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Triplex with Updated Systems
For Sale
$285,000

62 Filer St, Manistee, MI 49660

HVAC equipment and water heaters have been updated, and the basement apartment was recently renovated.

Property SizeContact for details
Days on Market8

Property Features for 62 Filer St

General Information

Standard status Active
Property subtype Investment

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $3,900

Building Details

Year Built 1885
Units 3
Listing Agency: CENTURY 21 Northland
Listed By: Virginia M Pelton · License #6501323236
Source: Elliman
Added: Oct 11 Changed: Oct 18 Last Checked: Oct 16 at 9:50AM

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 CENTURY 21 Northland

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Investment Insights

Based on property information with market context.

This three-unit property includes a basement apartment that was recently renovated. HVAC equipment and water heaters have also been updated. One apartment is vacant, while another has long-term renters; the basement unit is also occupied. Utility responsibility varies by apartment, with tenants in two units paying gas and electric.

Key Highlights

  • Three apartments, including a basement unit renovated recently
  • HVAC equipment and water heaters have been updated
  • One apartment is currently available; another has long‑term renters

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

663
Businesses Nearby

Demographics for 49660, MI

14,134
Population
7,744
Households
1.8
Avg Household Size
49
Median Age
24%
College-Educated
90%
High-School Grad
171.4 sq mi
ZIP Area
82
Density / Sq Mi
$62,211
Median Household Income
$35,772
Median Earnings
$787
Median Rent
$170,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - HVAC equipment and water heaters have been updated, and the basement apartment was recently renovated.
Where is this triplex located?
The property is located at 62 Filer St Manistee, MI.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Three apartments, including a basement unit renovated recently; HVAC equipment and water heaters have been updated; One apartment is currently available; another has long‑term renters
More about this property
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