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    Hanover, MI Multifamily Properties for Sale

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    Horton, MI Jackson, MI Jonesville, MI
    Multifamily Portfolio with Duplex Buildings
    $1,500,000
    13.00 Acres
    Multifamily Portfolio with Duplex Buildings

    315 S Jackson Street, Hanover, MI 49241

    Twelve leased units across five duplex buildings and two single-family homes on approximately 13 acres.
    • Multifamily portfolio with 12 income‑producing units in the Village of Hanover
    • Built in 1964; includes five duplex buildings and two single‑family homes
    • All units currently leased for full occupancy
    • Approximately 13 acres of land across 6 parcels (parcel IDs listed in remarks)
    • Utilities include well water and septic tank sewer; driveway parking available
    Updated: Mar 15
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    Multifamily Investment Opportunity in Hanover
    $1,500,000
    13.00 Acres
    Multifamily Investment Opportunity in Hanover

    315 S Jackson St 315, Hanover, MI 49241

    12-unit multifamily property on 13 acres in Hanover, MI.
    • 12 income‑producing units with 100% occupancy ensuring stable income.
    • Approximately 13 acres of land included, offering future development potential.
    • Significant recent improvements reduce future capital expenses.
    • Diverse unit mix consisting of five duplex buildings and two single‑family homes.
    • Located in the Village of Hanover.
    Updated: Mar 23
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Hanover, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Small Multifamily Apartment Building
    $699,000
    9,516 SF
    Small Multifamily Apartment Building

    For sale multifamily building in Concord offering income-ready unit capacity on a compact lot.

    190 Maple Street, Concord, MI 49237

    View details
    Duplex With Detached 2-Car Garage
    $199,900
    0.53 Acres
    Duplex With Detached 2-Car Garage

    Two occupied 1-bedroom units with a detached 2-car garage and outdoor storage on a sizable yard.

    5325 Spring Arbor Road, Jackson, MI 49203

    View details
    Two to Four Unit Multifamily
    $199,900
    0.53 Acres
    Two to Four Unit Multifamily

    For sale multifamily property in Jackson, MI on a 0.53-acre lot, suited to small-scale residential income strategies.

    5325 Spring Arbor Road, Jackson, MI 49203

    View details
    Seven-Unit Multifamily Property
    $699,000
    0.48 Acres
    Seven-Unit Multifamily Property

    Seven-unit income property with separate meters, basement storage, and a one-car garage for each unit.

    190 Maple Street, Concord, MI 49237

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Expansive Land with Development Potential
    $6,900,000
    354.27 Acres
    Expansive Land with Development Potential

    350+ acres of prime land with two scenic lakes.

    VL N Fleming Road, Fowlerville, MI 48836

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    Residential Land in Riverdale
    Contact for pricing
    0.67 Acres
    Residential Land in Riverdale

    Vacant residential land suitable for building or mobile home placement.

    TBD N Lumberjack Road, Riverdale, MI 48877

    View details
    Sanford Vacant Land with Utilities
    Contact for pricing
    0.80 Acres
    Sanford Vacant Land with Utilities

    Two lots with water and electric hookups, lake access.

    978 timberlynn trail, Sanford, MI 48657

    View details
    Recreational Camping Lot in Association
    $44,000
    0.75 Acres
    Recreational Camping Lot in Association

    0.75-acre lot with electric hookups and septic connections in a private, gated recreational association.

    4537 Pine Run, Farwell, MI 48622

    View details

    Hanover, MI Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Hanover, MI on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $3,000,000.

    Sale prices for multifamily properties in Hanover, MI start at $1,500,000, averaging $1,500,000, and reaching up to $1,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 2

    Demographics Overview

    Population 2,086
    Population Growth (5Y) -16.1%
    Median Household Income $81,471
    College Educated 33.9%

    High-Yield Neighborhoods for Investment

    Identify Hanover submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49241 $1.5M

    Taxes & Financing

    Tax Rate (average for all types) 3.33%
    Property Tax per SF $78.65 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Jackson County

    New Delisted

    Total CRE Inventory on Market (SF)

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