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    409 Connor St Onsted, MI 49265

    For Sale
    $815,000

    MULTI_FAMILY - Onsted, MI

    Lot size:
    0.31 Acres
    Days on Market:
    118
    Last Refresh:
    Dec 6 at 10:06 am

    Property Features for 409 Connor St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 12, Bathroom 1, Bedroom 6, Bedroom 3, Bedroom 4, Bedroom 11, Bathroom 7, Bedroom 9, Bedroom 5, Bedroom 13, Bedroom 2, Bathroom 4, Bedroom 8, Bedroom 10, Bedroom 1, Bathroom 6, Bedroom 7, Bathroom 5, Bedroom 14, Bathroom 3, Bathroom 2
    Bedrooms
    14
    APN
    CA8-460-0600-00
    Parking
    14
    Parking features
    Driveway
    Basement
    Crawl Space
    Lot size
    0.31 Acres

    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

    Pellow Realty Group (586) 322-3975

    Listing agent Rebecca Kellar (586) 322-3975

    Listing date Aug 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

    Multi-Family Investment Opportunity in Onsted

    This multi-family property in Onsted, MI, 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/CO detectors, and upgraded electrical switches/outlets. The property includes 415 Connor and 409 Connor. Each unit has 2 bedrooms and 1 bathroom. 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 potential to raise rents by $75-$100 per month at the next lease renewal. The property also has vacant land next to it for potential construction of additional units. Furthermore, there are two other apartment buildings next to this property that could be purchased from another owner in the future. The lot size is 0.31 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Whitt Lawn Care, ... Lawn Care Service Loose Grit Detailing Auto Accessories Wholesaler

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Onsted
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.188039
    Latitude
    42.012373

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    FAQs

    What type of property is this?
    Apartment building - Seven-unit multi-family property with potential for expansion in Onsted, MI.
    Where is this apartment building located?
    The property is located at 409 Connor St Onsted, MI.
    What is the asking price?
    The asking price for this property is $815,000.
    What are key features of this property?
    This property features: - Fully occupied 7-unit property generating $7,625 monthly rent, with potential to increase to $8,325.; - Opportunity to build additional units on adjacent vacant land.; - Recent updates including a new roof (2020) and remodeled bathrooms in all units.
    (586) 322-3975
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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
    409 Connor St Onsted, MI 49265
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