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Leased 3-Unit Triplex

607 W Prospect Street, Marshall, MI 49068

For Sale
$249,000

Multi Family, Marshall, MI

Property SizeContact for details
Lot Size0.16 Acres
Days on Market46

Property Features for 607 W Prospect Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Full bathrooms 3
Rooms Bathroom 2, Bedroom 1, Basement, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 3
Parking 4
Lot features Sidewalk
Elementary school district Marshall
Middle school district Marshall
High school district Marshall
Directions Front Michigan Ave, go north on Mulberry, turn west on Prospect. Building is on the south side of the road.
Standard status Active
APN 53-000-235-00
Lot size 0.16 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2026
Tax Description MARSHALL CITY, LOWER VILLAGE E 2 RDS LOT 4, EXC S 60 FT & W 2 RDS LOT 5, EXC S 60 FT. ALL IN BLK 7.
Tax Annual Amount 7491
Legal Description MARSHALL CITY, LOWER VILLAGE E 2 RDS LOT 4, EXC S 60 FT & W 2 RDS LOT 5, EXC S 60 FT. ALL IN BLK 7.

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Forced Air
Cooling system Window Unit(s)

Building Details

Year built 1885
Number of units 3
Building materials Vinyl Siding
Listing Agency: Five Star Real Estate
Listed By: Liz Beischer
Added: Sep 25 Changed: Oct 30 Last Checked: Nov 9 at 11:06PM
MLS# 26051239

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This three-unit residential property was built in 1885 and occupies a 0.16-acre lot. The building has vinyl siding, forced-air heating, and window-unit cooling.

Public sewer serves the property, and cable is available. All three units are leased.

Key Highlights

  • Three‑unit residential property
  • Fully leased
  • Built in 1885 on a 0.16‑acre lot

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

792
Businesses Nearby

Demographics for 49068, MI

14,325
Population
6,901
Households
2.1
Avg Household Size
45
Median Age
36%
College-Educated
96%
High-School Grad
129.9 sq mi
ZIP Area
110
Density / Sq Mi
$78,476
Median Household Income
$47,198
Median Earnings
$904
Median Rent
$196,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - The property is fully leased and served by forced-air heat and window-unit cooling.
Where is this triplex located?
The property is located at 607 W Prospect Street Marshall, MI.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Three‑unit residential property; Fully leased; Built in 1885 on a 0.16‑acre lot
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