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    Niles, MI
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    Niles, MI Multifamily Properties for Sale

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    11 properties
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    Downtown Mixed-Use Retail Building
    Updated: May 21
    Downtown Mixed-Use Retail Building

    105 E Main Street, Niles, MI 49120

    $695,000
    7,920 sqft 0.05 AC lot
    Approx. 7,920 sq. ft. downtown Niles commercial building with main floor retail, basement, two studio short‑term rental units, and a 1,980 sq. ft. top‑floor loft
    Top floor loft: approx. 1,980 sq. ft. with 3 bedrooms and 2 bathrooms
    Second floor includes two studio rental units plus common area laundry
    Main level features open layout with storefront exposure and large display windows
    Basement offers storage/workspace/inventory or future expansion potential
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    Multifamily Property with Detached Garage
    Updated: Aug 3
    Multifamily Property with Detached Garage

    2004 E Main Street, Niles, MI 49120

    $330,000
    4.07 AC lot
    4.07‑acre multifamily property at 2004 E Main Street, Niles, MI 49120
    Single‑family home and mobile home leased to long‑term tenants
    Oversized detached garage, two carports, trailer/RV carport, and two storage sheds
    Additional pad for another mobile home
    Six bedrooms and four bathrooms across the listed rooms
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    Multi-Family Residential Income Portfolio
    Multi-Family Residential Income Portfolio

    931 Cherry Street, Niles, MI 49120

    $339,900
    0.27 AC lot

    Package includes three rental properties totaling six units with a storage garage and city-required landlord inspections.

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    Mixed-Use Property with Development Potential
    Mixed-Use Property with Development Potential

    2394 Yankee, Niles, MI 49120

    $300,000
    1.50 AC lot

    Nearly 1.5-acre mixed-use property with existing rentals and development potential.

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    Victorian Duplex with Separate Entries
    Victorian Duplex with Separate Entries

    23 N 5th Street, Niles, MI 49120

    $254,900
    0.16 AC lot

    Two residences provide matching three-bedroom, two-bath layouts with individual mechanical systems and recent updates.

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    Multifamily Property with Cabins
    Multifamily Property with Cabins

    2394 Yankee Street, Niles, MI 49120

    $300,000
    1.45 AC lot

    The property includes a leased house, manufactured duplexes, and cabins under C-1 mixed-use zoning.

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    Downtown Mixed-Use Building
    Downtown Mixed-Use Building

    105 E Main St, Niles, MI 49120

    $725,000

    Mixed-use property with main-floor retail, basement space, two studio short-term rentals, and a top-floor loft.

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    Multi-Unit Residential Income Portfolio
    Multi-Unit Residential Income Portfolio

    931 Cherry St, Niles, MI 49120

    $339,900

    Three-property package offering six occupied units with documented rental history under city landlord inspection requirements.

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    Duplex With Two Separate Units
    Duplex With Two Separate Units

    23 N 5th St, Niles, MI 49120

    $254,900

    Two spacious units with updated mechanicals and laundry hookups offer a straightforward residential income setup.

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    Spansail Court Apartments
    Spansail Court Apartments

    2209 Spansail Dr, Niles, MI 49120

    Contact for pricing
    39,225 sqft 2.61 AC lot

    48-unit multifamily community in Niles, Michigan.

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    Apartment Building with Capital Improvements
    Apartment Building with Capital Improvements

    1731 Oak St, Niles, MI 49120

    Contact for pricing

    River Oaks Apartments in Niles, MI includes 59 well-maintained units with recent upgrades and added in-building laundry.

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 11 Active listings in Niles, 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.

    Duplex with New Roof
    Duplex with New Roof

    420 Fisher St, Berrien Springs, MI 49103

    $285,000
    1,771 sqft

    Fully occupied duplex with water heaters installed in 2023 and a roof replacement completed in 2022.

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    Two-Unit Duplex Investment
    Two-Unit Duplex Investment

    420 Fisher Street, Berrien Springs, MI 49103

    $285,000
    0.19 AC lot

    Fully occupied duplex in Berrien Springs with two-bedroom, one-bath units and recent roof and water heater replacements.

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    Two-Unit Duplex with Fenced Yard
    Two-Unit Duplex with Fenced Yard

    920 Merrill Court South, South Bend, IN 46637

    $239,900
    2,526 sqft

    Both residences offer central air, forced-air heating, and flexible owner-occupant or rental use.

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    High-Visibility Commercial Land Available
    High-Visibility Commercial Land Available

    21189 Cleveland Rd, South Bend, IN 46628

    Contact for pricing

    Land with high traffic, near shopping, dining, and toll road.

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    Niles, MI Multifamily Properties Market Trends and Statistics

    Explore 11 multifamily properties for sale in Niles, MI, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 47,145 square feet of properties for sale, with an estimated market value of $3,539,600.

    Sale prices for multifamily properties in Niles, MI start at $254,900, averaging $393,288, and reaching up to $725,000 — 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

    Duplexes 4
    Short term rental properties 3
    Apartment buildings 2
    Triplexes 1

    Demographics Overview

    Population 37K
    Population Growth (5Y) +0.4%
    Median Household Income $61,940
    College Educated 14.5%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49120 $393.4K

    Taxes & Financing

    Tax Rate (average for all types) 3.49%
    Property Tax per SF $64.97 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)

    Property Size Breakdown

    The majority of commercial real estate listings in Niles fall within the 25,000 to 50,000 square foot range.

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