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4-Unit Apartment Property
New
For Sale
$259,900

124 S Ottawa St, Tecumseh, MI 49286

Fully occupied apartments with individual electric metering, shared natural gas service, and additional garage space.

Property Size2,461 SF
Days on Market3

Property Features for 124 S Ottawa St

General Information

Standard status Active
Size 2,461 SF
Total Parking Spaces 2
Property subtype Investment
Occupancy 100%

Units

Unit Mix 4 x 1BR
Multifamily Units 4

Additional Details

Asking Price $259,900

Taxes and HOA fees

Annual Taxes $4,761

Amenities

wraparound porch

Building Details

Building Size 2,461 SF
Year Built 1880
Units 4
Listing Agency:
Listed By: David Corder · License #LCAR-6502332298 & 6502357706
Source: Elliman
Added: Aug 21 Changed: Aug 22 Last Checked: Aug 22 at 5:19AM

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 David Corder

Investment Insights

Based on property information with market context.

Built in 1880, this four-unit residential income property includes four one-bedroom apartments. The units are fully occupied, and each has a separate electric meter; natural gas service is shared among the four residences. A wraparound porch, newer siding, and a 2-car garage add to the property’s physical features and utility.

The property is positioned one block from downtown Tecumseh, with shopping, dining, and other amenities nearby. Its configuration combines four individually metered apartments with shared gas service and on-site garage space in a compact multifamily asset.

Key Highlights

  • Four 1‑bedroom units in a quadplex configuration
  • Fully occupied residential income property
  • Separate electric meter for each unit

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Law Firm Grocery & Convenience Store Barber Shop (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

Location Intelligence

Trade Area within ½ mile

572
Businesses Nearby

Demographics for 49286, MI

14,991
Population
6,144
Households
2.4
Avg Household Size
45
Median Age
27%
College-Educated
95%
High-School Grad
58.2 sq mi
ZIP Area
258
Density / Sq Mi
$73,054
Median Household Income
$37,480
Median Earnings
$954
Median Rent
$221,800
Median Home Value

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 - Fully occupied apartments with individual electric metering, shared natural gas service, and additional garage space.
Where is this quadplex located?
The property is located at 124 S Ottawa St Tecumseh, MI.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Four 1‑bedroom units in a quadplex configuration; Fully occupied residential income property; Separate electric meter for each unit
More about this property
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