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Triplex With Detached Garage
For Sale
$199,900

423 E Division Street, Dowagiac, MI 49047

Multi Family, Dowagiac, MI

Property SizeContact for details
Lot Size0.38 Acres
Days on Market442

Property Features for 423 E Division Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Full bathrooms 3
Rooms Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 2, Basement
Parking 8
Parking features Driveway
Basement Partial, Crawl Space
Lot features Level, Sidewalk, Corner Lot
Elementary school district Dowagiac
Middle school district Dowagiac
High school district Dowagiac
Subdivision Southwestern Michigan - S
Standard status Active
APN 14-160-300-830-00
Lot size 0.38 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description DW 2154 COM AT SE COR LOT 5, TH E 2 RDS, N 10 RDS, W 6 RDS, S 10 RDS, E 4 RDS TO PL OF BEG. JOEL H. SMITH'S ADD CITY OF DOWAGIAC.
Tax Annual Amount 2473
Legal Description DW 2154 COM AT SE COR LOT 5, TH E 2 RDS, N 10 RDS, W 6 RDS, S 10 RDS, E 4 RDS TO PL OF BEG. JOEL H. SMITH'S ADD CITY OF DOWAGIAC.

Utilities

Heating system Forced Air
Cooling system Window Unit(s)

Amenities

garage
large yard

Building Details

Year built 1880
Number of units 3
Building materials Vinyl Siding
Roof type Composition
Listing Agency: @properties Christie's International R.E.
Listed By: Martha Hassle · License #6501285895
Added: Jul 22, 2025 Changed: Sep 22 Last Checked: Oct 6 at 1:06AM
MLS# 25036304

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 1880-built triplex contains three separate apartments arranged across two floors. The main level includes a one-bedroom unit measuring approximately 1,235 square feet and a two-bedroom unit with approximately 1,409 square feet, including living, dining, and kitchen areas. A second-floor one-bedroom apartment adds approximately 644 square feet and a more private layout. The detached garage provides an additional rental-income component.

The property occupies 0.38 acres at 423 E Division Street in Dowagiac, Michigan. Improvements include vinyl siding, a composition roof, forced-air heating, window-unit cooling, and driveway parking. The owner currently pays for trash and water service.

Key Highlights

  • Three‑unit configuration with two 1‑bedroom apartments and one 2‑bedroom apartment
  • Main‑floor 1‑bedroom unit offers approximately 1235 sq ft
  • Main‑floor 2‑bedroom unit measures approximately 1409 sq. ft.

Property Analytics

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Current Use

Triplexes

Suggested Use

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

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

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
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

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

What type of property is this?
Triplex - Three separate apartments include two one-bedroom units and one two-bedroom residence.
Where is this triplex located?
The property is located at 423 E Division Street 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‑unit configuration with two 1‑bedroom apartments and one 2‑bedroom apartment; Main‑floor 1‑bedroom unit offers approximately 1235 sq ft; Main‑floor 2‑bedroom unit measures approximately 1409 sq. ft.
More about this property
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