Shaker House Apartments For
For Sale
$3,499,999
Pending
757 W Shepherd Street, Charlotte, MI 48813
MULTI_FAMILY - Charlotte, MI
Property SizeContact for details
Lot Size1.50 Acres
Days on Market327
Property Features for 757 W Shepherd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 5, Bedroom 2, Basement, Bathroom 1, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 6, Bedroom 3, Bathroom 4, Bedroom 1
Parking
46
Elementary school district
Charlotte
Middle school district
Charlotte
High school district
Charlotte
Directions
From I-69, head West on Shepherd St. Complex is located at the corner of Mikesell and Shepherd.
Subdivision
Eaton County - E
Standard status
Pending
APN
200-024-100-020-00
Lot size
1.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 290 FEET OF W 1/2 OF E 1/2 OF NW 1/4 EXCEPT EASEMENT OVER N 33 FEET & W 33 FEET FOR STREET. SEC.24, T2N,R5W, CITY OF CHARLOTTE
Tax Annual Amount
64314
Legal Description
N 290 FEET OF W 1/2 OF E 1/2 OF NW 1/4 EXCEPT EASEMENT OVER N 33 FEET & W 33 FEET FOR STREET. SEC.24, T2N,R5W, CITY OF CHARLOTTE
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall Unit(s)
Building Details
Year built
1968
Number of units
46
Building materials
Brick
Listing Agency:
MOXIE Real Estate + Development
(616) 890-7794
Listed By:
Shawn Jacobs · License #6501370018
(616) 341-7699
Added: Sep 29, 2025
Changed: Aug 3
Last Checked: Aug 21 at 1:06AM
MLS# 25056177
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.
Shaker House Apartments, a 46-unit apartment building, is available for sale. The property features a unit mix that includes 4 studio apartments of approximately 400 square feet, 38 two-bedroom units averaging 1,000 square feet, and 4 three-bedroom, 1.5-bath units. The property has been well maintained and is currently operating at 96% physical occupancy, having consistently maintained high occupancy levels over the years. Current rents remain below market, providing significant upside potential for new ownership. The property has demonstrated strong historical performance. Shaker House presents a stable investment opportunity in the growing Charlotte market, ideal for an investor seeking value-add potential and long-term growth. The property is located at 757 W Shepherd Street, Charlotte, MI 48813, in Eaton County, with a lot size of 1.5 acres.
Key Highlights
- 46‑unit apartment building with a unit mix of 4 studios (~400 SF), 38 two‑bedroom units (~1,000 SF), and 4 three‑bedroom 1.5‑bath units
- Currently operating at 96% physical occupancy, with consistently high occupancy levels over the years
- Current rents remain below market, offering potential upside for new ownership
Property Analytics
Property Profile
Current Use
Lease Details
46
Residential units
96%
Occupancy
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 48813, MI
21,068
Population
8,174
Households
2.6
Avg Household Size
42
Median Age
19%
College-Educated
93%
High-School Grad
168.1 sq mi
ZIP Area
125
Density / Sq Mi
$77,431
Median Household Income
$41,723
Median Earnings
$870
Median Rent
$178,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 46-unit apartment building in Charlotte, MI with value-add potential.
Where is this apartment building located?
The property is located at 757 W Shepherd Street Charlotte, MI.
What is the asking price?
The asking price for this property is $3,499,999.
What are key features of this property?
This property features: 46‑unit apartment building with a unit mix of 4 studios (~400 SF), 38 two‑bedroom units (~1,000 SF), and 4 three‑bedroom 1.5‑bath units; Currently operating at 96% physical occupancy, with consistently high occupancy levels over the years; Current rents remain below market, offering potential upside for new ownership
