Renovated Triplex with Vacant
For Sale
$209,900
321 Dresser Street, Cheboygan, MI 49721
MultiFamily, Two Story, Cheboygan, MI
Property SizeContact for details
Days on Market55
Property Features for 321 Dresser Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Laundry Room, Bathroom 2, Bedroom 4
Subdivision
Pattersons Add
Elementary school
Cheboygan
High school
Cheboygan
Directions
Drive northwest on West State St/C-66. Left to Dresser St. Property is on the right.
Standard status
Active
APN
054-P35-001-002-00
Taxes and HOA fees
Tax Year
2025
Tax Description
PATTERSONS ADDITION TO CHEBOYGAN VILLAGE NO 2, N1/2 LOT 2, BLK 1. **AND** E1/2 ADJ VAC ALLEY. (SEC 31, T38N,R1W) 436/674;471/395;1446/964
Tax Annual Amount
2295
Legal Description
PATTERSONS ADDITION TO CHEBOYGAN VILLAGE NO 2, N1/2 LOT 2, BLK 1. **AND** E1/2 ADJ VAC ALLEY. (SEC 31, T38N,R1W) 436/674;471/395;1446/964
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Amenities
in-unit laundry
deck
yard
Building Details
Floors in Building
2
Number of units
3
Architectural style
Other
Listing Agency:
Beycome Brokerage Realty LLC
Listed By:
Steven Koleno
(804) 656-5007
Added: Aug 13
Changed: Sep 17
Last Checked: Oct 6 at 3:06AM
MLS# 201842167
Copyright © 2026 Water Wonderland Board of 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 three-unit residential income property includes two one-bedroom, one-bath apartments and one two-bedroom, one-bath apartment. The vacant apartment received a substantial 2025 renovation with new LVP flooring, cabinetry, appliances, bathroom finishes, windows, paint, fixtures, and a laundry hookup. The other two apartments have updated flooring and paint; each also includes an in-unit washer and dryer. A newer roof and front and side porches add to the recent improvements. One shared deck serves Apartments 1 and 2, while Apartment 3 has a large rear deck and separate yard space.
Two apartments are occupied, and the remaining unit is vacant and move-in ready. The property offers three off-street parking spaces, separate electric meters, centralized gas and water/sewer service, and forced-air heating. Downtown Cheboygan shops, restaurants, and amenities are approximately two blocks away, at 321 Dresser Street.
Two apartments are occupied, and the remaining unit is vacant and move-in ready. The property offers three off-street parking spaces, separate electric meters, centralized gas and water/sewer service, and forced-air heating. Downtown Cheboygan shops, restaurants, and amenities are approximately two blocks away, at 321 Dresser Street.
Key Highlights
- Three‑unit property with two 1‑bedroom/1‑bath apartments and one 2‑bedroom/1‑bath apartment
- Apartment 2 extensively renovated in 2025 with new flooring, kitchen, bathroom, windows, paint, fixtures, and laundry hookup
- Two apartments occupied; one vacant and move‑in ready
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments include two one-bedroom units and one two-bedroom unit.
Where is this triplex located?
The property is located at 321 Dresser Street Cheboygan, MI.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Three‑unit property with two 1‑bedroom/1‑bath apartments and one 2‑bedroom/1‑bath apartment; Apartment 2 extensively renovated in 2025 with new flooring, kitchen, bathroom, windows, paint, fixtures, and laundry hookup; Two apartments occupied; one vacant and move‑in ready
