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Three-Home Multifamily Property
For Sale
$339,000

93402 Lee Street, Dowagiac, MI 49047

MULTI_FAMILY - Dowagiac, MI

Property Size2,850 SF
Lot Size0.28 Acres
Price / SF$118.95
Days on Market93

Property Features for 93402 Lee Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Full bathrooms 3
Rooms Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 1, Bedroom 4
Parking 6
Parking features Paved or Surfaced
Basement Crawl Space
Subdivision Woodland Beach No. 1
Elementary school district Dowagiac
Middle school district Dowagiac
High school district Dowagiac
Standard status Active
APN 80-12-175-006-00
Lot size 0.28 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 826-B3 4-16 757-895 856-530 1445-508 1760-33 *** LOTS 3-4-5 BLOCK 15 WOODLAND BEACH NO. 1.
Tax Annual Amount 4908
Legal Description 826-B3 4-16 757-895 856-530 1445-508 1760-33 *** LOTS 3-4-5 BLOCK 15 WOODLAND BEACH NO. 1.

Utilities

Utilities Cable Available
Sewer type Septic Tank
Heating system Forced Air, Wall Furnace
Cooling system Wall Unit(s), Central Air
Water front features Lake
Water front 1

Building Details

Year built 1900
Number of units 3
Building materials Vinyl Siding
Roof type Composition
Listing Agency: The Shore Real Estate Group
Listed By: Molly Nate · License #6501341399
Added: Jun 5 Changed: Aug 17 Last Checked: Sep 5 at 8:06AM
MLS# 26027339

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 property includes three separate homes, each configured with two bedrooms and one bathroom. The residences measure approximately 840 square feet, 1,060 square feet, and 950 square feet. The first home has new siding, a deck, furnace, central air, flooring, replacement windows, gas water heater, and interior paint. The second is undergoing comparable improvements, with selected finishes still available for customization. The third was renovated approximately 10 years ago.

Residents have private deeded access to Big Crooked Lake, located just down the road. The access area includes a pier and sandy shoreline suited to swimming; overnight boat mooring is not permitted. The property occupies 0.28 acres, is zoned single-family residential, and has a septic tank, cable availability, paved or surfaced parking, vinyl siding, and a composition roof.

The homes may support long-term or short-term rental use, subject to township approval. The property is approximately 2 hours from Chicago and 45 minutes from South Bend and Kalamazoo.

Key Highlights

  • Three homes, each with 2 bedrooms and 1 bathroom
  • Approximate home sizes of 840 sq ft, 1,060 sq ft, and 950 sq ft
  • Private deeded access to Big Crooked Lake with a pier and sandy swimming area

Property Analytics

Current Use

Multifamily properties

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.

Lease Details

3
Residential units
Multi-tenant
Tenancy

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
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three updated or partially updated homes with deeded lake access and separate rental-use potential subject to township approval.
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 homes, each with 2 bedrooms and 1 bathroom; Approximate home sizes of 840 sq ft, 1,060 sq ft, and 950 sq ft; Private deeded access to Big Crooked Lake with a pier and sandy swimming area
More about this property
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