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Five-Unit Apartment Building
New
For Sale
$360,000

621 Oak St, Paw Paw, MI 49079

Five-unit apartment property with shared laundry, accessible entry, individual kitchens, and wall-mounted air conditioning.

Property SizeContact for details
Days on Market7

Property Features for 621 Oak St

General Information

Standard status Active
Property subtype Investment

Units

Unit Mix 2 x 2BR/1BA, 2 x 1BR/1BA, 1 x studio/1BA
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $4,406

Amenities

community laundry center

Building Details

Year Built 1909
Units 5
Listing Agency: Five Star Real Estate
Listed By: Colleen Mencl
Source: Elliman
Added: Aug 15 Changed: Aug 16 Last Checked: Aug 20 at 11:36AM

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 Five Star Real Estate

Investment Insights

Based on property information with market context.

This 1909 apartment building contains five residential units with a varied configuration ranging from studio to two-bedroom layouts. Each unit includes a full bathroom and a kitchen, while wall AC units provide individual cooling. The property also has a ramped entrance and a shared laundry center.

Unit 1 offers two bedrooms, one bathroom, and a walk-in or roll-in shower. Unit 2 has two bedrooms, one bathroom, and a shower/tub combination. Units 3 and 4 each contain one bedroom and one bathroom with shower/tub combinations. Unit 5 has a separate entrance, studio-style layout, and full bathroom.

The property is located at 621 Oak St in Paw Paw, Michigan. The surrounding area is rated Very Walkable with a walk score of 71 and Bikeable with a bike score of 58.

Key Highlights

  • Five apartment units with layouts ranging from studio to 2 bedrooms
  • Unit mix includes two 2‑bedroom units, two 1‑bedroom units, and one studio
  • Ramped entrance and community laundry center

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Garden Center 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

5
Residential units

Location Intelligence

Trade Area within ½ mile

454
Businesses Nearby

Demographics for 49079, MI

13,766
Population
6,019
Households
2.3
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
83.4 sq mi
ZIP Area
165
Density / Sq Mi
$72,119
Median Household Income
$41,376
Median Earnings
$841
Median Rent
$214,600
Median Home Value

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?
Apartment building - Five-unit apartment property with shared laundry, accessible entry, individual kitchens, and wall-mounted air conditioning.
Where is this apartment building located?
The property is located at 621 Oak St Paw Paw, MI.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Five apartment units with layouts ranging from studio to 2 bedrooms; Unit mix includes two 2‑bedroom units, two 1‑bedroom units, and one studio; Ramped entrance and community laundry center
More about this property
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