Investor opportunity with three occupied rental units generating $2,300/month! The property includes a two-story duplex with upper and lower units plus a separate one-bedroom home and detached two-car garage. Current rents are $900 lower, $800 upper and $600 for the one-bedroom home, totaling $27,600 annually. Tenants pay all utilities except water. Improvements include siding on the duplex in 2022 and one-bedroom home in 2016, sewer line repair in 2019, replacement windows and doors, and a newer garage door. Offered at $189,900, this is a great opportunity to add an established income-producing property to your portfolio. The duplex could also be easily converted to a single family home.
Multi-familyProperty Type
1923Year Built
9,583 sq ftLot Size
$106Price/Sq.Ft.
2 car garageParking
Listed by Charles Lemerand• Coldwell Banker Haynes R.E. in Monroe
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
724 Laplaisance Rd · $189,900
$192K and above
75% chance or better to win
Why $192K+ is a strong offer
DAYS ON MARKET
49 days
The average home goes pending in 48 days.
SALE-TO-LIST
98.8%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Dishwasher
Dryer
Range/Oven
Refrigerator
Washer
Basement present
Bedrooms
Unit 1: bedrooms on the first floor
Unit 2: bedrooms on the second floor
Unit 3: bedroom on the first floor
Bathrooms
Three full bathrooms (total of 3 baths)
Kitchen
Range/Oven
Refrigerator
Dishwasher
Laundry & utility
Washer and Dryer included
Heating & cooling
Wall heat
Forced air heating
Natural gas fuel
Separate heat for units
Exterior features
Basement foundation
Home design
Multi-family property
2-story structure
Built in 1923
Corner lot location (corner of Laplaisance and Broadway)
Property faces west
Parking
Detached 2-car garage
Construction
Stone basement
Utilities
Public water
Public sanitary sewer
Separate electric for units
Separate gas for units
Natural gas
Financial info
Three-unit building
Electricity and solar
View estimated energy costs and solar savings for this home
Investor opportunity with three occupied rental units generating $2,300/month! The property includes a two-story duplex with upper and lower units plus a separate one-bedroom home and detached two-car garage. Current rents are $900 lower, $800 upper and $600 for the one-bedroom home, totaling $27,600 annually. Tenants pay all utilities except water. Improvements include siding on the duplex in 2022 and one-bedroom home in 2016, sewer line repair in 2019, replacement windows and doors, and a newer garage door. Offered at $189,900, this is a great opportunity to add an established income-producing property to your portfolio. The duplex could also be easily converted to a single family home.
MiRealSource-MiMLS #50218201
Aug 12, 2026
Listed
$189,900
$106/sq ft
MiRealSource-MiMLS #20016409
Nov 10, 2012
Listing Removed
—
Aug 10, 2011
Listed
$79,000
$44/sq ft
MiRealSource-MiMLS #1019579
Aug 3, 2011
Listing Removed
—
Feb 3, 2011
Listed
$89,900
$50/sq ft
MiRealSource-MiMLS #19602
Feb 27, 2010
Listing Removed
—
Feb 27, 2009
Listed
$119,900
$67/sq ft
MiRealSource-MiMLS #15666
Feb 24, 2009
Listing Removed
—
Aug 24, 2008
Listed
$139,900
$78/sq ft
MiRealSource-MiMLS #15789
Jul 30, 1999
Sold
$120,000
$67/sq ft
Jul 8, 1999
Listing Removed
—
Oct 15, 1998
Listed
$124,900
$70/sq ft
Public Records
Mar 24, 1988
Sold
$45,000
$25/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,281 (+4.0%)
2024
$3,154 (+4.9%)
2023
$3,007 (+4.5%)
2022
$2,878 (+3.1%)
2021
$2,792 (+5.9%)
2020
$2,636 (+4.4%)
2019
$2,525 (+2.7%)
2018
$2,458 (+2.1%)
2017
$2,407 (+2.0%)
2016
$2,360 (+1.6%)
2015
$2,323 (+7.0%)
2014
$2,171
Public record
Public record
Zoning
Beds
4
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
9,583 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,788
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,788
Year built
1923
Style
Single Family Residential
County
Monroe County
APN
55 39 00595 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
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Monroe, MI • 48161-1353
Average low and high temperatures (°F)
29
16
35
20
53
33
61
42
67
49
81
62
85
66
79
60
76
55
66
44
50
36
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Monroe. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.3 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 724 Laplaisance Rd
$185,445
$4,455 under list price of $190K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $135K to $205K.