Active

504-506*** 1st Street

Jackson, Michigan 49203

$1,100,000 $4,637/Mo

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Overview

Bed

Bath

0.19

Acre(Lot)

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.

Property Details

Property Type : Multifamily

Price : $1,100,000

AD Id : 85501541

MLS Id : 55026030627

Beds : 12

Lot Size : 0.19 Acre

Year Built : 1930

County : Jackson

Map

What's Nearby

Nearby Areas

Features

Interior Features

Laundry Facility
Heating & Cooling

Heating: Baseboard,Radiant Heating Fuel: Other

Building Information

Year Built: 1930 Total Units: 8
Utility Features

Sewer: Sewer (Sewer-Sanitary),Sewer at Street
Water

Public (Municipal)

Lot Information

Lot Size: 0.19 Lot Dimensions: 62 x 135 Frontage Feet: 62
Property Information

Financing: Cash,Conventional

Listing Price Information

Original List Price: $1,100,000
Listing Information

Legal Description: LOT 4 BLK 8 LIVERMORE WOOD & EATON'S ADD

Tax Information

Annual Tax: $1,753 Parcel Number: 3-000700000 & 3-000800000
Legal Information

Legal Description: Section: LOT 4 BLK 8 LIVERMORE WOOD & EATON'S ADD

Unit 1 Information

# of Bedrooms: 4
Unit 2 Information

# of Bedrooms: 4

School Information

School District: Jackson
Utility Information

Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary),Sewer at Street

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
242 W High Street , Jackson, MI, 49203	$99,900	4	--	--
1038 S West Avenue , Jackson, MI, 49203	$229,900	4	--	--
1033 1st Street , Jackson, MI, 49203	$92,000	2	--	--
734-736 Briarcliff Road , Jackson, MI, 49203	$258,000	4	2	1,764	1,764 SqFt
127 W Wilkins Street , Jackson, MI, 49203	$330,000	11	--	--

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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 06/20/2026 @ 14:31

MLS: 55026030627 LISTED BY: Jennifer Chmielewski , ERA Reardon Realty, L.L.C. 517-782-2996 SOURCE: Realcomp II Ltd