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    Parchment, MI Apartment Buildings for Sale

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    Fully Occupied 8-Unit Apartment Building
    $500,000
    0.30 Acres

    Fully Occupied 8-Unit Apartment Building

    114 E Thomas St, Parchment, MI 49004

    Solid brick, low-maintenance apartment building with strong rental history.

    • Solid brick 8‑unit apartment building
    • Fully occupied with on‑site management, ensuring smooth operations
    • Strong rental history, a testament to its desirability
    • Low‑maintenance design
    • Each unit features 1 bed, 1 bath, and private storage
    Updated: Dec 18, 2025
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    Parchment Multifamily Investment Opportunity
    $1,700,000
    0.75 Acres

    Parchment Multifamily Investment Opportunity

    503 N Riverview Dr, Parchment, MI 49004

    24-unit apartment complex in prime location with value-add potential.

    • Prime rental market location with excellent occupancy history and long‑term tenant stability.
    • Strong potential for value‑add by converting up to 19 units into 2‑bedroom units.
    • Currently generating approximately $20,000 in total monthly revenue.
    • 24‑unit complex featuring mostly spacious 1‑bedroom units and a single 2‑bedroom unit.
    • Includes 25 total parking spaces (carport and lot) and two coin laundry rooms.
    Updated: Dec 3, 2025
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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Parchment, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Explore Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historic Queen Anne-Style Property
    $149,999
    0.23 Acres

    Historic Queen Anne-Style Property

    Revitalizing neighborhood property with multi-family or commercial zoning.

    836 W North St, Kalamazoo, MI 49007
    View details
    Kalamazoo Office-to-Residential Conversion Opportunity
    Pending
    $935,000
    9,354 SF

    Kalamazoo Office-to-Residential Conversion Opportunity

    Office building suitable for residential conversion near WMU Med School.

    126 W South St, Kalamazoo, MI 49007
    View details
    Historic Grainery Converted Townhouse Building
    $450,000
    0.15 Acres

    Historic Grainery Converted Townhouse Building

    Unique income-producing property with endless possibilities in Plainwell, MI.

    721 E Bridge St, Plainwell, MI 49080
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    Historic Grainery Townhouse Building
    $450,000
    5,142 SF

    Historic Grainery Townhouse Building

    Unique 3-unit townhouse with historic character and income potential.

    721 E Bridge St, Plainwell, MI 49080
    View details

    Parchment, MI Apartment Buildings Investment Opportunities Market Analysis

    Explore 2 apartment buildings for sale in Parchment, MI on our real estate platform. These investment opportunities span a total of 45,738 square feet of properties for sale, with an estimated market value of $2,200,000.

    Prices for two-family homes in Parchment, MI start at $500,000, averaging $1,100,000, and reaching up to $1,700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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