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Fully Occupied Multifamily Property
New
For Sale
$150,000

225 BACKUS STREET, Cheboygan, MI 49721

MULTI_FAMILY - CHEBOYGAN, MI

Property SizeContact for details
Days on Market2

Property Features for 225 BACKUS STREET

General Information

Property type Residential Multi Family
Property subtype Single Family Attached
High school CHEBOYGAN
Standard status Active
Listing Agency: Coldwell Banker Schmidt Realtors - Cheboygan · Coldwell Banker Real Estate
Listed By: Missy Koszegi · License #6506045140
Added: Aug 10 Last Checked: Aug 11 at 9:06PM
MLS# 322741

Copyright © 2026 Coldwell Banker Schmidt REALTORS. 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 multifamily property includes residential units that are currently rented at full occupancy. The existing leasing status provides a clear snapshot of the property’s present residential use, while the asset remains positioned within Cheboygan city limits.

Located at 225 Backus Street in Cheboygan, Michigan, the property carries a 49721 ZIP code and is situated in Cheboygan County. The listing identifies the asset as a multifamily property offered for sale, with current occupancy established through rented units.

Key Highlights

  • Multifamily property with units currently rented at full occupancy
  • Located within Cheboygan city limits
  • 225 Backus Street, Cheboygan, MI 49721

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Building Supply Furniture & Home Goods Storage Facility Big Box & Wholesale Store Auto Parts Store

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

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

418
Businesses Nearby

Demographics for 49721, MI

14,058
Population
8,535
Households
1.6
Avg Household Size
50
Median Age
22%
College-Educated
89%
High-School Grad
266.7 sq mi
ZIP Area
53
Density / Sq Mi
$60,840
Median Household Income
$30,807
Median Earnings
$753
Median Rent
$170,000
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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multifamily units are currently rented at full occupancy within Cheboygan city limits.
Where is this multifamily property located?
The property is located at 225 BACKUS STREET Cheboygan, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Multifamily property with units currently rented at full occupancy; Located within Cheboygan city limits; 225 Backus Street, Cheboygan, MI 49721
More about this property
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