$325,000
$5K PRICE DROP

11472 E Lippincott Blvd Davison, MI 48423

Estimated payment $2,161/month

Total Views 2,153
-- Bed
3 Baths
2,885 Sq Ft
$113 Price per Sq Ft

Highlights

  • 5 Acre Lot
  • Shed
  • 8 Car Garage
  • Hill Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

Rare opportunity to own a well-maintained 3-unit multifamily property situated on 5 beautiful acres in Davison! All three units offer 2 bedrooms and 1 full bath, making this a fantastic investment or owner-occupant opportunity. The current owner occupies the spacious lower/main unit, which features a full basement, enclosed front porch, large deck, and 2-car garage. The upper unit offers a very similar floor plan with its own separate entrance, while the back unit features a charming Cape Cod-style layout with a private back patio. Major updates have already been completed, including brand new furnaces, central A/C units, water heaters, and a new roof for added peace of mind. New flooring will be installed in the main unit prior to closing, along with new drywall improvements in the back unit. There is also a dedicated laundry room area below the stairs to the upper unit that was created for the upper and back units and just needs finishing touches. Excellent income potential with all units separately metered. The upper unit is currently leased through November at $800/month, and the tenant would love to stay long term (and is aware of potential rent adjustments). Tenant just left back unit, also at $800/month. Estimated market rents are approximately $1,500–$1,800/month for the main unit with basement and garage, $1,200/month for the upper unit, and $1,000/month for the back unit. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property offers incredible flexibility, updates, and long-term value! There is also amazing opportunity to add even more value to this property with some minor interior updating. With all big ticket items being brand new, this property is a gem! But wait, there is more...home appraised last year for the price that we are listing it for this year! Owner is downsizing into a ranch and has agreed to list this to sell fast!

Listing Agent

Jason White

EXP Realty - Fenton License #6506048431 Listed on: 05/06/2026

EXP Realty - Fenton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1945

Lot Details

  • 5 Acre Lot
  • Lot Dimensions are 363 x 594

Parking

  • 8 Car Garage

Home Design

  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Well

Additional Features

  • 3 Full Bathrooms
  • Shed
  • Basement

Listing and Financial Details

  • Assessor Parcel Number 0523200010

Community Details

Overview

  • 3 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,778

Year Built

Built in 1945

Lot Details

5 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Year Built: 1945
  • State Equalized Value: 137900.00
  • Pets Allowed: Yes
  • Property Sub Type: MultiFamily
  • Co List Office Mls Id: 375382126
  • Above Grade Finished Sq Ft: 2885.00
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Full Bathrooms: 3
  • Below Grade Sq Ft: 200.00

Exterior Features

  • Waterfront: No
  • Foundation Details: Basement, Block
  • Construction Materials: VinylSiding
  • Road Frontage Type: Gravel
  • Sideof Street: S
  • Disclosures: ExclusionsDoNotExist, NoRestrictions, ProjectedIncome, TaxesPartiallyHomesteadExempt
  • Exclusions: Exclusion(s) Do Not Exist
  • Other Structures: Sheds
  • Roof: Asphalt

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 8.00

Utilities

  • Cooling: CentralAir
  • Heating: Electric, ForcedAir, Propane
  • Sewer: SepticTank
  • Water Source: Well

Schools

  • Junior High Dist: Davison

Lot Info

  • Lot Dimensions: 363 x 594
  • Parcel Number: 0523200010
  • Land Lease Expiration Date: 2027-04-30
  • Zoning Description: Residential

Rental Info

  • Rent Includes: Sewer, Water
  • Monthly Rental Income: 800.00

Tax Info

  • Tax Amount Summer: 824.00
  • Tax Amount Winter: 3954.00
  • Tax Annual Amount: 4778.00

Multi Family

  • Gross Scheduled Income: 9600.00
  • Number Of Units Total: 3
  • Above Grade Finished Area Units: SquareFeet

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $824 $137,900 $0 $0
2024 $802 $130,200 $0 $0
2023 $765 $117,900 $0 $0
2022 $4,046 $104,500 $0 $0
2021 $4,013 $95,400 $0 $0
2020 $687 $90,200 $0 $0
2019 $676 $77,700 $0 $0
2018 $3,477 $67,900 $0 $0
2017 $3,371 $67,900 $0 $0
2016 $3,320 $65,700 $0 $0
2015 -- $60,800 $0 $0
2012 -- $50,400 $50,400 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2026 05/23/26 Price Changed $325,000 -1.5% $113 / Sq Ft
05/06/2026 05/06/26 For Sale $330,000 -- $114 / Sq Ft
Source: Realcomp

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Realcomp

MLS Number: 20261032111

Realcomp

APN: 05-23-200-010

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