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Hemlock Multi-Unit Investment Opportunity
For Sale
$799,000

600 Thomas St, Hemlock, MI 48626

Six-unit property with long-term tenants and strong rental demand.

Property Size4,698 SF
Days on Market144

Property Features for 600 Thomas St

General Information

Standard status Active
Size 4,698 SF
Property subtype Investment

Taxes and HOA fees

Annual Taxes $5,158

Building Details

Building Size 4,698 SF
Year Built 1988
Units 6
Listing Agency:
Listed By: Tami Laduke
Source: Elliman
Added: Apr 10 Changed: Aug 21 Last Checked: Aug 30 at 5:06PM

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 Tami Laduke

Investment Insights

Based on property information with market context.

This well-maintained investment property in Hemlock features a total of six units, comprised of one quadplex and one duplex, situated on a landscaped parcel. Each unit offers nearly 800 square feet of living space, including 2 bedrooms, 1 full bath, a living room, and a kitchen. The units also feature private laundry rooms and finished, heated garages. The property is suitable for independent living, traditional apartments, or multi-family housing. The property has long-term residents, with some having resided there for up to 20 years, and a waiting list for future occupancy. Located at the end of a quiet dead-end street, the property is accessed by a private drive. It is also located minutes from shopping, dining, and medical facilities.

Key Highlights

  • Six Units (Quadplex and Duplex) on a meticulously landscaped parcel
  • Well‑maintained, one‑owner property with pride of ownership evident
  • Each unit features 2 bedrooms, 1 bath, spacious living room, and generously sized kitchen

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Restaurant Spa & Massage Center Nail Salon Hair Salon Dental Office

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

Location Intelligence

Trade Area within ½ mile

128
Businesses Nearby

Demographics for 48626, MI

5,962
Population
2,307
Households
2.6
Avg Household Size
45
Median Age
31%
College-Educated
97%
High-School Grad
65.5 sq mi
ZIP Area
91
Density / Sq Mi
$81,961
Median Household Income
$40,756
Median Earnings
$935
Median Rent
$208,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Six-unit property with long-term tenants and strong rental demand.
Where is this apartment building located?
The property is located at 600 Thomas St Hemlock, MI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Six Units (Quadplex and Duplex) on a meticulously landscaped parcel; Well‑maintained, one‑owner property with pride of ownership evident; Each unit features 2 bedrooms, 1 bath, spacious living room, and generously sized kitchen
More about this property
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