873 - 875 Nottingham Road
Grosse Pointe, MI 48230
Multi Family · MLS # 81026039047 · Listing courtesy of Live North Real Estate LLC
About this home
Discover an incredible turnkey multi-family investment or house-hacking opportunity in Grosse Pointe Park! This all-brick duplex features two spacious units, each offering a 2-bedroom, 1-bathroom layout. Enjoy instant cash flow with the upper unit currently tenant-occupied on a month-to-month lease at $1,650/month, while the lower unit is vacant and completely move-in ready for an owner-occupant or new renter. Both units are beautifully remodeled with updated kitchens, modern bathrooms, and fresh paint throughout. Major capital improvements include a new roof, an updated front porch, and energy-efficient ductless mini-split ACs. The property also boasts a newer 2-car garage, separate tenant utilities, and a full basement with shared laundry. Perfect for income generation or multi-generational living, this prime real estate investment is ready for your portfolio!
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Grosse Pointe
Over the last 90 days, 53 homes sold in Grosse Pointe for a median of $480,000, about $194 per square foot, and the typical one went under contract in 6 days. This home is listed at $399,900, and has been on the market 73 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Grosse Pointe sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $10,059 a year. A buyer who lives here would pay about $8,448 to $11,020 a year once the taxable value resets after the sale, at the 2025 homestead rate of 54.57 mills for Grosse Pointe Park City and Grosse Pointe 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 Grosse Pointe
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