Opportunity knocks at 4138 Lapeer Rd. This versatile, income-producing property offers flexibility that is getting harder to find and easier to profit from. Situated on nearly 1 acre, this 3-unit setup is ideal for investors, owner-occupants, or anyone looking to create a multi-generational living arrangement with built-in privacy. The main level features a spacious 2-bedroom unit complete with a full kitchen, full bath, comfortable living area, and an additional unfinished Florida room ready for your finishing touches. Upstairs offers a separate 1-bedroom unit with its own kitchen, living space, and potential for a second bedroom, along with a private walkout balcony. Above the garage, a third unit presents a value-add opportunity for the right buyer willing to put in some work and unlock additional rental income.
Major mechanical updates have already been taken care of, including a newer roof, furnace, and central air system, all replaced within the past 2 to 3 years. That means less upfront expense and more focus on cash flow or customization. Whether you are looking to house hack and offset your mortgage, expand your rental portfolio, or convert the property back into a spacious single-family home with separate living quarters, the options here are wide open. Functional, and full of potential. Properties like this do not sit long.
For sale
$179,900
4138 Lapeer Rd, Burton, MI 48509
3beds
1,514sqft
Est.:
Single Family Residence
Built in 1947
0.86 Acres Lot
$178,800 Zestimate®
$119/sqft
$-- HOA
What's special
- 14 days |
- 3,234 |
- 241 |
Zillow last checked: 7 hours ago
Listing updated: March 19, 2026 at 02:52am
Listed by:
Chad Eldridge 810-955-5630,
Real Estate For A CAUSE 810-344-7275
Source: Realcomp II,MLS#: 20261017162
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Level: Entry
- Area: 121
- Dimensions: 11 X 11
Bedroom
- Level: Second
- Area: 130
- Dimensions: 13 X 10
Bedroom
- Level: Entry
- Area: 110
- Dimensions: 11 X 10
Other
- Level: Entry
- Area: 36
- Dimensions: 6 X 6
Other
- Level: Second
- Area: 30
- Dimensions: 6 X 5
Other
- Level: Basement
- Area: 80
- Dimensions: 10 X 8
Great room
- Level: Second
- Area: 228
- Dimensions: 19 X 12
Kitchen
- Level: Entry
- Area: 182
- Dimensions: 14 X 13
Other
- Level: Second
- Area: 84
- Dimensions: 14 X 6
Living room
- Level: Entry
- Area: 198
- Dimensions: 18 X 11
Other
- Level: Second
- Area: 144
- Dimensions: 16 X 9
Other
- Level: Entry
- Area: 108
- Dimensions: 12 X 9
Heating
- Forced Air, Natural Gas
Cooling
- Ceiling Fans, Central Air
Features
- Basement: Partial,Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 1,514 sqft
- Finished area above ground: 1,514
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Two Car Garage, Attached
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: GroundLevelwSteps
- Patio & porch: Covered, Deck, Porch
- Exterior features: Balcony
- Pool features: None
- Fencing: Fencing Allowed
Lot
- Size: 0.86 Acres
- Dimensions: 125 x 300
Details
- Parcel number: 5915552043
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Aluminum Siding
- Foundation: Basement, Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: Well
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: SUBURBAN HOMESITES
HOA
- Has HOA: No
Location
- Region: Burton
Financial & listing details
- Price per square foot: $119/sqft
- Tax assessed value: $56,400
- Annual tax amount: $4,279
- Date on market: 3/17/2026
- Cumulative days on market: 14 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
$178,800
$170,000 - $188,000
$1,507/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/17/2026 | Listed for sale | $179,900+38.4%$119/sqft |
Source:  Realcomp II #20261017162 Report a problem | ||
| 1/6/2021 | Sold | $130,000-7.1%$86/sqft |
Source:  MiRealSource #50027562 Report a problem | ||
| 11/9/2020 | Pending sale | $139,900$92/sqft |
Source: MiRealSource #50027562 Report a problem | ||
| 10/27/2020 | Listed for sale | $139,900+367.9%$92/sqft |
Source: Allstate Properties.com #50027562 Report a problem | ||
| 12/31/2008 | Sold | $29,900$20/sqft |
Source: MiRealSource #20120382 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,398 | $74,700 +43.4% |
| 2023 | -- | $52,100 +0.8% |
| 2022 | -- | $51,700 +13.9% |
| 2021 | -- | $45,400 -1.5% |
| 2020 | -- | $46,100 +0.7% |
| 2019 | -- | $45,800 +16.2% |
| 2018 | $1,587 +4.9% | $39,400 |
| 2017 | $1,513 -0.6% | $39,400 +6.2% |
| 2016 | $1,523 | $37,100 |
| 2015 | $1,523 | -- |
| 2012 | -- | $31,900 -12.6% |
| 2011 | -- | $36,500 -9.9% |
| 2010 | -- | $40,500 -28.2% |
| 2008 | $190 | $56,400 +4.3% |
| 2006 | -- | $54,100 +5.7% |
| 2005 | -- | $51,200 +2.2% |
| 2004 | -- | $50,100 +26.2% |
| 2003 | -- | $39,700 +7.9% |
| 2002 | $616 +1.7% | $36,800 +5.1% |
| 2001 | $605 +10.9% | $35,000 +10.1% |
| 2000 | $546 | $31,800 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,157/mo
Principal & interest
$947
Property taxes
$210
More affordability tools
Climate risks
Neighborhood: 48509
Nearby schools
GreatSchools rating
- 6/10Barhitte Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 3/10Bentley Junior High SchoolGrades: 6-8Distance: 2.1 mi
- 6/10Bentley Senior High SchoolGrades: 9-12Distance: 2.1 mi
Local experts in 48509
- Michigan
- Genesee County
- Burton
- 48509
- 4138 Lapeer Rd
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