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51 Spokane Drive, 
Pontiac, MI 48341

$1,900,000


Bed


18

Baths


12,746

Sq Ft


Multi-Family

Active

Listed by

James T Silver

Keller Williams Somerset

Keller Williams Paint Creek

248-649-7200

Last updated:

April 19, 2026, 09:59 AM

MLS#

20261018060

Source:

MI REALCOMP

About This Home

51 Spokane Drive

Rare opportunity on this turn-key, profitable, cash-flowing property! Total of 18 two-bedroom units averaging approximately $1,130/month and roughly 800 sq. ft. each. 17 of the 18 units are currently occupied with tenants current on rent. Property features individual natural gas furnaces for each apartment along with separate utility setups, including individual water meters—ideal for efficient management and expense control. Each unit offers a private entrance and basement. Extensive updates throughout: 9 units have been fully renovated within the last 4 years, and 16 bathrooms have been completely updated. A new roof was installed across the entire complex in 2024 with a 20-year transferable warranty. Additional improvements include new concrete walkways in the courtyard, cultured stone on 9 porches, newly shingled porch overhangs, updated front exterior doors, glass block windows in every unit, newer gutters, trim, and exterior security lighting. The west side of the building also features a newer asphalt parking lot. 12 units include central air, and 10 units have newer furnaces. Security camera system in place for added peace of mind. One master key provides access to the building for convenience. Please do NOT approach property or tenants without a confirmed showing appointment. Strong upside potential with projected NOI of $259,200 through rent increases on under-market units and leasing the remaining vacancy.

Home Facts

Multi-Family

18 Baths

Built in 1940

Price Summary

1,900,000

$149 per Sq. Ft.

MLS #:

20261018060

Last Updated:

April 19, 2026, 09:59 AM

Added:

16 day(s) ago


Rooms & Interior

Bathrooms

Total Bathrooms:

18

Full Bathrooms:

18

Interior

Living Area:

12,746 Sq. Ft.


Structure

Structure

Year Built:

1940


Lot

Lot Size (Sq. Ft):

50,094


Finances & Disclosures

Finances

Price:

$1,900,000

Price per Sq. Ft:

$149 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.