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.
For sale
Price cut: $55K (12/22)
$345,000
261 S Main St, Romeo, MI 48065
4beds
2,078sqft
Est.:
Multi Family
Built in 1920
-- sqft lot
$343,700 Zestimate®
$166/sqft
$-- HOA
What's special
Well-maintained unitsSpacious half-acre lot
- 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#: 20251035468
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
Estimated market value
$343,700
$327,000 - $361,000
$1,944/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/22/2025 | Price change | $345,000-13.8%$166/sqft |
Source: | ||
| 12/4/2025 | Price change | $400,000-5.9%$192/sqft |
Source: | ||
| 11/15/2025 | Price change | $425,000-5.6%$205/sqft |
Source: | ||
| 9/25/2025 | Price change | $450,000-5.3%$217/sqft |
Source: | ||
| 9/11/2025 | Listed for sale | $475,000+33.2%$229/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
- 5/10Amanda Moore Elementary SchoolGrades: K-5Distance: 0.6 mi
- 7/10Romeo Middle SchoolGrades: 6-8Distance: 0.8 mi
- 8/10Romeo High SchoolGrades: 9-12Distance: 3 mi
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