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Apartment Building with Driveway
For Sale
$344,900

129 S East Street, Morenci, MI 49256

Multi Family, Morenci, MI

Property SizeContact for details
Lot Size0.36 Acres
Days on Market59

Property Features for 129 S East Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Full bathrooms 5
Rooms Bathroom 2, Basement, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 6, Bathroom 5
Parking 5
Parking features Driveway
Basement Partial
Elementary school district Morenci
Middle school district Morenci
High school district Morenci
Standard status Active
APN XM0-300-0648-00
Lot size 0.36 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description THAT PART OF LOT 64 BEG AT SW COR OF LOT 63 RUNN TH S 1 35'E ALG E LI OF EAST ST 95.20 FT TH N 88 29'E 166.81 FT TH N 2 12'W 93.63 FT TO S LI LOT 63 TH S 89 01'W 165.80 FT TO POB ASSESSORS PLAT NO 1 OF THE CITY OF MORENCI
Tax Annual Amount 3203
Legal Description THAT PART OF LOT 64 BEG AT SW COR OF LOT 63 RUNN TH S 1 35'E ALG E LI OF EAST ST 95.20 FT TH N 88 29'E 166.81 FT TH N 2 12'W 93.63 FT TO S LI LOT 63 TH S 89 01'W 165.80 FT TO POB ASSESSORS PLAT NO 1 OF THE CITY OF MORENCI

Utilities

Heating system Baseboard

Building Details

Year built 1900
Number of units 5
Building materials Vinyl Siding
Listing Agency: Gerig Realty
Listed By: Jaime Gerig Poling
Added: Jul 29 Changed: Sep 17 Last Checked: Sep 25 at 9:06AM
MLS# 26039753

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This apartment building contains five or more residential units on a 15,682-square-foot parcel. Recorded room details include six bedrooms, five bathrooms, and a basement. The structure dates to 1900 and features vinyl siding with baseboard heating. A driveway provides on-site parking access.

The property is located at 129 S East Street in Morenci, Lenawee County, Michigan, within postal code 49256. Its lot encompasses 0.36 acres, providing the physical setting for the existing multifamily improvements.

Key Highlights

  • Five or more residential units
  • 15,682‑square‑foot lot totaling 0.36 acres
  • Six bedrooms and five bathrooms

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Plumbing Service Pharmacy Big Box & Wholesale Store Building Supply

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

153
Businesses Nearby

Demographics for 49256, MI

3,909
Population
1,608
Households
2.4
Avg Household Size
40
Median Age
12%
College-Educated
88%
High-School Grad
60.5 sq mi
ZIP Area
65
Density / Sq Mi
$60,982
Median Household Income
$32,056
Median Earnings
$778
Median Rent
$112,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Apartment building - The property includes five or more residential units, a driveway, and a 0.36-acre parcel in Morenci.
Where is this apartment building located?
The property is located at 129 S East Street Morenci, MI.
What is the asking price?
The asking price for this property is $344,900.
What are key features of this property?
This property features: Five or more residential units; 15,682‑square‑foot lot totaling 0.36 acres; Six bedrooms and five bathrooms
More about this property
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