Turnkey Duplex Investment
For Sale
$399,000
213 Palmer Street, Rives Junction, MI 49277
MULTI_FAMILY - Rives Junction, MI
Property SizeContact for details
Lot Size0.63 Acres
Days on Market92
Property Features for 213 Palmer Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Resd
Bedrooms
6
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 1, Bathroom 1, Laundry Room, Bedroom 4, Bedroom 6, Bathroom 3, Basement, Bedroom 3
Parking
25
Parking features
Driveway
Basement
Full
Subdivision
Palmer's Plat of Rives Junc
Lot features
Level
Elementary school district
Northwest
Middle school district
Northwest
High school district
Northwest
Directions
In Rives, from Rives Eaton Rd, W on E Main, S on Palmer St.
Standard status
Active
APN
000-03-17-303-002-02
Lot size
0.63 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 16 AND 17 ALSO THE S 10 FT OF THE W 24 FT OF LOT 18 ALSO LOT 19 EXCEPT THE S 8.16 FT THEREOF OF PALMER'S PLAT OF RIVES JUNCTION; SPLIT ON 09/17/2008 FROM 000-03-17-303-002-01;
Tax Annual Amount
5610
Legal Description
LOTS 16 AND 17 ALSO THE S 10 FT OF THE W 24 FT OF LOT 18 ALSO LOT 19 EXCEPT THE S 8.16 FT THEREOF OF PALMER'S PLAT OF RIVES JUNCTION; SPLIT ON 09/17/2008 FROM 000-03-17-303-002-01;
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Water source
Private, Well
Amenities
finished basement
pole barn
kitchenette
Building Details
Year built
1900
Number of units
2
Building materials
Brick, Vinyl Siding
Roof type
Composition
Listing Agency:
Coldwell Banker Beiswanger Realty Group
(517) 435-1500
Listed By:
Doug Beiswanger · License #6502425012
(517) 914-9555
Added: May 22
Changed: Jul 25
Last Checked: Aug 21 at 3:06PM
MLS# 26024290
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 turnkey rural duplex presents an investment opportunity with diversified rental income, outbuildings, and a built-in tenant through a sale-leaseback structure. The property includes two units. Unit 1 is currently rented at $2,500 per month and features 4 bedrooms, 2 bathrooms, a finished basement, and an on-site pole barn suitable for storage, vehicles, or equipment. This unit is ideal for an owner-occupant or a long-term tenant. Unit 2 is currently rented at $650 per month and offers 2 bedrooms, 1 bathroom, and a kitchenette area, making it suitable for supplemental income or multi-generational living. The property is situated in a rural setting that provides privacy while maintaining reasonable access to nearby towns, services, and employment corridors. The seller is seeking an investor to complete a sale-leaseback transaction, selling the property and leasing it back to continue occupancy and operations. The property will be conveyed under current appraised value, potentially creating immediate equity for the purchaser and supporting a projected yield, especially with the agreed 36-month buy-back component. The property is located in Rives Junction, Michigan, within Jackson County, and has a lot size of 0.63 acres.
Key Highlights
- Duplex with two rental units: Unit 1 has 4 bedrooms/2 bathrooms plus a finished basement, currently rented at $2,500/month
- Unit 2 offers 2 bedrooms/1 bathroom with a kitchenette area, currently rented at $650/month
- Sale‑leaseback structure with an agreed 36‑month buy‑back arrangement tied to the seller leaseback
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 49277, MI
3,170
Population
1,134
Households
2.8
Avg Household Size
43
Median Age
20%
College-Educated
93%
High-School Grad
33.0 sq mi
ZIP Area
96
Density / Sq Mi
$89,256
Median Household Income
$55,921
Median Earnings
$1,726
Median Rent
$201,500
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?
Duplex - Rural duplex with strong cash flow and seller leaseback.
Where is this duplex located?
The property is located at 213 Palmer Street Rives Junction, MI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Duplex with two rental units: Unit 1 has 4 bedrooms/2 bathrooms plus a finished basement, currently rented at $2,500/month; Unit 2 offers 2 bedrooms/1 bathroom with a kitchenette area, currently rented at $650/month; Sale‑leaseback structure with an agreed 36‑month buy‑back arrangement tied to the seller leaseback
