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New Buffalo, MI Multifamily Properties for Sale

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New Buffalo Triplex Opportunity
Updated: Apr 28
New Buffalo Triplex Opportunity

121 E Michigan Street, New Buffalo, MI 49117

$590,000
0.14 AC lot
Triplex with three units, each with private entrances and separate electric and water services
All units are currently leased month‑to‑month
First unit: 3 bedrooms, 1.5 baths, four‑season room, private backyard, and side circle parking
Second unit: 1 bedroom, 1 bath, updated electrical, and an unfinished basement with a second full bath
Third unit: 1 bedroom, 1 bath on the main level with finished lower level plus an additional bedroom, bath, and separate entrance
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New Buffalo Triplex Investment Opportunity
Updated: May 9
New Buffalo Triplex Investment Opportunity

121 E Michigan St, New Buffalo, MI 49117

$590,000
Income‑producing triplex with tenant‑paid utilities.
All units currently leased, providing immediate income.
Opportunity to increase income by adjusting rents to market rates.
Unit 1 lives like a single‑family home featuring 3 bedrooms, 1.5 baths, a four‑season room, and a private backyard.
Unit 2 has updated electrical and an unfinished basement with potential.
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See what stands out in Berrien County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in New Buffalo, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Mixed-Use Property with Retail and Residence
Mixed-Use Property with Retail and Residence

208 S Elm Street, Three Oaks, MI 49128

$1,975,000
16,474 sqft 1.54 AC lot

Combined retail, residential, and storage improvements with additional land along US-12 in Three Oaks.

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MU2 Mixed-Use Live-Work Property
MU2 Mixed-Use Live-Work Property

2 E Ash Street E, Three Oaks, MI 49128

$549,000
3,755 sqft 0.30 AC lot

Brick bungalow with a photography studio, remodeled kitchen, basement workspace, and adaptable commercial layout.

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The Townie Cottages Collection
The Townie Cottages Collection

Union Pier, MI 49129

$3,895,000
2,744 sqft

Exclusive lake town retreat near Townline Public Beach and Gordon Association Beach.

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Four-Cottage Short-Term Rental Compound
Four-Cottage Short-Term Rental Compound

10222 Town Line Road, Union Pier, MI 49129

$3,895,000
0.46 AC lot

Four furnished cottages offer shared outdoor amenities, beach access, and flexible personal or guest use in a lakeside community.

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New Buffalo, MI Multifamily Properties Market Trends and Statistics

Explore 2 multifamily properties for sale in New Buffalo, MI on our real estate platform.

Sale prices for multifamily properties in New Buffalo, MI average $590,000 — 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

Triplexes 3

Demographics Overview

Population 3,512
Population Growth (5Y) -2.6%
Median Household Income $75,268
College Educated 69.8%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
49117 $590K

Taxes & Financing

Tax Rate (average for all types) 2.59%
Property Tax per SF $65.22 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Berrien County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Berrien County

Retail

Property Size Breakdown

The majority of commercial real estate listings in New Buffalo fall within the 50,000 to 100,000 square foot range.

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