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Two-Building Apartment Property
New
For Sale
$257,900

1298 Colfax Avenue, Benton Harbor, MI 49022

MULTI_FAMILY - Benton Harbor, MI

Property SizeContact for details
Lot Size1.69 Acres
Days on Market5

Property Features for 1298 Colfax Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 2
Full bathrooms 3
Half bathrooms 1
Rooms Bedroom 7, Bedroom 3, Basement, Bedroom 5, Bathroom 3, Bathroom 1, Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 2
Parking 8
Basement Full
Lot features Ravine, Wooded
Elementary school district Benton Harbor
Middle school district Benton Harbor
High school district Benton Harbor
Directions From Napier Ave, turn north on Colfax Ave. Home will be on your left.
Standard status Active
APN 11-18-0125-0006-00-6
Lot size 1.69 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description COM 2466.95' S OF NE COR SEC 25 T4S R19W TH S 223.1' (REC AS 222.75') TH W 330' TH N 223.1' (REC AS 222.75') TH E 330' TO BEG
Tax Annual Amount 6884
Legal Description COM 2466.95' S OF NE COR SEC 25 T4S R19W TH S 223.1' (REC AS 222.75') TH W 330' TH N 223.1' (REC AS 222.75') TH E 330' TO BEG

Utilities

Utilities Cable Available
Heating system Forced Air

Building Details

Year built 1887
Number of units 5
Building materials Brick, Wood Siding
Roof type Rubber, Composition
Listing Agency: eXp Realty
Listed By: Van Homes Team
Added: Aug 7 Last Checked: Aug 11 at 7:06PM
MLS# 26041256

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 property comprises two separate rental buildings on a 1.69-acre parcel. The front structure contains two two-bedroom, one-bath apartments; the upper unit is leased, while the lower unit is vacant. The rear building includes multiple bedrooms, one and a half baths, a kitchen, and laundry facilities. The property dates to 1887 and incorporates brick and wood siding construction with forced-air heating.

Recent work includes exterior improvements and partial roof replacement at the front building. The rear structure has a new roof, updated electrical service, furnace work, and exterior repairs. Additional improvements include a new sewer line extending to the street, along with kitchen and bathroom updates in the upper apartment. Rubber and composition roofing are present across the buildings, and cable service is available.

Key Highlights

  • Two separate rental buildings on a 1.69‑acre parcel
  • Front building contains two 2‑BR, 1‑bath apartments
  • Rear building includes multiple bedrooms, 1.5 baths, kitchen, and laundry

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon 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

336
Businesses Nearby

Demographics for 49022, MI

30,143
Population
14,484
Households
2.1
Avg Household Size
39
Median Age
18%
College-Educated
85%
High-School Grad
67.3 sq mi
ZIP Area
448
Density / Sq Mi
$39,859
Median Household Income
$29,530
Median Earnings
$797
Median Rent
$140,500
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?
Apartment building - Two rental buildings occupy one parcel, with updated systems and completed exterior improvements.
Where is this apartment building located?
The property is located at 1298 Colfax Avenue Benton Harbor, MI.
What is the asking price?
The asking price for this property is $257,900.
What are key features of this property?
This property features: Two separate rental buildings on a 1.69‑acre parcel; Front building contains two 2‑BR, 1‑bath apartments; Rear building includes multiple bedrooms, 1.5 baths, kitchen, and laundry
More about this property
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