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Triplex Apartment Building
For Sale
$190,000

625 Oak St, Paw Paw, MI 49079

All residences are occupied by established long-term tenants, supporting immediate continuity for the next owner.

Property SizeContact for details
Days on Market10

Property Features for 625 Oak St

General Information

Standard status Active
Property subtype Residential Income
Occupancy 100%

Taxes and HOA fees

Annual Taxes $3,246

Building Details

Tenancy Multi
Listing Agency: Kalamazoo Realty
Listed By: Ryan C Rarick · License #6504431378
Source: Exprealty
Added: Jul 29 Changed: Aug 2 Last Checked: Aug 2 at 5:57AM

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 Kalamazoo Realty

Investment Insights

Based on property information with market context.

This triplex includes three separate residential units, each offering one bedroom and one bathroom. Every unit is occupied by a long-term tenant, providing an established occupancy profile for an owner seeking a residential income property. The three-unit configuration keeps the asset focused and straightforward to operate.

Located at 625 Oak St in Paw Paw, the property is minutes from downtown, shopping, restaurants, schools, and bus service. Its proximity to everyday destinations and public transportation adds practical convenience for residents. The property is suited to buyers seeking a small-scale multifamily asset with existing tenants and a defined unit layout.

Key Highlights

  • Three‑unit multifamily property with three 1‑bedroom, 1‑bathroom units
  • All three units are occupied by long‑term tenants
  • Located at 625 Oak St, Paw Paw, MI

Property Analytics

Current Use

Triplexes

Suggested Use

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

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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

603
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
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Frequently Asked Questions

What type of property is this?
Triplex - All residences are occupied by established long-term tenants, supporting immediate continuity for the next owner.
Where is this triplex located?
The property is located at 625 Oak St Paw Paw, MI.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Three‑unit multifamily property with three 1‑bedroom, 1‑bathroom units; All three units are occupied by long‑term tenants; Located at 625 Oak St, Paw Paw, MI
More about this property
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