Three-Unit Residential Income
For Sale
$1,075,000
722 Lake St, Saugatuck, MI 49453
Three-unit property in Saugatuck with an updated main home and short-term rental setup near downtown access routes.
Property Size2,200 SF
Price / SF$488.64
Days on Market81
Property Features for 722 Lake St
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Investment
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,560
Building Details
Year Built
1935
Units
3
Tenancy
Multi
Listing Agency:
@HomeRealty
(616) 273-1519
Listed By:
Marie Wiedenhoeft
(616) 273-1519
Source:
Elliman
Added: Jun 1
Changed: Aug 7
Last Checked: Aug 20 at 11:31AM
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 @HomeRealty
Investment Insights
Based on property information with market context.
This three-unit residential income property features a main home with character and updates throughout, plus additional units configured for short-term rental use. The main floor includes a finished front sun porch, original hardwood floors, a high-end kitchen, two full bathrooms, and a spacious primary bedroom with direct porch access. A separate family room with an attached full bath offers flexibility and could function as an additional primary suite. Upstairs, original flooring continues through two generous bedrooms and a large loft area currently used as additional sleeping space.
Located at 722 Lake St in Saugatuck, the property is described as being two blocks from downtown. It also provides convenient access near Blue Star Highway without going through downtown traffic. The provided walk and bike scores are 33 (car-dependent) and 28 (somewhat bikeable), respectively.
For operators, the layout supports a short-term rental strategy with dedicated sleeping areas inside the main home and space that can accommodate multiple guests. The seller’s remarks also reference projected annual rental income models estimating well into six figures, and the overall presentation is positioned as a maintained, updated setup intended for repeatable hospitality use.
Located at 722 Lake St in Saugatuck, the property is described as being two blocks from downtown. It also provides convenient access near Blue Star Highway without going through downtown traffic. The provided walk and bike scores are 33 (car-dependent) and 28 (somewhat bikeable), respectively.
For operators, the layout supports a short-term rental strategy with dedicated sleeping areas inside the main home and space that can accommodate multiple guests. The seller’s remarks also reference projected annual rental income models estimating well into six figures, and the overall presentation is positioned as a maintained, updated setup intended for repeatable hospitality use.
Key Highlights
- Three‑unit property in Saugatuck with updated main home and short‑term rental setup
- Built in 1935; main home offers 2,200+ sq ft of living space with original hardwood floors
- Main floor includes a front sun porch, high‑end kitchen, and two full bathrooms
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
Business Placement
Demographics for 49453, MI
2,950
Population
2,113
Households
1.4
Avg Household Size
53
Median Age
52%
College-Educated
98%
High-School Grad
10.4 sq mi
ZIP Area
284
Density / Sq Mi
$101,250
Median Household Income
$49,970
Median Earnings
$766
Median Rent
$487,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Three-unit property in Saugatuck with an updated main home and short-term rental setup near downtown access routes.
Where is this short term rental property located?
The property is located at 722 Lake St Saugatuck, MI.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Three‑unit property in Saugatuck with updated main home and short‑term rental setup; Built in 1935; main home offers 2,200+ sq ft of living space with original hardwood floors; Main floor includes a front sun porch, high‑end kitchen, and two full bathrooms
