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    101 Sibben St Manistee, MI 49660

    New
    For Sale
    $309,000

    MULTI_FAMILY - Manistee, MI

    Lot size:
    0.25 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 7:06 pm

    Property Features for 101 Sibben St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 4, Basement, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1
    Bedrooms
    4
    APN
    51-512-275-01
    Parking
    4
    Basement
    Full
    Lot size
    0.25 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Window Unit(s)
    Water front features
    Lake
    Water front
    1

    Building Details

    Year built
    1880
    Number of units
    3
    Building materials
    Wood Siding
    Roof type
    Composition

    CENTURY 21 Northland (231) 723-6100

    Listing agent Virginia M Pelton (231) 723-6100

    Listing date Dec 3, 2025

    MLS# 25060461 Listing URL

    Copyright © 2025 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Multi-Unit Property Overlooking Lake

    This historic multi-unit property offers an investment opportunity with views of Manistee Lake and proximity to downtown Manistee. The property has the potential for four income-producing apartments. Apartment B is currently operating as a furnished, turn-key Airbnb. Apartments C and D are occupied by long-term renters, providing consistent income. Apartment A is a lower-level walkout space ready for development as a new rental unit, owner's suite, or additional Airbnb. Additional features include assigned off-street parking and historic character. The property is near Lake Michigan beaches, local shops, restaurants, and the Manistee Riverwalk. The property offers flexibility, charm, and potential for a mixed-use income strategy. Owners are responsible for water, sewer, and refuse. Apartment B's Airbnb has a new furnace. Apartment C has a wall furnace and is on a month-to-month lease at $800 per month, including utilities. Apartment D has a lease at $800 per month and pays for electric and gas. All units have separate meters for electric and gas. Updates to the building include exterior paint with trim and porches, exterior repairs, exterior porch dusk-to-dawn lighting plus motion detecting light for back apartments' foyer, a new furnace planned for the spring of 2025, multiple new window packages throughout, landscaping, and interior designing and furnishings for apartment B. The lot size is 0.25 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manistee
    County
    Manistee
    State
    Michigan
    Longitude
    -86.314022
    Latitude
    44.245458

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    FAQs

    What type of property is this?
    Apartment building - Investment opportunity with lake views and income potential.
    Where is this apartment building located?
    The property is located at 101 Sibben St Manistee, MI.
    What is the asking price?
    The asking price for this property is $309,000.
    What are key features of this property?
    This property features: - Four potential income-producing apartments with immediate revenue generation.; - Successful turn-key Airbnb (Apartment B) included, fully furnished and ready for continued short-term rental income.; - Stable, consistent income from long-term renters in Apartments C & D.
    (231) 723-6100
    Request Owner's contact information
    101 Sibben St Manistee, MI 49660
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    Manistee, MI 49660
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 Sibben St Manistee, MI 49660
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