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5-Unit Apartment Building

411 E State, East Tawas, MI 48730

For Sale
New
$250,000

Multi-Family, 2 Story, Apartment, East Tawas, MI

Property Size2,886 SF
Lot Size0.24 Acres
Price / SF$86.63
Days on Market3

Property Features for 411 E State

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning Multi-Family,Commercial
Zoning description Multi-Family, Commercial
Bedrooms 5
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 5
Interior features Foyer Entrance
Elementary school district Tawas Area Schools
Middle school district Tawas Area Schools
High school district Tawas Area Schools
Directions Newman St to (R) E State St to blocks to property on the left
Subdivision Iosco
Standard status Active
Size 2,886 SF
Lot size 0.24 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description PLAN OF THE VILLAGE OF EAST TAWAS LOT 4 & E 14 FT OF LOT 3 BLK 30
Legal Description PLAN OF THE VILLAGE OF EAST TAWAS LOT 4 & E 14 FT OF LOT 3 BLK 30

Building Details

Year built 1900
Floors in Building 2
Number of units 5
Building materials Frame
Roof type Asphalt
Architectural style Other
Listing Agency: STERLING PROPERTIES
Listed By: SHANNONE BONDIE
Added: Nov 5 Changed: Nov 6 Last Checked: Nov 7 at 12:06PM
MLS# 1952354

Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This two-story apartment property contains five rental units within a 2,886-square-foot frame building on a 0.24-acre parcel. Constructed in 1900, the building has an asphalt roof and a foyer entrance. Its zoning is designated Multi-Family and Commercial, and all five units are currently leased.

The property is in East Tawas near downtown, with local shops, restaurants, entertainment, parks, and the Lake Huron shoreline among the nearby area features.

Key Highlights

  • Five rental units, all currently leased
  • 2,886‑square‑foot, two‑story frame building
  • 0.24‑acre parcel

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

254
Businesses Nearby

Demographics for 48730, MI

4,443
Population
3,536
Households
1.3
Avg Household Size
55
Median Age
24%
College-Educated
94%
High-School Grad
81.5 sq mi
ZIP Area
55
Density / Sq Mi
$48,993
Median Household Income
$31,478
Median Earnings
$608
Median Rent
$139,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - All five residences are leased, with multi-family and commercial zoning.
Where is this apartment building located?
The property is located at 411 E State East Tawas, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Five rental units, all currently leased; 2,886‑square‑foot, two‑story frame building; 0.24‑acre parcel
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