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3-Unit Triplex
New
For Sale
$249,000

607 W Prospect Street, Marshall, MI 49068

Multi Family, Marshall, MI

Property SizeContact for details
Lot Size0.16 Acres
Days on Market1

Property Features for 607 W Prospect Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Full bathrooms 3
Rooms Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 3, Basement, Bedroom 6, Bathroom 1, 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

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 Last Checked: Sep 25 at 7:06PM
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.

Investment Insights

Based on property information with market context.

This three-unit residential income property in Marshall was built in 1885 and has vinyl siding. The building includes six bedrooms and three bathrooms, with forced-air heating and window-unit cooling. Public sewer serves the property, and cable is available.

The parcel encompasses 0.16 acres. All three units are leased.

Key Highlights

  • Three‑unit property with all units leased
  • 0.16‑acre parcel
  • Built in 1885

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store Computer & Electronic Repair Electrical Service Storage Facility

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

Lease Details

3
Residential units
100%
Occupancy

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
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Frequently Asked Questions

What type of property is this?
Triplex - All three units are leased, with forced-air heating 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 property with all units leased; 0.16‑acre parcel; Built in 1885
More about this property
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