New Buffalo Triplex Investment
For Sale
$590,000
121 E Michigan St, New Buffalo, MI 49117
Income-producing triplex in New Buffalo near downtown and the beach.
Property SizeContact for details
Days on Market115
Property Features for 121 E Michigan St
General Information
Standard status
Active
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$5,142
Building Details
Year Built
1955
Units
3
Listing Agency:
Keller Williams Realty SWM
(269) 612-7013
Listed By:
James Garrison · License #6501402520
(269) 612-7013
Source:
Elliman
Added: May 9
Changed: Aug 23
Last Checked: Aug 31 at 6:56PM
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 Keller Williams Realty SWM
Investment Insights
Based on property information with market context.
This triplex in New Buffalo presents an income-producing opportunity. The property features three units, each with private entrances and individual electric and water services. All units are currently leased month-to-month. The first unit includes three bedrooms, 1.5 baths, a four-season room, a private backyard, and side circle parking. The second unit features one bedroom, one bath, updated electrical, and an unfinished basement with a second full bath and potential for additional living space. The third unit offers ravine views, one bedroom and one bath on the main level, plus a finished lower level with bedroom, bath, and separate entrance. The property is located minutes from the beach and all downtown amenities. The bike score is 62, indicating it is bikeable, and the walk score is 49, indicating it is car-dependent.
Key Highlights
- Income‑producing triplex with tenant‑paid utilities.
- All units currently leased, providing immediate income.
- Opportunity to increase income by adjusting rents to market rates.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
Explore this area
Business Placement
Demographics for 49117, MI
3,710
Population
3,790
Households
1
Avg Household Size
54
Median Age
46%
College-Educated
96%
High-School Grad
19.0 sq mi
ZIP Area
195
Density / Sq Mi
$75,268
Median Household Income
$48,056
Median Earnings
$749
Median Rent
$448,400
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 - Income-producing triplex in New Buffalo near downtown and the beach.
Where is this triplex located?
The property is located at 121 E Michigan St New Buffalo, MI.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Income‑producing triplex with tenant‑paid utilities.; All units currently leased, providing immediate income.; Opportunity to increase income by adjusting rents to market rates.
