Three-Unit Triplex Income
For Sale
$299,900
400 La Salle Avenue, St Joseph, MI 49085
MULTI_FAMILY - St. Joseph, MI
Property SizeContact for details
Lot Size0.21 Acres
Days on Market47
Property Features for 400 La Salle Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 1, Basement
Parking
3
Parking features
Driveway
Basement
Full
Lot features
Sidewalk
Elementary school district
St. Joseph
Middle school district
St. Joseph
High school district
St. Joseph
Directions
From downtown St. Joseph: South on Lakeshore Drive (Red Arrow) La Salle on the east side of road. Property is the first driveway on the south side of La Salle.
Standard status
Active
APN
11-76-8550-0052-00-1
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 52 & 53 WILKINSON & BURKHARDS ADD TO CITY OF ST JOSEPH ALSO THAT PT OF VAC 14' ALLEY S OF SD PROPERTY PER 958/1033
Tax Annual Amount
4954
Legal Description
LOTS 52 & 53 WILKINSON & BURKHARDS ADD TO CITY OF ST JOSEPH ALSO THAT PT OF VAC 14' ALLEY S OF SD PROPERTY PER 958/1033
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1910
Number of units
3
Building materials
Block
Roof type
Composition
Listing Agency:
Realty Executives Instant Equity · Realty Executives International
(269) 983-7721
Listed By:
Matt Sieber
(269) 277-6001
Added: Jun 26
Changed: Jul 25
Last Checked: Aug 11 at 10:06PM
MLS# 26032334
Copyright © 2026 Michigan Regional Information Center, LLC. 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 triplex is positioned as an income-producing residential income property with gross annual income of $30,300. The exterior is described as refreshable with new paint and updated landscaping, and the remarks also note interior upgrades to each unit as a potential path to improving performance. Set on a 0.21-acre lot, the property is offered for sale in St. Joseph, Michigan.
Located in the heart of St. Joseph in southwest Michigan, the property benefits from the area’s year-round appeal and proximity to Lake Michigan, along with limited housing inventory. The listing also references St. Joseph’s downtown activity and consistent tourism as part of the rental demand backdrop.
For investors or owner-operators looking for a small multifamily asset, this provides a straightforward 3-unit structure and a hands-on value-add approach focused on exterior and interior improvements. With limited housing inventory cited in the remarks and lake-adjacent demand drivers, the property may appeal to buyers seeking to renovate and stabilize an income stream while keeping operations manageable at a three-door scale.
Located in the heart of St. Joseph in southwest Michigan, the property benefits from the area’s year-round appeal and proximity to Lake Michigan, along with limited housing inventory. The listing also references St. Joseph’s downtown activity and consistent tourism as part of the rental demand backdrop.
For investors or owner-operators looking for a small multifamily asset, this provides a straightforward 3-unit structure and a hands-on value-add approach focused on exterior and interior improvements. With limited housing inventory cited in the remarks and lake-adjacent demand drivers, the property may appeal to buyers seeking to renovate and stabilize an income stream while keeping operations manageable at a three-door scale.
Key Highlights
- Triplex in St. Joseph with 3 units and reported annual gross income of $30,300
- Block construction with composition roof and forced‑air heating
- Window unit(s) for cooling
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Explore this area
Business Placement
Demographics for 49085, MI
24,047
Population
11,468
Households
2.1
Avg Household Size
44
Median Age
49%
College-Educated
97%
High-School Grad
24.1 sq mi
ZIP Area
998
Density / Sq Mi
$101,763
Median Household Income
$58,316
Median Earnings
$1,099
Median Rent
$287,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit triplex in St. Joseph with $30,300 in annual gross income and proximity to Lake Michigan.
Where is this triplex located?
The property is located at 400 La Salle Avenue St Joseph, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Triplex in St. Joseph with 3 units and reported annual gross income of $30,300; Block construction with composition roof and forced‑air heating; Window unit(s) for cooling
