220 W Park Street
Lapeer, MI 48446
Multi Family · MLS # 20261027917 · Listing courtesy of Exit Realty Group
About this home
**Charming Duplex in the Heart of Lapeer!** Fully rented 2-unit property offering a great investment opportunity. The **main floor unit** features 2 spacious bedrooms, beautiful hardwood floors, a **newly updated bathroom**, convenient **laundry area**, and access to both a **side porch** and **garage**. The **upper unit** has a bright, open layout—perfect for easy living. All **appliances included** (refrigerators and stoves). Please allow **24-hour notice** for all showings. A perfect time to add a reliable rental to your portfolio! 📍 **220/222 W Park St, Lapeer**
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Lapeer
Over the last 90 days, 94 homes sold in Lapeer for a median of $272,000, about $153 per square foot, and the typical one went under contract in 15 days. This home is listed at $198,000, or $122 per square foot, 20% below the city median, and has been on the market 138 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Lapeer sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $2,062 a year. A buyer who lives here would pay about $1,285 to $2,936 a year once the taxable value resets after the sale, at the 2025 homestead rate of 29.36 mills for Lapeer City and Lapeer schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Lapeer
IDX information provided courtesy of Realcomp II Ltd. via The MJA Company at National Realty Centers, © 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data updated Nov 14, 2026, 8:18 PM.