Side-by-Side Duplex with Two
For Sale
$98,500
221-223 West Mason Street, Jackson, MI 49203
Side-by-side duplex with two residences, shared gas, water, and sewer, and separately metered electric.
Property Size860 SF
Price / SF$114.53
Days on Market89
Property Features for 221-223 West Mason Street
General Information
Standard status
Active
Size
860 SF
Property subtype
Multi Family / 2 to 4 Units
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
NCDG REALTY & PROPERTY MANAGE
(517) 745-3948
Listed By:
JOHN W COLLIS · License #6502352091
(517) 745-3948
Source:
Compass
Added: May 5
Changed: Jul 22
Last Checked: Jul 23 at 7:40AM
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 NCDG REALTY & PROPERTY MANAGE
Investment Insights
Based on property information with market context.
This side-by-side duplex offers two separate residences at 221–223 West Mason Street in Jackson, MI 49203. Unit 221 is a multi-level layout with 3 bedrooms and 1 bath, with basement access that can support additional storage or functionality. Unit 223 is a lower unit featuring 2 bedrooms and 1 bath.
Both units include hardwood floors and are equipped with a stove and refrigerator. Electric is separately metered between the units, while gas, water, and sewer are shared.
The property is arranged as a duplex structure with unit-by-unit living space and shared utilities outside of electricity, supporting straightforward day-to-day management for an owner or investor.
Both units include hardwood floors and are equipped with a stove and refrigerator. Electric is separately metered between the units, while gas, water, and sewer are shared.
The property is arranged as a duplex structure with unit-by-unit living space and shared utilities outside of electricity, supporting straightforward day-to-day management for an owner or investor.
Key Highlights
- Side‑by‑side duplex built in 1920 with two separate residences and hardwood floors
- Unit 221: approx. 3 bedrooms, 1 bath, approx. 1,200 SF, multi‑level layout and basement access
- Unit 223: approx. 2 bedrooms, 1 bath lower unit with approx. 860 SF
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $8.8k | $10.20 |
| − Vacancy | −$658 | −$0.77 |
| EGI | $8.1k | $9.44 |
| − OpEx | −$2.4k | −$2.83 |
| NOI | $5.7k | $6.60 |
860 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$81.1K
$71.0K – $94.7K
NOI $5,680 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$76.2K
$66.7K – $88.9K
NOI $5,335 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$137.3K
$120.1K – $160.2K
NOI $9,610 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,359
Businesses Nearby
Explore this area
Business Placement
Demographics for 49203, MI
37,269
Population
16,999
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
26.5 sq mi
ZIP Area
1,406
Density / Sq Mi
$55,689
Median Household Income
$37,096
Median Earnings
$992
Median Rent
$150,900
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 - Side-by-side duplex with two residences, shared gas, water, and sewer, and separately metered electric.
Where is this duplex located?
The property is located at 221-223 West Mason Street Jackson, MI.
What is the asking price?
The asking price for this property is $98,500.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1920 with two separate residences and hardwood floors; Unit 221: approx. 3 bedrooms, 1 bath, approx. 1,200 SF, multi‑level layout and basement access; Unit 223: approx. 2 bedrooms, 1 bath lower unit with approx. 860 SF
