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For sale
  • Price cut: $55K (12/22)
    $345,000

    261 S Main St, Romeo, MI 48065

    4beds
    2,078sqft
    : 
    Multi Family
    Built in 1920
    -- sqft lot
    $343,700 Zestimate®
    $166/sqft
    $-- HOA

    What's special

    Well-maintained unitsSpacious half-acre lot
    Located in the vibrant and charming downtown Village of Romeo, Michigan, this rare 4-unit multi-family property offers a perfect blend of a convenient lifestyle and the perfect investment opportunity. Each of the four well-maintained units features a one-bedroom, one-bathroom layout designed for comfortable, efficient living with a new roof in 2024 offering additional peace of mind. Interior pictures show a once booming Airbnb, currently three units are occupied and the fourth has great long term rental appeal or potential for an Airbnb. Situated on a spacious half-acre lot, there's plenty of room to enjoy and relax. A bonus: the detached garage in the backyard is also rented, adding another stream of passive income. Just steps from Romeo’s shops, local dining, and year-round events, this property offers an authentic small-town atmosphere with all the modern conveniences. Whether you're looking to expand your portfolio or live in one unit while renting the others, this property offers flexibility to suit your investment goals. Each unit has its own separate electrical meter for simplified management.
    111 days
    |
    1,506
    |
    49
    |

    Zillow last checked: 8 hours ago

    Listing updated: December 22, 2025 at 09:04am

    Listed by:

    Joseph Petzold 586-212-1634,

    Wessel Realty 586-212-1634

    Source: Realcomp II,MLS#: 20251035468MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Forced Air, Natural Gas
    Features
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,078 sqft
    • Finished area above ground: 2,078

    Property

    Parking
    • Total spaces: 4
    • Parking features: Assigned, Garage
    • Has garage: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered, Porch
    • Pool features: None
    Lot
    • Size: 0.51 Acres
    • Dimensions: 55 x 404
    Details
    • Parcel number: 0402136016
    • Zoning description: MultiFamily
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Quadruplex
    • Property subtype: Multi Family
    Materials
    • Wood Siding
    • Foundation: Michigan Basement
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Sidewalks
    • Subdivision: A/P # 08 ROMEO/WASH
    Location
    • Region: Romeo

    Financial & listing details

    • Price per square foot: $166/sqft
    • Tax assessed value: $155,900
    • Annual tax amount: $9,106
    • Date on market: 9/11/2025
    • Cumulative days on market: 111 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
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    Estimated market value

    $343,700

    $327,000 - $361,000

    $1,944/mo

    Price history

    Price history
    DateEventPrice
    12/22/2025Price change$345,000-13.8%$166/sqft
    Source: Realcomp II #20251035468 Report a problem
    12/4/2025Price change$400,000-5.9%$192/sqft
    Source: Realcomp II #20251035468 Report a problem
    11/15/2025Price change$425,000-5.6%$205/sqft
    Source: Realcomp II #20251035468 Report a problem
    9/25/2025Price change$450,000-5.3%$217/sqft
    Source: Realcomp II #20251035468 Report a problem
    9/11/2025Listed for sale$475,000+33.2%$229/sqft
    Source: Realcomp II #20251035468 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$9,336 +19.4%$155,900 -1.9%
    2024$7,817 +45%$158,900 +11.1%
    2023$5,390 +20%$143,000 +15.6%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $2,153/mo
    Principal & interest
    $1644
    Property taxes
    $388
    Home insurance
    $121

      Climate risks

      Neighborhood: 48065

      Nearby schools

      GreatSchools rating

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