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    223 W Washington Ave Jackson, MI 49201

    For Sale
    $465,000

    MULTI_FAMILY - Jackson, MI

    Lot size:
    0.20 Acres
    Days on Market:
    95
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 223 W Washington Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 6, Bathroom 2, Bathroom 5, Basement, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 3, Bathroom 6, Bedroom 1
    Bedrooms
    6
    APN
    4-019300000
    Parking
    6
    Parking features
    Driveway
    Basement
    Full, Walk-Out Access
    Lot size
    0.20 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating)

    Building Details

    Year built
    1950
    Number of units
    6
    Building materials
    Brick

    NCDG REALTY & PROPERTY MANAGE (517) 796-6148

    Listing agent Pouria Namazi

    Listing date Sep 11, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Jackson Multifamily Investment Opportunity

    This is a fully occupied 6-unit brick multifamily building located in downtown Jackson. The property, situated at 223 W Washington Ave, is a city-certified rental property for 2024. The building features 4,872 square feet of updated living space. The property is zoned C-3 and is located in a high-demand rental area. Tenants have access to coin-operated laundry and basement storage. The location provides easy access to restaurants, shops, and public transit, including the Amtrak station. The property generates over $60,000 per year in gross income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    Jackson
    County
    Jackson
    State
    Michigan
    Longitude
    -84.410445
    Latitude
    42.24533

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied 6-unit building in downtown Jackson with strong income.
    Where is this apartment building located?
    The property is located at 223 W Washington Ave Jackson, MI.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: - Fully occupied 6-unit brick multifamily building in Downtown Jackson.; - **$60,000+/year gross income** with strong cash flow and high cap rate.; - Low-maintenance, city-certified rental property (2024) with zero vacancy.
    (310) 717-3667
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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
    223 W Washington Ave Jackson, MI 49201
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