Four-Unit Apartment
For Sale
$50,000
212 W Porter St, Albion, MI 49224
Four-unit income property with newer roof and vinyl siding, with individual gas and electric meters for each unit.
Property SizeContact for details
Days on Market51
Property Features for 212 W Porter St
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,690
Building Details
Year Built
1890
Units
4
Listing Agency:
NextHome ACE Real Estate Services
(517) 515-2125
Listed By:
Joseph Verbeke · License #6502431448
(517) 515-2125
Source:
Elliman
Added: Jun 19
Changed: Aug 8
Last Checked: Aug 8 at 10:09AM
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 NextHome ACE Real Estate Services
Investment Insights
Based on property information with market context.
This four-unit apartment building is offered as a fixer-upper and is priced accordingly. The property includes a newer roof and vinyl siding, along with some newer mechanicals. Each unit has its own gas meter, and each apartment is separately metered for electricity.
The building is located one block from Albion’s historic downtown. BikeScore is listed as 36 (Somewhat Bikeable) and WalkScore as 18 (Car-Dependent), which can be useful context for tenants and day-to-day access.
For buyers or operators looking for a small multifamily asset with separate utilities already in place, this configuration can support straightforward tenant billing. The property will likely require additional work to bring it to market-ready condition, given the description that much more work is needed beyond the noted improvements.
The building is located one block from Albion’s historic downtown. BikeScore is listed as 36 (Somewhat Bikeable) and WalkScore as 18 (Car-Dependent), which can be useful context for tenants and day-to-day access.
For buyers or operators looking for a small multifamily asset with separate utilities already in place, this configuration can support straightforward tenant billing. The property will likely require additional work to bring it to market-ready condition, given the description that much more work is needed beyond the noted improvements.
Key Highlights
- 4‑unit apartment building built in 1890, located one block from Albion’s historic downtown
- Newer roof and vinyl siding
- Gas meter and electric meter for each apartment (separately metered utilities)
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Explore this area
Business Placement
Demographics for 49224, MI
13,199
Population
5,277
Households
2.5
Avg Household Size
36
Median Age
19%
College-Educated
88%
High-School Grad
99.9 sq mi
ZIP Area
132
Density / Sq Mi
$52,552
Median Household Income
$28,136
Median Earnings
$846
Median Rent
$119,800
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?
Quadplex - Four-unit income property with newer roof and vinyl siding, with individual gas and electric meters for each unit.
Where is this quadplex located?
The property is located at 212 W Porter St Albion, MI.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: 4‑unit apartment building built in 1890, located one block from Albion’s historic downtown; Newer roof and vinyl siding; Gas meter and electric meter for each apartment (separately metered utilities)
