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Six-Unit Multifamily Portfolio
For Sale
$339,900

931 Cherry Street, Niles, MI 49120

Multi Family, Niles, MI

Property SizeContact for details
Lot Size0.27 Acres
Days on Market110

Property Features for 931 Cherry Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Full bathrooms 4
Rooms Bathroom 2, Bedroom 7, Bathroom 1, Bedroom 4, Bedroom 8, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 1, Basement
Parking 6
Elementary school district Niles
Middle school district Niles
High school district Niles
Directions Located behind Popeyes Chicken
Standard status Active
APN 11-73-2730-0036-00-7
Lot size 0.27 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description THE S 144' OF THE W 80' OF OUT LOT 36 GREEN & HOFFMANS OUT LOTS CITY OF NILES
Tax Annual Amount 5577
Legal Description THE S 144' OF THE W 80' OF OUT LOT 36 GREEN & HOFFMANS OUT LOTS CITY OF NILES

Utilities

Sewer type Public Sewer
Heating system Forced Air

Building Details

Year built 2002
Number of units 5
Building materials Vinyl Siding
Listing Agency: Bon Realty
Listed By: Elizabeth Van Leeuwen
Added: Jun 19 Changed: Oct 2 Last Checked: Oct 6 at 9:06AM
MLS# 26030653

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 multifamily portfolio includes three properties totaling 6 units, along with a storage garage. The residential improvements include a two-story duplex and a side-by-side duplex, with 8 bedrooms, 4 bathrooms, and basement space identified across the property information. Construction dates to 2002, with vinyl siding, forced-air heating, and public sewer service.

All units are currently occupied, and the properties have an established rental history. The portfolio is located at 931 Cherry Street in Niles, Michigan, on 0.27 acres. Landlord inspections are required by the City of Niles to comply with the applicable city ordinance.

Key Highlights

  • 3 properties totaling 6 units
  • Includes a two‑story duplex, side‑by‑side duplex, and storage garage
  • 8 bedrooms and 4 bathrooms

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Bakery Daycare Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store 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

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

710
Businesses Nearby

Demographics for 49120, MI

37,076
Population
15,581
Households
2.4
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
116.5 sq mi
ZIP Area
318
Density / Sq Mi
$61,940
Median Household Income
$38,779
Median Earnings
$911
Median Rent
$166,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Multifamily property - Occupied rental units span three properties with two duplex configurations and a separate storage garage.
Where is this multifamily property located?
The property is located at 931 Cherry Street Niles, MI.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 3 properties totaling 6 units; Includes a two‑story duplex, side‑by‑side duplex, and storage garage; 8 bedrooms and 4 bathrooms
More about this property
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