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Residential Income Multifamily Property
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223 S Pearl St, Tecumseh, MI 49286

Part of a six-property portfolio sale totaling 15 residential units, offered for simultaneous purchase under a 1031 exchange.

Property SizeContact for details
Days on Market127

Property Features for 223 S Pearl St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 15
Listing Agency: Howard Hanna Real Estate Services Inc Tecumseh
Listed By: Patrick Hoffman · License #OH SAL.2012002500
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 12:48PM

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 Howard Hanna Real Estate Services Inc Tecumseh

Investment Insights

Based on property information with market context.

This residential income multifamily property is being offered as part of a coordinated portfolio sale that includes six properties and totals 15 residential units.

The full offering will be sold simultaneous to one buyer, with the seller completing the transaction using a 1031 exchange. Other properties included in the portfolio are located at 827 E Hunt, 345 E Maumee, 603 E Maumee, 1124 E Church St, and 430 S Mckenzie, in addition to 223 S Pearl St in Tecumseh, Michigan.

Prospective buyers should review the complete portfolio package, since the sale is structured so all included properties transfer together.

Key Highlights

  • Part of a six‑property portfolio sale totaling 15 residential units.
  • Total portfolio price is $935,000, with all properties sold to the same buyer.
  • Other portfolio addresses listed: 827 E Hunt Adrian (2 units), 345 E Maumee Adrian (4 units), 603 E Maumee Adrian (2 units), 1124 E Church St Adrian (2 units), 430 S Mckenzie Adrian (3 units).

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick HVAC Service Grocery & Convenience Store Barber Shop Garden Center (Bike/Boat/Book/etc) Store Veterinary Clinic

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

15
Residential units

Location Intelligence

Trade Area within ½ mile

618
Businesses Nearby

Demographics for 49286, MI

14,991
Population
6,144
Households
2.4
Avg Household Size
45
Median Age
27%
College-Educated
95%
High-School Grad
58.2 sq mi
ZIP Area
258
Density / Sq Mi
$73,054
Median Household Income
$37,480
Median Earnings
$954
Median Rent
$221,800
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?
Multifamily property - Part of a six-property portfolio sale totaling 15 residential units, offered for simultaneous purchase under a 1031 exchange.
Where is this multifamily property located?
The property is located at 223 S Pearl St Tecumseh, MI.
What are key features of this property?
This property features: Part of a six‑property portfolio sale totaling 15 residential units.; Total portfolio price is $935,000, with all properties sold to the same buyer.; Other portfolio addresses listed: 827 E Hunt Adrian (2 units), 345 E Maumee Adrian (4 units), 603 E Maumee Adrian (2 units), 1124 E Church St Adrian (2 units), 430 S Mckenzie Adrian (3 units).
(248) 342-4604 Call to check price and availability
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