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Four-Unit Apartment Building
For Sale
$50,000

212 W Porter Street, Albion, MI 49224

MULTI_FAMILY - Albion, MI

Lot Size0.13 Acres
Days on Market49

Property Features for 212 W Porter Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Full bathrooms 4
Half bathrooms 1
Rooms Bathroom 5, Bathroom 3, Bedroom 3, Basement, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 4, Bathroom 2
Parking 4
Basement Crawl Space
Elementary school district Marshall
Middle school district Marshall
High school district Marshall
Standard status Active
APN 51-000-869-00
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description ALBION CITY, ORIGINAL PLAT BLK 51 PART OF LOTS 8 & 9 - E 10 FT OF LOT 9 & ALL OF LOT 8 EXC A STRIP OFF E SIDE 20 FT WIDE AT N END TAPERING TO 19 FT 5 IN ON S SIDE. (212 W PORTER)
Tax Annual Amount 1690
Legal Description ALBION CITY, ORIGINAL PLAT BLK 51 PART OF LOTS 8 & 9 - E 10 FT OF LOT 9 & ALL OF LOT 8 EXC A STRIP OFF E SIDE 20 FT WIDE AT N END TAPERING TO 19 FT 5 IN ON S SIDE. (212 W PORTER)

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Forced Air

Building Details

Year built 1890
Number of units 4
Building materials Vinyl Siding
Listing Agency: ACE Real Estate Services
Listed By: Joseph Verbeke
Added: Jun 12 Changed: Jul 25 Last Checked: Jul 30 at 11:06PM
MLS# 26029071

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 four-unit apartment building is a fixer-upper offered for sale in need of additional work. The property includes a newer roof, vinyl siding, and some newer mechanicals, with further improvements required to bring the units to full market-ready condition. Separate utility metering is already in place, with a gas meter for each apartment and an electric meter for each apartment.

The building is located at 212 W Porter Street in Albion, Michigan, approximately one block from the city’s historic downtown. This central placement can be convenient for tenants seeking proximity to local amenities and services.

For buyers or investors looking for a small multi-family asset that has already benefited from select exterior and mechanical updates, this property provides four separate apartment units with individually metered gas and electricity. Prospective purchasers should plan for additional renovation work based on the building’s current condition and confirm all viewing and entry requirements in accordance with the hold harmless form instructions provided through ShowingTime or the MLS documents.

Key Highlights

  • 4‑unit apartment building one block from Albion’s historic downtown
  • Year built 1890 with vinyl siding and forced‑air heating
  • Each unit has its own gas meter and electric meter

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Building Supply Dental Office

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

390
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Fixer-upper four-unit property near Albion’s historic downtown with separate gas and electric meters for each apartment.
Where is this quadplex located?
The property is located at 212 W Porter Street 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 one block from Albion’s historic downtown; Year built 1890 with vinyl siding and forced‑air heating; Each unit has its own gas meter and electric meter
More about this property
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