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Three-Unit Multifamily Property

2 Reading Ave, Hillsdale, MI 49242

For Sale
New
$229,900

Two occupied units provide rental income, while the largest unit is vacant for owner use or leasing.

Property SizeContact for details
Days on Market2

Property Features for 2 Reading Ave

General Information

Standard status Active
Property subtype Investment

Additional Details

Multifamily Units 3
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $5,284

Building Details

Year Built 1904
Units 3
Listing Agency: Re/Max Platinum
Listed By: Arin Hoekstra
Source: Elliman
Added: Nov 6 Last Checked: Nov 6 at 2:39PM

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 Re/Max Platinum

Rey
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Investment Insights

Based on property information with market context.

This 1904-built triplex contains three residential units, with the largest currently vacant and the other two occupied. The interiors have been renovated, and the building has four high-efficiency furnaces serving the units and basement. Electrical upgrades were completed by previous owners; the exterior includes vinyl siding and a metal roof.

Located at 2 Reading Ave in Hillsdale, the property has a Walk Score of 34 and a Bike Score of 30. Residents pay gas, electric, and water, while the landlord handles trash service.

Key Highlights

  • Three‑unit multifamily property with the largest unit vacant and two units occupied
  • Four high‑efficiency furnaces serve the units and basement
  • Interior renovations and prior electrical upgrades

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

456
Businesses Nearby

Demographics for 49242, MI

14,812
Population
6,687
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
93%
High-School Grad
90.6 sq mi
ZIP Area
163
Density / Sq Mi
$57,813
Median Household Income
$28,886
Median Earnings
$770
Median Rent
$182,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Two occupied units provide rental income, while the largest unit is vacant for owner use or leasing.
Where is this triplex located?
The property is located at 2 Reading Ave Hillsdale, MI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Three‑unit multifamily property with the largest unit vacant and two units occupied; Four high‑efficiency furnaces serve the units and basement; Interior renovations and prior electrical upgrades
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