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Four-Unit Campus-Area Quadplex
For Sale
$199,000

1004 University Street, Mt Pleasant, MI 48858

Multi-Family, 2 Story, Mt Pleasant, MI

Property Size3,600 SF
Lot Size0.14 Acres
Price / SF$55.28
Days on Market183

Property Features for 1004 University Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multi-Family
Zoning description Multi-Family
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1
Patio and Porch features Porch
Exterior features Porch
Appliances Refrigerator, Oven/Range, Washer, Dryer, Smoke Alarms
Elementary school district Mount Pleasant City School District
Middle school district Mount Pleasant City School District
High school district Mount Pleasant City School District
Directions From Mission. West on Gaylord. South on University. House on right.
Subdivision Isabella
Standard status Active
Size 3,600 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Description MARTIN ADD LOT 2.
Legal Description MARTIN ADD LOT 2.

Building Details

Year built 1900
Floors in Building 2
Number of units 4
Building materials Frame
Roof type Asphalt
Architectural style Other
Listing Agency: COLDWELL BANKER MT. PLEASANT REALTY
Listed By: Tiffany Sloan-Grocholski
Added: Apr 6 Changed: Sep 13 Last Checked: Oct 5 at 9:06PM
MLS# 1943509

Copyright © 2026 Northern Great Lakes Realtors MLS. 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 quadplex contains four one-bedroom, one-bath units within approximately 3,600 square feet. Built in 1900, the frame property includes porch space, an asphalt roof, refrigerators, oven/ranges, washers, dryers, and smoke alarms. The property is zoned Multi-Family and occupies 0.14 acres.

Located near campus in Mt Pleasant, the building has a consistent occupancy history and is described as fully leased. Its four-unit layout and existing residential improvements provide a defined multifamily configuration for an owner seeking an established rental property.

Key Highlights

  • Four‑unit multifamily property with four 1‑bedroom/1‑bath units
  • Approximately 3,600 Square Feet on 0.14 acres
  • Consistently occupied and described as fully leased

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Electrical Service HVAC Service (Bike/Boat/Book/etc) Store Bakery Plumbing Service Furniture & Home Goods

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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

691
Businesses Nearby

Demographics for 48858, MI

41,844
Population
19,396
Households
2.2
Avg Household Size
30
Median Age
37%
College-Educated
93%
High-School Grad
174.4 sq mi
ZIP Area
240
Density / Sq Mi
$48,794
Median Household Income
$22,775
Median Earnings
$862
Median Rent
$168,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Quadplex - Two-story multifamily property with four one-bedroom units and consistent occupancy near campus.
Where is this quadplex located?
The property is located at 1004 University Street Mt Pleasant, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Four‑unit multifamily property with four 1‑bedroom/1‑bath units; Approximately 3,600 Square Feet on 0.14 acres; Consistently occupied and described as fully leased
More about this property
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