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Ionia Duplex with Recent Upgrades
For Sale
$175,000

258 E Adams St, Ionia, MI 48846

Well-maintained Ionia duplex with significant capital improvements and strong occupancy.

Days on Market110

Property Features for 258 E Adams St

General Information

Standard status Active
Property subtype Investment

Building Details

Year Built 1947
Listing Agency: Keller Williams Realty Rivertown
Listed By: Cathy A Hoppough · License #6502365936
Source: Elliman
Added: Apr 14 Changed: Jul 10 Last Checked: Jul 31 at 12:09PM

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 Keller Williams Realty Rivertown

Investment Insights

Based on property information with market context.

This impeccably maintained duplex is located in Ionia, Michigan. The property has undergone a significant overhaul since 2018, including a complete replacement of the main sewer line, a new main water line, two new furnaces, and two new water heaters. Additional capital improvements include new vinyl siding, energy-efficient windows, a new roof over the garage, and a freshly paved driveway and sidewalks. The interior features modernized kitchens with newer appliances. The property consists of two 1-bedroom, 1-bathroom units that have a consistent and strong occupancy history. The upper unit includes an attached garage. The property is situated a short distance from the trails, parks, and shops of Historic Downtown Ionia. The property is fully rented.

Key Highlights

  • Extensive renovations since 2018 minimize future maintenance.
  • Fully rented duplex provides immediate income.
  • Prime location near trails, parks, and the shops of Historic Downtown Ionia, attracting quality tenants.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Hair Salon Bakery (Bike/Boat/Book/etc) Store Nail Salon Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

486
Businesses Nearby

Demographics for 48846, MI

22,470
Population
7,597
Households
3
Avg Household Size
38
Median Age
12%
College-Educated
88%
High-School Grad
110.6 sq mi
ZIP Area
203
Density / Sq Mi
$66,717
Median Household Income
$37,858
Median Earnings
$804
Median Rent
$172,300
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?
Duplex - Well-maintained Ionia duplex with significant capital improvements and strong occupancy.
Where is this duplex located?
The property is located at 258 E Adams St Ionia, MI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Extensive renovations since 2018 minimize future maintenance.; Fully rented duplex provides immediate income.; Prime location near trails, parks, and the shops of Historic Downtown Ionia, attracting quality tenants.
More about this property
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