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Spacious Three-Unit Investment Property
For Sale
$199,900

423 E Division St, Dowagiac, MI 49047

Three units, garage, and large yard investment opportunity.

Property Size3,288 SF
Lot Size0.38 Acres
Price / SF$60.80
Days on Market165

Property Features for 423 E Division St

General Information

Standard status Active
Size 3,288 SF
Lot size 0.38 Acres
Property subtype Investment

Taxes and HOA fees

Annual Taxes $2,473

Building Details

Year Built 1880
Units 3
Listing Agency: @properties Christie's Intl RE
Listed By: Martha Hassle · License #6501285895
Source: Elliman
Added: Mar 10 Changed: Aug 16 Last Checked: Aug 20 at 10:01AM

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 @properties Christie's Intl RE

Investment Insights

Based on property information with market context.

This property features three distinct units. Unit #1, located on the main floor, is a 1-bedroom apartment with a large living room and approximately 1235 square feet. Unit #B, also on the main floor, is a 2-bedroom unit that includes a generous living room, a separate dining room, and a large kitchen with approximately 1409 square feet. Unit #3, located on the second floor, is a 1-bedroom unit providing privacy with approximately 644 square feet. A detached garage offers potential for additional rental income. The owner is responsible for trash and water services. The property also includes a large yard.

Key Highlights

  • Three separate units offer diverse rental income streams.
  • Detached garage provides potential for additional rental income.
  • Unit #B is a spacious 2‑bedroom apartment with a separate dining room and large kitchen.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Spa & Massage Center Electrical Service Pharmacy Parking Lot & Garage Daycare Center Bakery

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

346
Businesses Nearby

Demographics for 49047, MI

14,541
Population
8,205
Households
1.8
Avg Household Size
41
Median Age
21%
College-Educated
89%
High-School Grad
119.3 sq mi
ZIP Area
122
Density / Sq Mi
$55,469
Median Household Income
$38,033
Median Earnings
$750
Median Rent
$182,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three units, garage, and large yard investment opportunity.
Where is this triplex located?
The property is located at 423 E Division St Dowagiac, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Three separate units offer diverse rental income streams.; Detached garage provides potential for additional rental income.; Unit #B is a spacious 2‑bedroom apartment with a separate dining room and large kitchen.
More about this property
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