6-Unit Multifamily
New
For Sale
$299,900
551 Cooper Street, Jackson, MI 49201
Two separate buildings offer a mix of four- and two-unit configurations, with both structures currently fully occupied.
Property SizeContact for details
Days on Market2
Property Features for 551 Cooper Street
General Information
Standard status
Active
Property subtype
Multi Family
Occupancy
100%
Net Operating Income
$42,000
Additional Details
Cap Rate
14%
Multifamily Units
6
Building Details
Year Renovated
2023
Buildings
2
Listing Agency:
Coldwell Banker Beiswanger Realty Group
Listed By:
CURTIS G WATSON · License #6501313628
(517) 435-1500
Source:
Alexmi
Added: Sep 26
Last Checked: Sep 26 at 4:23AM
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 Coldwell Banker Beiswanger Realty Group
Investment Insights
Based on property information with market context.
This Jackson multifamily property comprises two buildings on a corner lot: one with four units and a separate two-unit building. The property is city certified and fully occupied. Improvements completed in 2022 and 2023 include six kitchens, six bathrooms, a new roof, and most flooring. Two furnaces and a water heater were also installed in 2022; all windows and most plumbing in the four-unit building have been updated in recent years.
The rear two-unit building has separate gas and electric meters, and tenants pay their own electric service. It has two separate furnaces; a second water heater would be needed to fully separate gas service. Reported operating figures include approximately $42,000 in annual NOI and a 14% cap rate. The property was built in 1900.
The rear two-unit building has separate gas and electric meters, and tenants pay their own electric service. It has two separate furnaces; a second water heater would be needed to fully separate gas service. Reported operating figures include approximately $42,000 in annual NOI and a 14% cap rate. The property was built in 1900.
Key Highlights
- Six units across two buildings: a four‑unit structure and a separate two‑unit building
- Fully occupied and city certified
- 2022–2023 improvements include six kitchens, six bathrooms, a new roof, and most flooring
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,860
Businesses Nearby
Explore this area
Business Placement
Demographics for 49201, MI
47,747
Population
18,102
Households
2.6
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
155.0 sq mi
ZIP Area
308
Density / Sq Mi
$71,714
Median Household Income
$36,390
Median Earnings
$945
Median Rent
$202,900
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?
Multifamily property - Two separate buildings offer a mix of four- and two-unit configurations, with both structures currently fully occupied.
Where is this multifamily property located?
The property is located at 551 Cooper Street Jackson, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Six units across two buildings: a four‑unit structure and a separate two‑unit building; Fully occupied and city certified; 2022–2023 improvements include six kitchens, six bathrooms, a new roof, and most flooring
