Saugatuck Three-Unit Investment
722 Lake Street, Saugatuck, MI 49453
New
MULTI_FAMILY - Saugatuck, MI
Property size:
2,200 SFLot size:
0.25 AcresPrice / SF:
$500/SF- Added:
- May 21, 2026
- Days on Market:
- 1
- Last Refresh:
- May 21 at 11:06 pm
Property Features for 722 Lake Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 2, Bedroom 5, Bathroom 3, Bathroom 5, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 4, Basement, Bedroom 6, Bedroom 1, Bathroom 1
- Parking
- 6
- Parking features
- Driveway
- Basement
- Full
- Standard status
- Active
- APN
- 57-514-040-00
- Size
- 2,200 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2017
- Tax Description
- THAT PART LOT 7 BLK 4 COM ON LINE BETWEEN LOTS 6 & 7 BLK 4 AT PT 100 FT FROM SLY SIDE OF PLEASANT AVE. WLY PPL WITH PLEASANT AVE 40 FT SWLY TO LAKE ST TO A PT 60 FT FROM SE COR LOT 7 TH SELY ALG LK ST. 60 FT TO SE COR LOT 7 TH NELY ALONG ELY SIDE LOT 7 TO BEG BLOCK 4 MORRISON & DENSMORE'S ADDITION.
- Tax Annual Amount
- 10560
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air, Window Unit(s)
Building Details
- Year built
- 1935
- Number of units
- 3
- Building materials
- Aluminum Siding
- Roof type
- Composition
Listing agent Marie Wiedenhoeft (616) 273-1519
Listing office HomeRealty, LLC 1307 S Beacon Blvd., Grand Haven, MI (616) 935-9000
Listing date May 21, 2026
MLS# 26024016
Listing URL
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HighLights
- Proven short‑term rental (STR) property with projected annual rental income models estimating well into six figures.
- Prime location: Two blocks from downtown Saugatuck and easy access to Blue Star Highway.
- Three‑unit property: Main house plus renovated carriage house with two separate rental units.
- Main house features over 2,200 sq ft of living space with original hardwood floors, high‑end kitchen, and updated bathrooms.
- Private rooftop deck offering a retreat overlooking the rear of the property.
- Turnkey appeal: Fully equipped storage shed stocked with amenities and essentials for guests.
Overview
Located in the heart of Saugatuck, just two blocks from downtown and near Blue Star Highway, this meticulously maintained three-unit property offers charm, updates, and short-term rental potential. The property is a highly desirable STR setup with projected annual rental income models estimating well into six figures. The main home features over 2,200 square feet of character-filled living space, blending craftsmanship with updates. The main floor offers a finished front sun porch, original hardwood floors, a high-end kitchen, a full bathroom, a spacious primary bedroom with direct porch access, and an additional family room with an attached full bath that could function as a luxurious primary suite. Upstairs, original flooring continues throughout two bedrooms and a large loft area used as additional sleeping space. A sliding door opens to a private rooftop deck overlooking the rear of the property. The lower level includes an additional family room, a laundry area with shower, and two oversized storage rooms. The renovated carriage house has been transformed into two separate rental units. The lower-level studio apartment features a bed, futon, refrigerator, microwave, and a full bathroom. The upper-level unit offers a private entrance, full kitchen, full bathroom, and sleeping accommodations for multiple guests. Outside, a fully equipped storage shed is stocked with amenities and essentials for guests. The property, situated on a 0.25-acre lot, offers versatility, location, and earning potential.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Saugatuck
- County
- Allegan
- State
- Michigan
- Longitude
- -86.196453
- Latitude
- 42.652678
Nearby Similar for Sale
FAQs
What type of property is this?
Short term rental property - Meticulously maintained three-unit property with short-term rental potential.
Where is this short term rental property located?
The property is located at 722 Lake Street Saugatuck, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Proven short‑term rental (STR) property with projected annual rental income models estimating well into six figures.; Prime location: Two blocks from downtown Saugatuck and easy access to Blue Star Highway.; Three‑unit property: Main house plus renovated carriage house with two separate rental units.
