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Updated Four-Unit Quadplex
For Sale
$365,000

46131 S Lakeshore Drive, Lawrence, MI 49064

Multi Family, Lawrence, MI

Property SizeContact for details
Lot Size0.50 Acres
Days on Market136

Property Features for 46131 S Lakeshore Drive

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Full bathrooms 4
Rooms Bedroom 3, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 7, Bedroom 8, Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 2, Basement, Bedroom 1, Bedroom 6
Parking 8
Parking features Driveway
Basement Walk-Out Access, Daylight
Elementary school district Lawrence
Middle school district Lawrence
High school district Lawrence
Directions FROM M-51 & RED ARROW HIGHWAY GO WEST ON RED ARROW HIGHWAY TO (STAY LEFT) TERRITORIAL TO 46TH ST. TURN LEFT (SOUTH) TO LAKESHORE DRIVE, TURN RIGHT. SECOND HOME ON LEFT.
Standard status Active
APN 801302401210
Lot size 0.50 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Lengthy, on record in office
Tax Annual Amount 2836
Legal Description Lengthy, on record in office

Utilities

Utilities Cable Available
Sewer type Septic Tank
Heating system Baseboard
Cooling system Wall Unit(s)
Water source Well

Amenities

common laundry area

Building Details

Year built 1986
Number of units 4
Building materials Vinyl Siding
Roof type Composition
Listing Agency: RE/MAX Lakeshore · RE/MAX International
Listed By: Tantzi Habsburg · License #6501403918
Added: Apr 17 Changed: Aug 27 Last Checked: Aug 30 at 10:06PM
MLS# 26016170

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Built in 1986, this four-unit residential property contains 950-square-foot residences with a two-bedroom, one-bathroom layout in each unit. The complex is fully rented and includes a common laundry area, newer windows and doors, AC units, dishwashers, and a well installed in 2019.

The property occupies a 0.5-acre lot in Lawrence, providing driveway parking and a 20' x 24' two-stall garage. Vinyl siding, composition roofing, baseboard heat, wall-unit cooling, well water, septic service, and cable availability are included. Lake Cora and Reynolds Lake public access are minutes away.

Key Highlights

  • Four 950 sq.ft. units, each with 2 bedrooms and 1 bathroom
  • Fully rented four‑unit residential complex
  • 0.5‑acre lot with driveway parking

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Building Supply Dental Office Big Box & Wholesale Store Bakery Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby

Demographics for 49064, MI

3,854
Population
1,746
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
80%
High-School Grad
48.1 sq mi
ZIP Area
80
Density / Sq Mi
$61,863
Median Household Income
$38,115
Median Earnings
$756
Median Rent
$163,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - Each residence includes two bedrooms and one bathroom, with shared laundry available on site.
Where is this quadplex located?
The property is located at 46131 S Lakeshore Drive Lawrence, MI.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Four 950 sq.ft. units, each with 2 bedrooms and 1 bathroom; Fully rented four‑unit residential complex; 0.5‑acre lot with driveway parking
More about this property
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