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Tenant-Occupied Three-Unit Triplex
New
For Sale
$190,000

625 Oak Street, Paw Paw, MI 49079

The property has long-term tenants and is near downtown, shopping, restaurants, schools, and bus service.

Property SizeContact for details
Days on Market7

Property Features for 625 Oak Street

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Multi Family Home

Units

Unit Mix 3 x 1BR/1BA
Multifamily Units 3

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $3,246

Building Details

Year Built 1930
Buildings 1
Units 3
Listing Agency: Kalamazoo Realty
Listed By: Ryan C Rarick · License #6504431378
Source: Irishhillsfivestarhomes
Added: Aug 25 Changed: Aug 30 Last Checked: Aug 30 at 5:41PM

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.

Located at 625 Oak Street in Paw Paw, Michigan, this triplex contains three residential units, each configured with one bedroom and one bathroom. All units are occupied by long-term tenants, providing an established occupancy profile for a residential income property. The building dates to 1930 and is described as well maintained.

The property is positioned minutes from downtown Paw Paw, with shopping, restaurants, schools, and bus service nearby. Its three-unit layout offers a straightforward multifamily configuration within an established local setting.

Key Highlights

  • Three‑unit triplex with three 1‑bedroom, 1‑bathroom residences
  • All units occupied by long‑term tenants
  • Built in 1930

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

423
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?
Triplex - The property has long-term tenants and is near downtown, shopping, restaurants, schools, and bus service.
Where is this triplex located?
The property is located at 625 Oak Street 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 triplex with three 1‑bedroom, 1‑bathroom residences; All units occupied by long‑term tenants; Built in 1930
More about this property
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