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Three-Home Multifamily Property
For Sale
$339,000

93402 Lee Street, Dowagiac, MI 49047

Three residences offer rental flexibility with private deeded access to Big Crooked Lake.

Property Size950 SF
Price / SF$356.84
Days on Market171

Property Features for 93402 Lee Street

General Information

Standard status Active
Size 950 SF
Property subtype Residential Income / Multi Family

Taxes and HOA fees

Annual Taxes $4,908

Amenities

Central Air, Wall Unit(s)
Forced Air, Natural Gas
false
Yes
No

Building Details

Year Built 1900
Listing Agency: Cressy & Everett Real Estate
Listed By: Christopher Radics · License #6501343399
Source: Compass
Added: Mar 17 Changed: Sep 2 Last Checked: Sep 2 at 11:28PM

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 Cressy & Everett Real Estate

Investment Insights

Based on property information with market context.

This multifamily property includes three separate two-bedroom, one-bathroom homes. The residences measure approximately 840, 1,060, and 950 square feet. The first home has been extensively refreshed with new siding, a deck, furnace, central air, flooring, replacement windows, a gas water heater, and interior paint. Improvements are underway at the second home, with some finish selections still available. The third residence was renovated approximately 10 years ago.

Private deeded access to Big Crooked Lake is located down the road and includes a pier and sandy shoreline. Overnight boat mooring is not permitted. The homes are zoned single-family residential, and use as long-term or short-term rentals is subject to township approval. The property is approximately 2 hours from Chicago and 45 minutes from South Bend and Kalamazoo.

Key Highlights

  • Three separate 2‑bedroom, 1‑bathroom homes
  • Approximately 840, 1,060, and 950 square feet across the residences
  • Private deeded access to Big Crooked Lake with a pier and sandy shoreline

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Auto Repair Shop HVAC Service Grocery & Convenience Store Garden Center Pharmacy Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

25
Businesses Nearby

Demographics for 49047, MI

14,541
Population
8,205
Households
1.8
Avg Household Size
41
Median Age
21%
College-Educated
89%
High-School Grad
119.3 sq mi
ZIP Area
122
Density / Sq Mi
$55,469
Median Household Income
$38,033
Median Earnings
$750
Median Rent
$182,000
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?
Multifamily property - Three residences offer rental flexibility with private deeded access to Big Crooked Lake.
Where is this multifamily property located?
The property is located at 93402 Lee Street Dowagiac, MI.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Three separate 2‑bedroom, 1‑bathroom homes; Approximately 840, 1,060, and 950 square feet across the residences; Private deeded access to Big Crooked Lake with a pier and sandy shoreline
More about this property
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