Multi-Family Investment
For Sale
$805,000
409 Connor Street, Onsted, MI 49265
MULTI_FAMILY - Onsted, MI
Lot Size0.31 Acres
Days on Market359
Property Features for 409 Connor Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
14
Full bathrooms
7
Rooms
Bathroom 1, Bedroom 14, Bedroom 1, Bedroom 4, Bathroom 5, Bedroom 3, Bathroom 7, Bedroom 2, Bathroom 2, Bathroom 6, Bathroom 4, Bedroom 5, Bedroom 10, Bathroom 3, Bedroom 6, Bedroom 8, Bedroom 12, Bedroom 7, Bedroom 13, Bedroom 9, Bedroom 11
Parking
14
Parking features
Driveway
Basement
Crawl Space
Elementary school district
Onsted
Middle school district
Onsted
High school district
Onsted
Subdivision
Lenawee County - Y
Standard status
Active
APN
CA8-460-0600-00
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 60 ALSO S 35 FT LOT 61 ONSTEDS ADD TO VILLAGE OF ONSTED
Tax Annual Amount
8385
Legal Description
LOT 60 ALSO S 35 FT LOT 61 ONSTEDS ADD TO VILLAGE OF ONSTED
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1990
Number of units
7
Building materials
Aluminum Siding
Listing Agency:
Pellow Realty Group
(586) 322-3975
Listed By:
Rebecca Kellar · License #6501313703
(586) 563-8177
Added: Aug 6, 2025
Changed: Jul 25
Last Checked: Jul 30 at 1:06PM
MLS# 25039715
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Investment Insights
Based on property information with market context.
This multi-family property in Onsted, Michigan, features two buildings with a total of seven units. All units are currently occupied. A new roof and eaves were installed in 2020. The units feature remodeled bathrooms, and some have fully renovated kitchens with quartz countertops, updated cabinetry, sinks, subway tile, and new appliances. Additional updates include patio dividers, oak railings, new hot water tanks, quarry tile flooring in three units, updated windows on the front, replaced thermostats, smoke and carbon monoxide detectors, and upgraded electrical switches and outlets. The total monthly rent is $7,625, with potential to increase to $8,325 with the next rent increase. Individual unit rents range from $1,000 to $1,200, with the possibility of raising rents by $75-$100 per month at the next lease renewal. The property includes vacant land adjacent to it, offering the potential to build additional units. The property is situated on a 0.31-acre lot. There are also two other apartment buildings next to this property that could be purchased from another owner in the future.
Key Highlights
- Two buildings with 7 total units (415 Connor and 409 Connor, Onsted, MI 49265)
- Fully occupied; unit rent listed at $7,625 monthly total (potential increase to $8,325 noted with next increase)
- New roof and eaves installed in 2020
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Explore this area
Business Placement
Demographics for 49265, MI
5,055
Population
2,468
Households
2
Avg Household Size
49
Median Age
27%
College-Educated
95%
High-School Grad
32.4 sq mi
ZIP Area
156
Density / Sq Mi
$70,020
Median Household Income
$44,914
Median Earnings
$903
Median Rent
$245,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit property with potential for expansion in Onsted, Michigan.
Where is this apartment building located?
The property is located at 409 Connor Street Onsted, MI.
What is the asking price?
The asking price for this property is $805,000.
What are key features of this property?
This property features: Two buildings with 7 total units (415 Connor and 409 Connor, Onsted, MI 49265); Fully occupied; unit rent listed at $7,625 monthly total (potential increase to $8,325 noted with next increase); New roof and eaves installed in 2020
