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Triplex with In-Unit Laundry
New
For Sale
$229,000

108 E Exchange St, Gobles, MI 49055

Separate gas and electric service allows residents to pay those utility costs directly.

Property SizeContact for details
Days on Market3

Property Features for 108 E Exchange St

General Information

Standard status Active
Property subtype Investment

Taxes and HOA fees

Annual Taxes $3,277

Building Details

Year Built 1900
Units 3
Listing Agency: Real Broker LLC
Listed By: Gary R LaDuke
Source: Elliman
Added: Sep 30 Changed: Oct 2 Last Checked: Oct 1 at 10:35AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker LLC

Investment Insights

Based on property information with market context.

This 1900-built triplex contains three one-bedroom units, each equipped with a washer and dryer and access to a deck. Separate utility arrangements place gas and electric costs with the residents. Building updates include a metal roof, vinyl siding, replacement windows, and three new water heaters; the furnace serving unit 1 is 4 years old.

The property is in downtown Gobles, next to the Post Office, with parking available at both the front and rear of the building.

Key Highlights

  • Three one‑bedroom units
  • Washer and dryer in each unit, with deck access
  • Residents pay gas and electric under the split‑utility arrangement

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Pharmacy Storage Facility Garden Center

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

Location Intelligence

Trade Area within ½ mile

112
Businesses Nearby

Demographics for 49055, MI

6,211
Population
3,197
Households
1.9
Avg Household Size
45
Median Age
18%
College-Educated
90%
High-School Grad
57.5 sq mi
ZIP Area
108
Density / Sq Mi
$65,717
Median Household Income
$40,838
Median Earnings
$878
Median Rent
$161,900
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?
Triplex - Separate gas and electric service allows residents to pay those utility costs directly.
Where is this triplex located?
The property is located at 108 E Exchange St Gobles, MI.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Three one‑bedroom units; Washer and dryer in each unit, with deck access; Residents pay gas and electric under the split‑utility arrangement
More about this property
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