12-Unit Apartment
For Sale
$1,100,000
504-506*** 1st Street, Jackson, MI 49203
MULTI_FAMILY - Jackson, MI
Property SizeContact for details
Lot Size0.19 Acres
Days on Market52
Property Features for 504-506*** 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Full bathrooms
8
Rooms
Bedroom 8, Bedroom 11, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 7, Bedroom 5, Bathroom 5, Bedroom 4, Bedroom 10, Bathroom 8, Bedroom 6, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 9, Bedroom 7, Bedroom 12, Bathroom 6, Basement, Bathroom 2
Parking
12
Parking features
Driveway
Basement
Full
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
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
Legal Description
LOT 4 BLK 8 LIVERMORE WOOD & EATON'S ADD
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
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 782-2996
Listed By:
Jennifer Chmielewski · License #6501412520
(517) 937-5232
Added: Jun 19
Changed: Jul 29
Last Checked: Aug 9 at 4:06AM
MLS# 26030627
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 income-producing 12-unit multifamily portfolio is offered as one package, combining an 8-unit building at 504-506 First St. and a 4-unit building at 510 First St. The buildings were constructed in 1930 with wood siding, and they are heated with radiant and baseboard systems. The property includes driveway parking and is served by public sewer, with natural gas available.
The portfolio is currently reporting a 5.75% cap rate. Seller projections indicate potential stabilization with a cap rate approaching 9.6%, supported by continued stabilization efforts and rent optimization.
Lot size is listed at 0.19 acres, and available utilities include natural gas (natural gas available). This configuration may appeal to investors looking to acquire workforce housing–oriented multifamily in Jackson, Michigan, or add to an existing portfolio.
The portfolio is currently reporting a 5.75% cap rate. Seller projections indicate potential stabilization with a cap rate approaching 9.6%, supported by continued stabilization efforts and rent optimization.
Lot size is listed at 0.19 acres, and available utilities include natural gas (natural gas available). This configuration may appeal to investors looking to acquire workforce housing–oriented multifamily in Jackson, Michigan, or add to an existing portfolio.
Key Highlights
- 12‑unit multifamily portfolio offered as one package
- 8‑unit building at 504‑506 First St. plus 4‑unit building at 510 First St.
- Current cap rate of 5.75%; projected cap rate approaching 9.6%
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 49203, MI
37,269
Population
16,999
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
26.5 sq mi
ZIP Area
1,406
Density / Sq Mi
$55,689
Median Household Income
$37,096
Median Earnings
$992
Median Rent
$150,900
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?
Apartment building - Two-building 12-unit multifamily portfolio with 5.75% current cap rate, heated by radiant and baseboard systems.
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‑unit building at 504‑506 First St. plus 4‑unit building at 510 First St.; Current cap rate of 5.75%; projected cap rate approaching 9.6%
