$1,100,000
Jackson, MI 49203
MLS# 26030627
1 / 91
Property Description
Income-producing 12-unit multifamily portfolio featuring an 8-unit building at 504-506 First St. and a 4-unit building at 510 First St. Offered as one package, this value-add investment provides immediate cash flow with upside potential through continued stabilization and rent optimization. Current gross income is approximately $101,000 annually with a current NOI of $63,000 and a 5.75% cap rate. Seller projections indicate potential stabilization to over $105,000 NOI and a cap rate approaching 9.6%. Located in a strong rental market with high renter occupancy, limited inventory, and consistent housing demand. Excellent opportunity for investors seeking workforce housing, multifamily assets, portfolio expansion, or a 1031 exchange acquisition in Jackson, Michigan.
Details
Location & Property Info
Cross Streets: Franklin & Mason
Property Sub-Type: 5+ Units
Municipality: Jackson City
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 62 x 135
Road Frontage: 62
Waterfront: No
Basement: Yes
Total # Units: 8
# of Diff Unit Floor Plans: 8
Total # Bldgs: 2
Total Parking Spaces: 12
School District: Jackson
Lot Measurement: Acres
Lot Square Footage: 8276
Lot Acres: 0.19
Year Built: 1930
Tax Info
Taxable Value: 91100
SEV: 91100
For Tax Year: 2025
Seller's Annual Property Tax: 1753
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: none
Tax ID #: 3-000700000 & 3-000800000
Remarks & Misc
Public Remarks: Income-producing 12-unit multifamily portfolio featuring an 8-unit building at 504-506 First St. and a 4-unit building at 510 First St. Offered as one package, this value-add investment provides immediate cash flow with upside potential through continued stabilization and rent optimization. Current gross income is approximately $101,000 annually with a current NOI of $63,000 and a 5.75% cap rate. Seller projections indicate potential stabilization to over $105,000 NOI and a cap rate approaching 9.6%. Located in a strong rental market with high renter occupancy, limited inventory, and consistent housing demand. Excellent opportunity for investors seeking workforce housing, multifamily assets, portfolio expansion, or a 1031 exchange acquisition in Jackson, Michigan.
Legal: LOT 4 BLK 8 LIVERMORE WOOD & EATON'S ADD
Util Avail at Street
Electricity Available: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Laundry Features
Gas Dryer Hookup: 1
In Basement: 1
Washer Hookup: 1
Exterior Material
Wood Siding: 1
Other: 1
Heat Source
Other: 1
Sale Conditions
None: 1
Heat Type
Baseboard: 1
Radiant: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Asphalt: 1
Substructure
Full: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: Unit 1
SqFt: 700
Monthly Rent: 1200
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range Oven: 1
Refrigerator: 1
Unit 2
Unit #: 2
Unit Description: Pay own gas & elect
SqFt: 700
Monthly Rent: 900
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 3
Unit #: 3
Unit Description: Pay own electricity
SqFt: 700
Monthly Rent: 100
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 4
Unit #: 4
Unit Description: Pay own gas & elect
SqFt: 700
Monthly Rent: 1000
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 5
Unit #: 5
Unit Description: Utilities included
SqFt: 500
Monthly Rent: 925
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 6
Unit #: 6
Unit Description: 504 #1
SqFt: 500
Monthly Rent: 785
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 7
Unit #: 7
Unit Description: Top Unit- pay elect
SqFt: 580
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Refrigerator: 1
Monthly Rent: 950
Range/Oven: 1
Unit 8
Unit #: 8
Unit Description: Utilities included
SqFt: 500
Monthly Rent: 700
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Location Property Info
County: Jackson
Street #: 504-506***
Street Name: 1st
Suffix: Street
State: MI
Zip Code: 49203
Zip (4): 1774
OfficeContract Info
Status: Active
Current Price: $1,100,000
List Price: $1,100,000
Listing Date: 2026-06-19
Property Features
Laundry Features: Gas Dryer Hookup; In Basement; Washer Hookup
Exterior Material: Wood Siding; Other
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Other
Heat Type: Baseboard; Radiant
Driveway: Asphalt
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Unit 3: Range/Oven; Refrigerator
Unit 4: Range/Oven; Refrigerator
Unit 5: Range/Oven; Refrigerator
Unit 6: Range/Oven; Refrigerator
Unit 7: Refrigerator; Range/Oven
Unit 8: Range/Oven; Refrigerator
Listing Office: ERA Reardon Realty, L.L.C.
Listing Agent: Jennifer Chmielewski
Last Updated: June - 19 - 2026
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