Five-Unit Apartment
For Sale
$329,900
501 S University, Mt Pleasant, MI 48858
Multi-Family, 2 Story, Mt Pleasant, MI
Property Size3,725 SF
Lot Size0.18 Acres
Price / SF$88.56
Days on Market306
Property Features for 501 S University
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
Multi-Family
Zoning description
Multi-Family
Interior features
Hardwood Floors, Storage Space, Drywall
Appliances
Refrigerator, Oven/Range, Smoke Alarms
Elementary school district
Mount Pleasant City School District
Middle school district
Mount Pleasant City School District
High school district
Mount Pleasant City School District
Directions
From High street, North onto S University, on corner of University and E Locust
Subdivision
Isabella
Standard status
Active
Size
3,725 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
BENTLEY ADD LOT 5 BLOCK 8. NOTE: RENTAL - __ UNITS/__ OCC
Legal Description
BENTLEY ADD LOT 5 BLOCK 8. NOTE: RENTAL - __ UNITS/__ OCC
Building Details
Year built
1900
Floors in Building
2
Number of units
5
Building materials
Frame
Roof type
Asphalt
Architectural style
Other
Additional Structures
Storage
Listing Agency:
THE BRAVADO REALTY
Listed By:
Mike Henkel · License #6502431250
(989) 404-0000
Added: Dec 3, 2025
Changed: Sep 6
Last Checked: Oct 5 at 7:06PM
MLS# 1940950
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.
Investment Insights
Based on property information with market context.
This 3,725-square-foot apartment building contains five residential units on a 0.18-acre corner lot. The unit mix includes three-bedroom, two-bedroom, one-bedroom, and four-bedroom layouts, with individual unit sizes ranging from 450 to 1,000 square feet. Interior features include hardwood floors, storage space, drywall, refrigerators, oven/ranges, and smoke alarms. The frame structure was built in 1900 and has an asphalt roof.
All five units are occupied, with leases in place through 2027. Separate utilities and off-street parking support the property’s operating configuration, while professional management is in place. The property is zoned Multi-Family and is located in Mt Pleasant, Michigan.
All five units are occupied, with leases in place through 2027. Separate utilities and off-street parking support the property’s operating configuration, while professional management is in place. The property is zoned Multi-Family and is located in Mt Pleasant, Michigan.
Key Highlights
- Five apartment units totaling 3,725 square feet
- Unit sizes range from 450 to 1,000 square feet
- Unit mix includes 1-, 2-, 3-, and 4‑bedroom apartments
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,023
Businesses Nearby
Explore this area
Business Placement
Demographics for 48858, MI
41,844
Population
19,396
Households
2.2
Avg Household Size
30
Median Age
37%
College-Educated
93%
High-School Grad
174.4 sq mi
ZIP Area
240
Density / Sq Mi
$48,794
Median Household Income
$22,775
Median Earnings
$862
Median Rent
$168,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Occupied multifamily property with separate utilities, off-street parking, and leases extending through 2027.
Where is this apartment building located?
The property is located at 501 S University Mt Pleasant, MI.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Five apartment units totaling 3,725 square feet; Unit sizes range from 450 to 1,000 square feet; Unit mix includes 1-, 2-, 3-, and 4‑bedroom apartments
