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Multifamily Property
New
For Sale
$599,900

329 1st St, Rochester, MI 48307

The property carries multifamily zoning and offers walkable access to Rochester.

Property Size1,106 SF
Days on Market3

Property Features for 329 1st St

General Information

Standard status Active
Size 1,106 SF
Property subtype Investment

Taxes and HOA fees

Annual Taxes $7,410

Building Details

Building Size 1,106 SF
Year Built 1926
Units 2
Listing Agency: The Drew Colburn Real Estate Group
Listed By: Andrew F Colburn
Source: Elliman
Added: Aug 18 Changed: Aug 19 Last Checked: Aug 20 at 11:48AM

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 The Drew Colburn Real Estate Group

Investment Insights

Based on property information with market context.

Located at 329 1st St in Rochester, MI, this multifamily property was constructed in 1926 and is offered for sale with 319 1st St. The zoning is identified as multifamily, supporting the property’s classified use. The location records a Walk Score of 79 and a Bike Score of 56, reflecting access suited to walking and bicycle travel. The offering is subject to limited property access before an accepted offer and a short due diligence period, as stated in the remarks.

Key Highlights

  • Multifamily zoning
  • Built in 1926
  • Sale includes 319 1st St

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Veterinary Clinic Storage Facility Catering Service Florist

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

2,013
Businesses Nearby

Demographics for 48307, MI

44,673
Population
19,493
Households
2.3
Avg Household Size
39
Median Age
58%
College-Educated
96%
High-School Grad
15.2 sq mi
ZIP Area
2,939
Density / Sq Mi
$105,118
Median Household Income
$61,528
Median Earnings
$1,499
Median Rent
$329,400
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 - The property carries multifamily zoning and offers walkable access to Rochester.
Where is this multifamily property located?
The property is located at 329 1st St Rochester, MI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Multifamily zoning; Built in 1926; Sale includes 319 1st St
More about this property
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