2396 Fisher Street
Melvindale, MI 48122
Single Family Residence · MLS # 81026044665 · Listing courtesy of 3DX Real Estate, LLC
About this home
Great investment opportunity! Tenant-occupied house paying $1,300 per month in rent. This well-maintained 2-bedroom, 1-bath property offers a strong rental history and an existing tenant, making it an excellent addition to any rental portfolio. The home features a newer central air conditioning system, furnace, and hot water tank, providing important updates for the next owner. With a proven rental history and major mechanical updates already completed, this property offers immediate income potential with minimal hassle. Great opportunity for an investor looking for a solid rental in a convenient location.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Melvindale
Over the last 90 days, 29 homes sold in Melvindale for a median of $165,000, about $112 per square foot, and the typical one went under contract in 9 days. This home is listed at $100,000, or $144 per square foot, 29% above the city median, and has been on the market 11 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Melvindale sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $3,562 a year. A buyer who lives here would pay about $2,944 to $3,537 a year once the taxable value resets after the sale, at the 2025 homestead rate of 70.05 mills for Melvindale City and Melvindale Allen Pk 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 Melvindale
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, 5:27 PM.