Active contingent

$400,000

7038 Whitmore Lake Rd, Whitmore Lake, MI 48189

3beds

4baths

--sqft

Est.:

2 to 4 Units

Built in 1960

-- sqft lot

$388,300 Zestimate^®

$--/sqft

$-- HOA

What's special

Ranch-style unitsNew boilerNew roofNew water softenerNew vinyl plank flooring

Tri-plex located just north of the intersection at Whitmore Lake and N Territorial, only seconds from the freeway. All three ranch-style units are fully occupied with month-to-month leases, offering stable current income and flexibility for future plans. Commercial zoning allows for a wide range of development opportunities. Recent updates include a new roof, new boiler, new vinyl plank flooring, and a new water softener. This property sits in a desirable area with excellent accessibility, making it ideal for investors or developers. Strong income-producing asset with unlimited potential for redevelopment, expansion, or continued rental use.

14 days

1,563

59

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 4

Heating

Forced Air, Hot Water

Cooling

Wall Unit(s)

Features

Basement: Slab

Property

Parking

Total spaces: 3

Lot

Size: 1.08 Acres
Dimensions: 234 x 337 x 180 x 185

Details

Parcel number: B0219100009
Zoning description: GC

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Other
Roof: Metal

Condition

New construction: No
Year built: 1960

Utilities & green energy

Sewer: Septic Tank
Water: Well
Utilities for property: Phone Connected, Electricity Connected, Cable Connected

Community & HOA

Location

Region: Whitmore Lake

Financial & listing details

Tax assessed value: $79,502
Annual tax amount: $4,905
Date on market: 3/12/2026
Listing terms: Cash,Conventional
Tenant pays: Electricity, Gas
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$388,300

$369,000 - $408,000

$1,869/mo

Price history

Date	Event	Price
3/26/2026	Contingent	$400,000
Source: MichRIC #26009399 Report a problem
3/12/2026	Listed for sale	$400,000-5.9%
Source: MichRIC #26009399 Report a problem
12/9/2025	Listing removed	$425,000
Source: MichRIC #25025049 Report a problem
11/28/2025	Contingent	$425,000
Source: MichRIC #25025049 Report a problem
9/18/2025	Price change	$425,000-10.5%
Source: MichRIC #25025049 Report a problem
7/7/2025	Price change	$475,000-5%
Source: MichRIC #25025049 Report a problem
5/29/2025	Listed for sale	$500,000+550.2%
Source: MichRIC #25025049 Report a problem
2/16/1994	Sold	$76,900
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,757	$127,500 +5.8%
2024	--	$120,500 +8.1%
2023	--	$111,500 +5.6%
2022	--	$105,600 +2.3%
2021	--	$103,200 +2.5%
2020	$3,935	$100,700 +0.3%
2019	--	$100,400 -5.3%
2018	--	$106,000 +5.6%
2017	--	$100,400 +61.6%
2016	--	$62,120 +0.3%
2015	--	$61,935 +3.2%
2014	--	$60,000
2013	--	$60,000