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Three-Unit Property with Rooftop Deck
For Sale
$1,050,000

722 Lake Street, Saugatuck, MI 49453

Multi Family, Saugatuck, MI

Property SizeContact for details
Lot Size0.25 Acres
Days on Market129

Property Features for 722 Lake Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Full bathrooms 4
Half bathrooms 1
Rooms Bathroom 3, Laundry Room, Bedroom 2, Basement, Bedroom 1, Bathroom 4, Bedroom 6, Bathroom 2, Bedroom 4, Bathroom 5, Bedroom 5, Bathroom 1, Bedroom 3
Parking 6
Parking features Paved or Surfaced, Driveway
Basement Full, Daylight
Lot features Level, Sidewalk, Wooded
Elementary school district Saugatuck-Douglas
Middle school district Saugatuck-Douglas
High school district Saugatuck-Douglas
Directions Blue Star Hwy to Lake St. to home
Standard status Active
APN 57-514-040-00
Lot size 0.25 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description THAT PART LOT 7 BLK 4 COM ON LINE BETWEEN LOTS 6 & 7 BLK 4 AT PT 100 FT FROM SLY SIDE OF PLEASANT AVE. WLY PPL WITH PLEASANT AVE 40 FT SWLY TO LAKE ST TO A PT 60 FT FROM SE COR LOT 7 TH SELY ALG LK ST. 60 FT TO SE COR LOT 7 TH NELY ALONG ELY SIDE LOT 7 TO BEG BLOCK 4 MORRISON & DENSMORE'S ADDITION.
Tax Annual Amount 10560
Legal Description THAT PART LOT 7 BLK 4 COM ON LINE BETWEEN LOTS 6 & 7 BLK 4 AT PT 100 FT FROM SLY SIDE OF PLEASANT AVE. WLY PPL WITH PLEASANT AVE 40 FT SWLY TO LAKE ST TO A PT 60 FT FROM SE COR LOT 7 TH SELY ALG LK ST. 60 FT TO SE COR LOT 7 TH NELY ALONG ELY SIDE LOT 7 TO BEG BLOCK 4 MORRISON & DENSMORE'S ADDITION.

Utilities

Utilities Cable Available
Heating system Forced Air
Cooling system Central Air, Window Unit(s)

Building Details

Year built 1935
Number of units 3
Building materials Aluminum Siding
Roof type Composition
Listing Agency: HomeRealty, LLC
Listed By: Marie Wiedenhoeft
Added: May 21 Changed: Sep 16 Last Checked: Sep 26 at 3:06AM
MLS# 26024016

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This three-unit property combines a 1935 main residence with two renovated carriage-house accommodations. The 2,200-square-foot main home includes original hardwood flooring, a high-end kitchen, multiple living areas, flexible sleeping arrangements, and a private rooftop deck. The additional units consist of a studio and an upper apartment with a full kitchen, creating a versatile configuration for short-term rental use or personal occupancy.

Set on 0.25 acres at 722 Lake Street, the property is located two blocks from downtown Saugatuck and offers access to Blue Star Highway. Improvements include aluminum siding, a composition roof, forced-air heating, window-unit and central air conditioning, and a paved driveway. Cable is available, and the property includes basement, laundry, six bedrooms, and five bathrooms.

Key Highlights

  • Three‑unit property with a 2,200‑square‑foot main home
  • Two renovated carriage‑house units: a studio and an upper apartment with full kitchen
  • Private rooftop deck and original hardwood floors in the main residence

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Auto Repair Shop Locksmith (Bike/Boat/Book/etc) Store Bakery Big Box & Wholesale Store Computer & Electronic Repair

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

528
Businesses Nearby

Demographics for 49453, MI

2,950
Population
2,113
Households
1.4
Avg Household Size
53
Median Age
52%
College-Educated
98%
High-School Grad
10.4 sq mi
ZIP Area
284
Density / Sq Mi
$101,250
Median Household Income
$49,970
Median Earnings
$766
Median Rent
$487,400
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?
Triplex - Three-unit layout with a main residence and two renovated carriage-house accommodations near downtown Saugatuck.
Where is this triplex located?
The property is located at 722 Lake Street Saugatuck, MI.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Three‑unit property with a 2,200‑square‑foot main home; Two renovated carriage‑house units: a studio and an upper apartment with full kitchen; Private rooftop deck and original hardwood floors in the main residence
More about this property
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