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3-Home Triplex with Lake Access
For Sale
$339,000

93402 Lee Street, Dowagiac, MI 49047

Multi Family, Dowagiac, MI

Property SizeContact for details
Lot Size0.28 Acres
Days on Market98

Property Features for 93402 Lee Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Full bathrooms 3
Rooms Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 2
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

Amenities

private deeded lake access
pier
sandy beach
swimming

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: Sep 8 Last Checked: Sep 10 at 5:06AM
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 triplex comprises three separate two-bedroom, one-bathroom homes on a 0.28-acre parcel. Home 1 measures approximately 840 sq ft and includes new siding, a deck, furnace, central air, flooring, replacement windows, a gas hot water heater, and interior paint. Home 2 is approximately 1060 sq ft and is being updated with comparable improvements. Home 3 offers approximately 950 sq ft and was updated approximately 10 years ago. The property is served by septic, has paved or surfaced parking, vinyl siding, composition roofing, and a combination of forced-air and wall-furnace heating.

Residents have private deeded access to Big Crooked Lake nearby, including access to a pier and a sandy swimming area. Overnight boat mooring is not permitted. The property is zoned single-family residential, and long-term or short-term rental use depends on township approval. It is within 2 hours of Chicago and 45 minutes of South Bend and Kzoo.

Key Highlights

  • Three separate 2‑bedroom, 1‑bathroom homes
  • Private deeded access to Big Crooked Lake with nearby pier and sandy swimming area
  • Home 1 is approximately 840 sq ft with extensive updates

Property Analytics

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Current Use

Triplexes

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

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
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 separate two-bedroom homes offer rental-use flexibility subject to township approval and single-family residential zoning.
Where is this triplex 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; Private deeded access to Big Crooked Lake with nearby pier and sandy swimming area; Home 1 is approximately 840 sq ft with extensive updates
More about this property
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