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Six-Unit Apartment Building
New
For Sale
$250,000

204 Michigan Avenue, Owosso, MI 48867

MULTIFAMILY, Owosso, MI

Property Size3,512 SF
Lot Size0.18 Acres
Price / SF$71.18
Days on Market7

Property Features for 204 Michigan Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 6
Full bathrooms 6
Rooms Basement, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 2, Bathroom 6, Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 1, Bathroom 5
Patio and Porch features Porch
Exterior features Porch, Sidewalks
Lot features Corner Lot
Elementary school district Owosso Public Schools
Middle school district Owosso Public Schools
High school district Owosso Public Schools
Subdivision Owosso (78018)
Standard status Active
APN 050-651-003-015-00
Size 3,512 SF
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2955

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1900
Floors in Building 2
Number of units 6
Listing Agency: Richard Selleck Agency
Listed By: Mike Selleck · License #650210427
Added: Aug 14 Changed: Aug 20 Last Checked: Aug 20 at 10:06PM
MLS# 50218566

Copyright © 2026 Greater Shiawassee Regional Board of Realtors. 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 multifamily property contains six one-bedroom apartments within a 3,512-square-foot building constructed in 1900. The improvements include a porch, sidewalks, forced-air heating, a basement, and public water service. The property occupies a 0.18-acre corner lot.

Residents pay their own electric service, while the landlord covers gas, water, and garbage. Apartments are leased month to month, and showings require 48 hours’ notice.

Key Highlights

  • Six one‑bedroom apartments in a 3,512‑square‑foot multifamily building
  • 0.18‑acre corner lot with porch and sidewalks
  • Built in 1900 with forced‑air heating

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Big Box & Wholesale Store Furniture & Home Goods HVAC Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

856
Businesses Nearby

Demographics for 48867, MI

27,596
Population
12,660
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
136.0 sq mi
ZIP Area
203
Density / Sq Mi
$58,718
Median Household Income
$37,908
Median Earnings
$834
Median Rent
$145,600
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 - Multifamily property with one-bedroom apartments, month-to-month leases, and separately metered electric responsibility for residents.
Where is this apartment building located?
The property is located at 204 Michigan Avenue Owosso, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Six one‑bedroom apartments in a 3,512‑square‑foot multifamily building; 0.18‑acre corner lot with porch and sidewalks; Built in 1900 with forced‑air heating
More about this property
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