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Ionia Two-Unit Brick Property
For Sale
$225,000

302 W Lincoln Ave, Ionia, MI 48846

Well-maintained duplex on corner lot with recent updates.

Days on Market98

Property Features for 302 W Lincoln Ave

General Information

Standard status Active
Property subtype Investment

Building Details

Year Built 1920
Listing Agency: Five Star Real Estate
Listed By: Justin W Hendrick
Source: Elliman
Added: Apr 26 Changed: Jul 10 Last Checked: Jul 31 at 8:03AM

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 Five Star Real Estate

Investment Insights

Based on property information with market context.

This solid brick, two-unit property is situated on a corner lot in the City of Ionia, offering immediate rental income and a solid investment opportunity. The lower unit features 2 bedrooms and 1 full bath, while the upper unit offers 3 bedrooms and 1 full bath. The upper unit has been recently remodeled, including new windows and a fully updated bathroom. Additional improvements include a new boiler system, updated electrical, and new flooring installed in both units. The brick exterior offers durability and timeless appeal, and the corner lot provides added visibility and natural light. This duplex offers functional updates and long-term potential.

Key Highlights

  • Immediate rental income potential
  • Recently remodeled upper unit** with new windows and updated bathroom
  • New boiler system, updated electrical, and new flooring in both units

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Kitchen & Bath Showroom Big Box & Wholesale Store Auto Parts Store HVAC Service Bakery Dental Office

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

396
Businesses Nearby

Demographics for 48846, MI

22,470
Population
7,597
Households
3
Avg Household Size
38
Median Age
12%
College-Educated
88%
High-School Grad
110.6 sq mi
ZIP Area
203
Density / Sq Mi
$66,717
Median Household Income
$37,858
Median Earnings
$804
Median Rent
$172,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Well-maintained duplex on corner lot with recent updates.
Where is this duplex located?
The property is located at 302 W Lincoln Ave Ionia, MI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Immediate rental income potential; Recently remodeled upper unit** with new windows and updated bathroom; New boiler system, updated electrical, and new flooring in both units
More about this property
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