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8-Unit Apartment Building
For Sale
$249,900

3987 W M 50 Highway, Tipton, MI 49287

MULTIFAMILY, 2 Story, Tipton, MI

Property Size7,200 SF
Lot Size0.18 Acres
Price / SF$34.71
Days on Market374

Property Features for 3987 W M 50 Highway

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Commercial
Bedrooms 17
Bathrooms 8
Full bathrooms 8
Rooms Bedroom 5, Bathroom 5, Bedroom 4, Bedroom 2, Bathroom 8, Bathroom 7, Bedroom 8, Bedroom 15, Bedroom 10, Bedroom 11, Bathroom 6, Bedroom 13, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 7, Bathroom 2, Bedroom 17, Bedroom 3, Bedroom 16, Bedroom 14, Bedroom 1, Bedroom 6, Bedroom 9, Bedroom 12
Lot features Corner Lot
Elementary school district Tecumseh Public Schools
Middle school district Tecumseh Public Schools
High school district Tecumseh Public Schools
Subdivision Franklin Twp (46008)
Standard status Active
APN FR0 520 0340 00
Size 7,200 SF
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1775

Utilities

Heating system Forced Air
Water source Private

Building Details

Year built 1900
Floors in Building 2
Number of units 8
Architectural style Other
Listing Agency: Goedert Real Estate - Adr
Listed By: Mark Goedert · License #6502127023 & 6502127024
Added: Sep 2, 2025 Changed: Sep 1 Last Checked: Sep 10 at 8:06AM
MLS# 50187220

Copyright © 2026 Lenawee 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.

Investment Insights

Based on property information with market context.

This two-story apartment property contains 8 units within a 7,200-square-foot building on a 0.18-acre parcel. Constructed in 1900, the building is served by forced-air heating and a private water source. The room inventory includes 17 bedrooms and 8 bathrooms.

Located at 3987 W M 50 Highway in Tipton, Michigan, the property offers access to Brooklyn, Tecumseh, Manchester, Jackson, and Dundee. Its highway address provides a direct reference point for residents and visitors traveling through the area.

Key Highlights

  • 8‑unit apartment property in Tipton
  • 7,200‑square‑foot building on 0.18 acres
  • Two‑story construction completed in 1900

Property Analytics

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Current Use

Apartment buildings

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

17
Businesses Nearby

Demographics for 49287, MI

1,949
Population
1,055
Households
1.8
Avg Household Size
49
Median Age
15%
College-Educated
94%
High-School Grad
28.0 sq mi
ZIP Area
70
Density / Sq Mi
$87,411
Median Household Income
$41,397
Median Earnings
$773
Median Rent
$235,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story property with forced-air heating and private water service.
Where is this apartment building located?
The property is located at 3987 W M 50 Highway Tipton, MI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 8‑unit apartment property in Tipton; 7,200‑square‑foot building on 0.18 acres; Two‑story construction completed in 1900
More about this property
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