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12-Unit Multifamily Portfolio

504-506*** 1st Street, Jackson, MI 49203

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For Sale

$1,100,000

MULTI_FAMILY - Jackson, MI

Lot size:

0.19 Acres

HighLights

12‑unit multifamily portfolio offered as one package: 8 units at 504–506 First St. and 4 units at 510 First St.
Current gross income of approximately $101,000 annually and current NOI of $63,000.
5.75% current cap rate; seller projections indicate stabilization to over $105,000 NOI and a cap rate approaching 9.6%.
Heating includes radiant and baseboard systems.
Utilities include natural gas available; served by public sewer.
Parking available via driveway; construction materials include wood siding.

We can help!

Listing Contact

Jennifer Chmielewski

For Sale

$1,100,000

MULTI_FAMILY - Jackson, MI

Lot size:

0.19 Acres

Added:: Jun 19, 2026
Days on Market:: 2
Last Refresh:: Jun 20 at 8:06 pm

Property Features for 504-506*** 1st Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 12
Rooms: Bathroom 7, Bathroom 5, Bathroom 4, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 6, Basement, Bathroom 3, Bathroom 2, Bedroom 9, Bedroom 4, Bathroom 1, Bathroom 8, Bedroom 12, Bedroom 5, Bedroom 10, Bedroom 11, Bedroom 2, Bedroom 7, Bedroom 8
Parking: 12
Parking features: Driveway
Basement: Full
Standard status: Active
APN: 3-000700000 & 3-000800000
Lot size: 0.19 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: LOT 4 BLK 8 LIVERMORE WOOD & EATON'S ADD
Tax Annual Amount: 1753

Utilities

Utilities: Natural Gas Available
Sewer type: Public Sewer
Heating system: Radiant, Baseboard

Building Details

Year built: 1930
Number of units: 8
Building materials: Wood Siding

We can help!

Listing Contact

Jennifer Chmielewski

Listing agent Jennifer Chmielewski License #6501412520

Listing office ERA Reardon Realty, L.L.C. 910 N West Ave, Jackson, MI

Listing date Jun 19, 2026

MLS# 26030627 Listing URL

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.

HighLights

12‑unit multifamily portfolio offered as one package: 8 units at 504–506 First St. and 4 units at 510 First St.
Current gross income of approximately $101,000 annually and current NOI of $63,000.
5.75% current cap rate; seller projections indicate stabilization to over $105,000 NOI and a cap rate approaching 9.6%.
Heating includes radiant and baseboard systems.
Utilities include natural gas available; served by public sewer.
Parking available via driveway; construction materials include wood siding.

Overview

This 12-unit multifamily portfolio is offered as a single package and includes an eight-unit building and a four-unit building. The portfolio features an 8-unit property at 504-506 First St. and a separate 4-unit property at 510 First St., providing investors with a diversified small-scale rental structure within the same acquisition.

The offering is located in Jackson, Michigan. The seller indicates the market has high renter occupancy, limited inventory, and consistent housing demand.

Financially, the current gross income is approximately $101,000 annually with a current NOI of $63,000 and a 5.75% cap rate. Seller projections suggest the portfolio can stabilize to over $105,000 in NOI, with a cap rate approaching 9.6%. This makes the package a fit for investors seeking a workforce housing-oriented multifamily acquisition, portfolio expansion, or a 1031 exchange property in Jackson, supported by the pro forma stabilization assumptions provided with the listing.

Property Profile Location Intelligence

Current Use by Public Records

1031 exchange properties

Map

City: Jackson
County: Jackson
State: Michigan
Longitude: -84.415142
Latitude: 42.243429

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For sale
Apartment buildings
MI
Jackson
49203
504-506*** 1st Street

What type of property is this?

Apartment building - Two-building package with 12 units, providing current income and seller-projected stabilization and rent optimization potential.

Where is this apartment building located?

The property is located at 504-506*** 1st Street Jackson, MI.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: 12‑unit multifamily portfolio offered as one package: 8 units at 504–506 First St. and 4 units at 510 First St.; Current gross income of approximately $101,000 annually and current NOI of $63,000.; 5.75% current cap rate; seller projections indicate stabilization to over $105,000 NOI and a cap rate approaching 9.6%.

504-506*** 1st Street, Jackson, MI 49203

MULTI_FAMILY - Jackson, MI

Property Features for 504-506*** 1st Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Map

Nearby Similar for Sale

Renovated Multi-Suite Office Building

Freestanding Office Building

Commercial Office Building

Refreshed Commercial Building

Two-Story Flex Industrial Building

Flex Showroom with Garage Bays

Jackson, MI Business Opportunity

Retail Opportunity in Jackson, MI

Jackson, MI Retail Opportunity

Industrial Facility on Grand River

Retail Storefront on Wildwood Avenue

All-Brick Medical Office Building

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