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

621 Oak Street, Paw Paw, MI 49079

Ramped access, shared laundry, individual kitchens, and varied layouts support a five-unit residential configuration.

Property SizeContact for details
Days on Market18

Property Features for 621 Oak Street

General Information

Standard status Active
Total Parking Spaces 7
Property subtype Residential Income
Lease Term Cash, Conventional

Taxes and HOA fees

Annual Taxes $4,406

Building Details

Year Built 1909
Units 5
Listing Agency: Five Star Real Estate
Listed By: Colleen Mencl
Source: Sabudarealty
Added: Aug 14 Changed: Aug 30 Last Checked: Aug 30 at 1:42PM

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.

Built in 1909, this apartment property in Paw Paw Village contains five residential units with layouts ranging from one- and two-bedroom apartments to a studio. All units include a full bathroom, kitchen, and wall-mounted AC, with a mix of shower and tub configurations. One two-bedroom unit has a walk-in or roll-in shower, while the studio has its own separate entrance.

The building includes a ramped entrance and a shared laundry center. It is located at 621 Oak Street in Paw Paw Village, near the town center. The unit mix and range of floor plans provide a varied multifamily configuration within a single property.

Key Highlights

  • Five units with a mix of 1- and 2‑bedroom layouts plus a studio
  • Unit 1 includes 2 bedrooms, 1 bathroom, and a walk‑in or roll‑in shower
  • Unit 2 offers 2 bedrooms, 1 bathroom, and a shower/tub combination

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.

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Ramped access, shared laundry, individual kitchens, and varied layouts support a five-unit residential configuration.
Where is this apartment building located?
The property is located at 621 Oak Street 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 units with a mix of 1- and 2‑bedroom layouts plus a studio; Unit 1 includes 2 bedrooms, 1 bathroom, and a walk‑in or roll‑in shower; Unit 2 offers 2 bedrooms, 1 bathroom, and a shower/tub combination
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message