Historic Triplex With Lake
For Sale
Contact for pricing
118 E STATE ST, Fife Lake, MI 49633
Built in 1886, this triplex has three rental units and an expansive deck overlooking Fife Lake.
Property Size3,216 SF
Price / SF$122.82
Days on Market53
Property Features for 118 E STATE ST
General Information
Standard status
Active
Size
3,216 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
3
Building Details
Year Built
1886
Listing Agency:
Cygnus Real Estate
(231) 633-2577
Listed By:
Carole Higgins · License #MI 6502370294
Source:
Crexi
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 5 at 2:28PM
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 Cygnus Real Estate
Investment Insights
Based on property information with market context.
Built in 1886, this historic triplex overlooks Fife Lake and is currently configured as three rental units. The property includes an expansive deck designed for year-round views of the lake, and its layout provides flexibility for different operating styles. According to the property history, it began as a mercantile building, later became a residence, and then evolved into a triplex, reflecting its long-standing adaptability.
Located at 118 E State St in Fife Lake, Michigan, the home is positioned to take advantage of the area’s all-sports lake recreation, including boating and fishing. The remarks note easy access to the lake and emphasize the setting’s seasonal appeal for visitors.
For an investor, seasonal rental operator, or buyer interested in restoration, the three-unit configuration offers multiple paths to occupancy based on how you choose to run the property. While the listing notes the current rental rates are below market and the units present seasonal rental potential, it is not presented as turnkey; it is best suited for buyers willing to invest in updates and improvements. The remarks also indicate the neighboring property may be available, with details available upon request.
Located at 118 E State St in Fife Lake, Michigan, the home is positioned to take advantage of the area’s all-sports lake recreation, including boating and fishing. The remarks note easy access to the lake and emphasize the setting’s seasonal appeal for visitors.
For an investor, seasonal rental operator, or buyer interested in restoration, the three-unit configuration offers multiple paths to occupancy based on how you choose to run the property. While the listing notes the current rental rates are below market and the units present seasonal rental potential, it is not presented as turnkey; it is best suited for buyers willing to invest in updates and improvements. The remarks also indicate the neighboring property may be available, with details available upon request.
Key Highlights
- Built in 1886 triplex overlooking Fife Lake, with expansive deck offering year‑round lake views
- Property is currently configured as three rental units, providing multiple rental options
- All three units offer seasonal rental potential, according to the listing information
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 49633, MI
4,026
Population
2,724
Households
1.5
Avg Household Size
45
Median Age
22%
College-Educated
92%
High-School Grad
168.1 sq mi
ZIP Area
24
Density / Sq Mi
$69,567
Median Household Income
$42,171
Median Earnings
$1,110
Median Rent
$174,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Built in 1886, this triplex has three rental units and an expansive deck overlooking Fife Lake.
Where is this triplex located?
The property is located at 118 E STATE ST Fife Lake, MI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Built in 1886 triplex overlooking Fife Lake, with expansive deck offering year‑round lake views; Property is currently configured as three rental units, providing multiple rental options; All three units offer seasonal rental potential, according to the listing information
