UNIQUE THREE-UNIT INVESTMENT OPPORTUNITY! Excellent opportunity to own a duplex and detached single-family home on one parcel in an established Monroe neighborhood. This versatile property offers existing rental income with additional income potential. Duplex (902 E 8th Street): Fully occupied and currently generating $2,050 per month in gross rental income. Both tenants currently under lease. Features a spacious 3-bedroom lower unit, 2-bedroom upper unit, fenced yard, and separately metered gas and electric. Single-Family Home (906 E 8th Street): Recently updated 2-bedroom home featuring fresh professional paint, new flooring, and updated fixtures throughout. The home is sub-metered, with tenants responsible for gas, electric, and water, helping minimize owner-paid utility expenses. Vacant and ready for immediate occupancy, allowing the new owner to select their own tenant. POTENTIAL GROSS RENTAL INCOME OF $3,200"“$3,500 PER MONTH ($38,400"“$42,000 ANNUALLY) AT FULL OCCUPANCY! With three income-producing units across two separate buildings, this property offers an appealing combination of existing income, rental flexibility, and future investment potential. Ideal for investors looking to expand their portfolio or qualified owner-occupants interested in offsetting housing expenses with rental income. Don't miss opportunity to own this rare property. Schedule your private showing today! BTVAI
Central Monroe, located between the River Raisin and I-75, is a historic and civic Monroe neighborhood with a walkable downtown grid and riverfront parks. The neighborhood’s character concentrates around the Monroe Street and Front Street corridor, where brick storefronts, patios, and local counters set a steady day-to-night rhythm. The La-Z-Boy Center anchors the skyline with arena nights and community events. The River Raisin National Battlefield Park adds museum galleries and landscaped grounds to the daily loop. Architectural cues lean toward older commercial blocks and classic civic buildings, with pocket greenspaces along the water.
Provided by Walk Score and Local Logic
Offer insights
902 E 8th St · $239,900
$240K and above
75% chance or better to win
Why $240K+ is a strong offer
DAYS ON MARKET
23 days
The average home goes pending in 58 days.
SALE-TO-LIST
86.9%
Most homes are selling 13% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Block basement
Bathrooms
3 full bathrooms
Kitchen
Dishwasher, oven, refrigerator, range
Heating & cooling
Forced-air natural gas heating with separate meters
No cooling
Exterior features
Fenced
Home design
Multifamily property
Two stories
Construction
Vinyl siding
Block foundation
Utilities
Public water
Public sewer
HOA & community
Sidewalks
Financial info
Unit 1 actual rent: $1,060
Unit 2 actual rent: $995
Electricity and solar
View estimated energy costs and solar savings for this home
Highest and Best due Wednesday May, 18 at 8:00 pm Charming Duplex in Monroe with a stand alone house. 2 buildings on 1 lot. 3 units Altogether. Live in the house and rent out the other two units. All Three Units are Recently Painted Perfect Investment Opportunity or Starter Home. Separate Entrances For Each Unit Makes For Great Privacy. Private Backyard is Fenced, Perfect For Kids & Pets to Play, Entertaining Friends & Family, or Starting Your Own Garden. Separate gas and Electric, water is shared. This property offers a great owner-user opportunity or take advantage of a great investment return.
REALCOMP #57050074549
Jun 3, 2022
Sold
$150,000
$53/sq ft
May 19, 2022
Pending
—
May 17, 2022
Listed
$149,000
$53/sq ft
MiRealSource-MiMLS #21451209
Jul 31, 2018
Sold
$125,000
$44/sq ft
Jun 21, 2018
Pending
—
May 22, 2018
Listed
$129,900
$46/sq ft
REALCOMP #57021451209
Jul 31, 2018
Sold
$125,000
$44/sq ft
May 22, 2018
Listed
$129,900
$46/sq ft
Public Records
Jan 11, 2017
Sold
$110,000
$39/sq ft
Greater Lansing AoR #20386685
Nov 10, 2016
Sold
$110,000
$39/sq ft
Sep 26, 2016
Pending
—
Apr 28, 2016
Price Changed
$110,000
$39/sq ft
Jan 7, 2016
Listed
$135,000
$48/sq ft
Nov 14, 2013
Listed
$110,000
$39/sq ft
REALCOMP #57020386685
Nov 10, 2016
Sold
$110,000
$39/sq ft
Nov 14, 2013
Listed
$110,000
$39/sq ft
Public Records
Sep 8, 1989
Sold
$50,000
$18/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,314 (+3.1%)
2024
$5,152 (+4.5%)
2023
$4,930 (+22.4%)
2022
$4,028 (+3.7%)
2021
$3,886 (−3.4%)
2020
$4,023 (+3.6%)
2019
$3,882 (+18.7%)
2018
$3,271 (+2.1%)
2017
$3,203 (+31.6%)
2016
$2,435 (+1.5%)
2015
$2,398 (+3.9%)
2014
$2,308
Public record
Public record
Zoning
Permits
Beds
5
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
3,485 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,006
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,006
Year built
1923
Style
Single Family Residential
County
Monroe County
APN
55 49 00878 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 14, 2026.
R-3
Single-Family Residential District
The R-3, Single-Family Residential District, is intended primarily for single-family residential development and for associated educational and institutional uses. The permitted uses and standards of these districts are intended to achieve the following objectives: To encourage the continued use of the land for single-family dwellings which are compatible with the established character of the Citys dominant neighborhood type; To prohibit uses that would disrupt the character of the existing single-family neighborhoods; To encourage the discontinuance of existing uses that would not be permitted as new uses under the provisions of this chapter; To discourage land uses which would generate traffic on minor local streets atypical of that in single family neighborhoods; To accommodate low-intensity non-residential facilities where such uses could be compatible with the neighborhoods within this district.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Senior
Bed & breakfast
Park & open space
Oct 9, 2018 • Final
Mechanical
Plumbing
Water heater
Mar 12, 2018 • Final
Electrical
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Historical weather
Monroe, MI • 48161
Average low and high temperatures (°F)
29
16
35
20
53
33
61
42
67
49
81
62
85
66
79
60
76
54
65
45
50
36
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 902 E 8th St
$227,448
$12K under list price of $240K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $105K to $240K.