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Eight-Unit Apartment Buildings
New
For Sale
$214,900

687 Mcguigan Ave, Benton Harbor, MI 49022

Two apartment buildings offer matching one-bedroom layouts with separately metered gas and electric service.

Property Size424 SF
Price / SF$506.84
Days on Market6

Property Features for 687 Mcguigan Ave

General Information

Standard status Active
Size 424 SF
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence in need of freshening up

Units

Unit Mix 8 x 1BR/1BA
Multifamily Units 8

Additional Details

Utilities to Site Yes

Building Details

Year Built 1961
Buildings 2
Listing Agency: Bradbury Development Co.
Listed By: Rogers Neighborhood Realty
Source: Rogersneighborhoodrealty
Added: Sep 9 Changed: Sep 13 Last Checked: Sep 13 at 8:25AM

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 Bradbury Development Co.

Investment Insights

Based on property information with market context.

This apartment property includes two buildings at 687 and 695 McGuigan Ave, with four units in each building for a total of eight apartments. Each unit measures approximately 424 square feet and includes one bedroom, a living room, kitchen, and bathroom. The buildings were constructed in 1961.

Gas and electric service are separately metered for each apartment, while the owner pays water, sewer, and trash expenses. One unit is currently vacant and requires freshening before being placed back on the rental market. Several residents have been in place for an extended period, and the property is positioned in Benton Harbor, MI.

Key Highlights

  • Eight total apartment units across two buildings
  • Four units in each building at 687 and 695 McGuigan Ave
  • Approximately 424 sqft per unit

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Pharmacy Hair Salon HVAC Service

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

8
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

253
Businesses Nearby

Demographics for 49022, MI

30,143
Population
14,484
Households
2.1
Avg Household Size
39
Median Age
18%
College-Educated
85%
High-School Grad
67.3 sq mi
ZIP Area
448
Density / Sq Mi
$39,859
Median Household Income
$29,530
Median Earnings
$797
Median Rent
$140,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Two apartment buildings offer matching one-bedroom layouts with separately metered gas and electric service.
Where is this apartment building located?
The property is located at 687 Mcguigan Ave Benton Harbor, MI.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Eight total apartment units across two buildings; Four units in each building at 687 and 695 McGuigan Ave; Approximately 424 sqft per unit
More about this property
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