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Updated Quadplex
For Sale
$385,000

46131 S Lakeshore Drive, Lawrence, MI 49064

Fully occupied four-unit property with private outdoor space, ample parking, shared laundry, and access to nearby lakes.

Property Size3,800 SF
Lot Size0.50 Acres
Days on Market136

Property Features for 46131 S Lakeshore Drive

General Information

Standard status Active
Size 3,800 SF
Total Parking Spaces 8
Lot size 0.50 Acres
Property subtype Residential Income
Occupancy 100%

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $2,836

Amenities

common laundry area

Building Details

Building Size 3,800 SF
Year Built 1986
Units 4
Listing Agency: RE/MAX Lakeshore
Listed By: Tantzi Habsburg · License #6501403918
Source: Insiderealty
Added: Apr 17 Changed: Aug 28 Last Checked: Aug 28 at 11:31AM

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 RE/MAX Lakeshore

Investment Insights

Based on property information with market context.

This four-unit residential income property contains 3,800 square feet within a 1986-built structure. Each apartment offers 2 bedrooms and 1 bathroom across 950 square feet. Recent improvements include multiple newer windows and doors, AC units, dishwashers, and a well installed in 2019. A shared laundry area serves the complex.

The property occupies 0.5 acres at 46131 S Lakeshore Dr in Lawrence Township, Michigan. Residents have on-site parking and access to private outdoor space, with Lake Cora and Reynolds Lake public access located minutes away. A 20' x 24' two-stall garage provides additional utility and could support extra income. The property is fully rented, and showings require an appointment.

Key Highlights

  • Four units, each with 2 bedrooms, 1 bathroom, and 950 sq.ft.
  • 3,800‑square‑foot quadplex built in 1986
  • 0.5‑acre lot with private outdoor space and ample parking

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Building Supply Dental Office Big Box & Wholesale Store Bakery Bed & Breakfast Hotel & Motel

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

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby

Demographics for 49064, MI

3,854
Population
1,746
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
80%
High-School Grad
48.1 sq mi
ZIP Area
80
Density / Sq Mi
$61,863
Median Household Income
$38,115
Median Earnings
$756
Median Rent
$163,400
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?
Quadplex - Fully occupied four-unit property with private outdoor space, ample parking, shared laundry, and access to nearby lakes.
Where is this quadplex located?
The property is located at 46131 S Lakeshore Drive Lawrence, MI.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms, 1 bathroom, and 950 sq.ft.; 3,800‑square‑foot quadplex built in 1986; 0.5‑acre lot with private outdoor space and ample parking
More about this property
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