aluminum Siding, Block
Lot Features
Corner Lot
Financial
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Map
Current real estate data for Single Family in Monroe as of Aug 26, 2026
119
Single Family Listed
90
Avg DOM
166
Avg $ / SqFt
$308,352
Avg List Price
Community
- Address231 W 7th Street Monroe MI
- SubdivisionMonroe City
- CityMonroe
- CountyMonroe
- Zip Code48161
Subdivisions in Monroe
Similar Listings Nearby
Property Summary
- Located in the Monroe City subdivision, 231 W 7th Street Monroe MI is a Single Family for sale in Monroe, MI, 48161. It is listed for $139,900 and features 0 beds, 2 baths, and has approximately 0 square feet of living space, and was originally constructed in 1903. The average price per square foot for Single Family listings in Monroe is $166. The average listing price for Single Family in Monroe is $308,352.
231 W 7th Street
Monroe, MI