Marshall, MI Multifamily Properties for Sale

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Updated: Jul 13

Corner Mixed-Use Retail & Apartments

202 W Michigan Avenue, Marshall, MI 49068

$424,900

4,560 sqft 0.07 AC lot

Brick corner mixed‑use building with retail/commercial space and two upstairs apartments
Two residential units: one‑bedroom and two‑bedroom (income‑producing apartments)
Roof material: rubber; heating is forced air; cooling includes window unit(s)
Interior includes broadband and cable available
Includes a basement and three bathrooms (Bathroom 1, Bathroom 2, Bathroom 3)

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This listing looks promising.

Here's a quick look at some key insights for

202 W Michigan Avenue, Marshall, MI 49068

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Est. Cap Rate

8.2%
Above avg (5.9%)
Est. NOI

$35K
Annual
Price @ 7% Cap

$495K
Above asking
Property Type

Commercial (General)
Built 1900

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Updated: Jun 10

Historic Corner Income Building with 15-Foot Ceilings

227 E Michigan Avenue, Marshall, MI 49068

$585,000

3,701 sqft 0.07 AC lot

Historic downtown Marshall corner building built in 1865 with restored showroom, period crown molding and woodwork, and 15‑foot ceilings
Bank building features a marble fireplace, five display windows (three 8‑ft and two 7‑ft), and a lockable walk‑in vault
Income setup includes an active transferable 5‑Star Superhost AirBnB on the 2nd floor plus a separate 1‑bedroom loft unit with private owner's passageway
Unit conveniences include washer, dryer, and housekeeping storage; each unit has its own private staircase and entry
1st‑floor systems updated with a new boiler added in 2025 and a mini split heat & AC unit; utilities include cable available and broadband

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Turnkey Duplex with Off-Street Parking

634 W Green Street, Marshall, MI 49068

$169,900

0.13 AC lot

Turnkey duplex in Marshall offering off-street parking and 2024 mechanical upgrades including two furnaces and two water heaters.

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Mixed-Use Corner Retail Building

W 202 W Michigan Avenue Unit SourceFi, Marshall, MI 49068

$424,900

4,560 sqft

Corner building with street-level retail space and two upstairs residential apartments.

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Duplex with Attached Greenhouse

117 Lincoln Street, Marshall, MI 49068

$275,000

0.57 AC lot

Duplex offers two 2-bedroom, 1-bath units, with one featuring an attached greenhouse and a spacious backyard.

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Downtown Mixed-Use Building

103 E Michigan, Marshall, MI 49068

$450,000

5,491 sqft 0.11 AC lot

Mixed-use building with main-floor retail/office space and two residential 2-bedroom units above.

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Updated Duplex with Heated Sunroom

334 N Grand Street, Marshall, MI 49068

$314,900

0.23 AC lot

Updated duplex with separate utilities and a main-level heated sunroom, offering owner-occupant flexibility and income potential.

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Historic Corner Mixed-Use Building

227 E Michigan Avenue, Marshall, MI 49068

Contact for pricing

3,701 sqft

Restored 1865 bank-turned building with transferable short-term rental and loft apartment, plus private outdoor space and parking.

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Corner Mixed-Use Retail Building

202 W Michigan Avenue, Marshall, MI 49068

$424,900

Street-level retail space in a corner building with two upstairs apartments, including one- and two-bedroom units.

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Turnkey Marshall Duplex Opportunity

634 W Green St, Marshall, MI 49068

$169,900

Fully occupied duplex in Marshall generating $1,900/month total rental income with 2024 furnace and water-heater replacements.

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Duplex with Attached Greenhouse

117 Lincoln St, Marshall, MI 49068

$300,000

Duplex offers two 2-bedroom, 1-bath units, with one featuring an attached greenhouse and a spacious backyard.

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Updated Duplex with Heated Sunroom

334 N Grand St, Marshall, MI 49068

$314,900

Updated two-unit duplex offers separate utilities and flexible living options with a main-level heated sunroom.

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Well-Maintained Fourplex in Prime Location

222 N Eagle St, Marshall, MI 49068

$349,500

Four-unit property with updated kitchens and renovated baths.

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Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 13 Active listings in Marshall, 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.

Olivet Fourplex on One Acre

18864 W Baseline Road, Olivet, MI 49076

$319,900

1.00 AC lot

Well-maintained fourplex near Olivet University with income potential.

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Fourplex with Two-Bedroom Mix

Olivet, MI 49076

$319,900

1.00 AC lot

Well-maintained fourplex offering three 2-bedroom and one 1-bedroom units with in-unit appliances and shared laundry.

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Four-Unit Apartment Fixer-Upper

212 W Porter St, Albion, MI 49224

$50,000

Four-unit income property with newer roof and vinyl siding, with individual gas and electric meters for each unit.

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Albion Multi-Family Investment Opportunity

717 N Eaton Street, Albion, MI 49224

$54,900

0.14 AC lot

Two-unit home in Albion, Michigan, with renovation potential.

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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

VL N Fleming Road, Fowlerville, MI 48836

$6,900,000

354.27 AC lot

350+ acres of prime land with two scenic lakes.

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Residential Land in Riverdale

N Lumberjack Road, Riverdale, MI 48877

Contact for pricing

0.67 AC lot

Vacant residential land suitable for building or mobile home placement.

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Sanford Vacant Land with Utilities

978 timberlynn trail, Sanford, MI 48657

Contact for pricing

0.80 AC lot

Two lots with water and electric hookups, lake access.

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Private Campground Lot with Hookups

4537 Pine Run, Farwell, MI 48622

$41,500

0.75 AC lot

Residentially zoned camping lot with three 30-amp electric hookups and septic connections, already prepped with pads.

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Marshall, MI Multifamily Properties Market Trends and Statistics

Explore 13 multifamily properties for sale in Marshall, MI, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 22,013 square feet of properties for sale, with an estimated market value of $4,203,800.

Sale prices for multifamily properties in Marshall, MI start at $169,900, averaging $350,316, and reaching up to $585,000 — 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

Demographics Overview

Population 15K

Population Growth (5Y) +1.0%

Median Household Income $78,476

College Educated 25.5%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
49068	$399.9K

Taxes & Financing

Tax Rate (average for all types) 4.83%

Property Tax per SF $90.14 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Calhoun County

New Delisted

Total CRE Inventory on Market (SF)

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