12-Unit Multifamily
For Sale
$1,100,000
504506 504-506*** 1st St, Jackson, MI 49203
Two multifamily buildings are offered together as a single apartment investment package in Jackson, Michigan.
Property SizeContact for details
Days on Market26
Property Features for 504506 504-506*** 1st St
General Information
Standard status
Active
Property subtype
Multi-Family
Net Operating Income
$63,000
Financials
Cap Rate
5.75%
Gross Income
$101,000
Additional Details
Multifamily Units
12
Building Details
Year Built
1930
Buildings
2
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 937-5232
Listed By:
Jennifer Chmielewski · License #6501412520
Source:
Katie-k
Added: Aug 5
Changed: Aug 29
Last Checked: Aug 29 at 3:33PM
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 ERA Reardon Realty, L.L.C.
Investment Insights
Based on property information with market context.
This multifamily offering combines two apartment buildings totaling 12 units. The package includes an 8-unit building at 504-506 First St. and a 4-unit building at 510 First St., with both properties offered together. The buildings were constructed in 1930 and are positioned as workforce housing assets within a rental market described as having high renter occupancy, limited inventory, and consistent housing demand.
The property is located in Jackson, Michigan, and may suit investors seeking multifamily assets, portfolio expansion, or a 1031 exchange acquisition. The current cap rate is 5.75%, while seller projections indicate stabilization to a cap rate approaching 9.6%.
The property is located in Jackson, Michigan, and may suit investors seeking multifamily assets, portfolio expansion, or a 1031 exchange acquisition. The current cap rate is 5.75%, while seller projections indicate stabilization to a cap rate approaching 9.6%.
Key Highlights
- 12‑unit multifamily package combining 8‑unit and 4‑unit buildings
- 8‑unit building at 504‑506 First St.
- 4‑unit building at 510 First St.
Property Analytics
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 49203, MI
37,269
Population
16,999
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
26.5 sq mi
ZIP Area
1,406
Density / Sq Mi
$55,689
Median Household Income
$37,096
Median Earnings
$992
Median Rent
$150,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two multifamily buildings are offered together as a single apartment investment package in Jackson, Michigan.
Where is this apartment building located?
The property is located at 504506 504-506*** 1st St Jackson, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 12‑unit multifamily package combining 8‑unit and 4‑unit buildings; 8‑unit building at 504‑506 First St.; 4‑unit building at 510 First St.
