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Parchment, MI Multifamily Properties for Sale

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Fully Occupied 8-Unit Apartment Building
$500,000
0.30 Acres

Fully Occupied 8-Unit Apartment Building

114 E Thomas St, Parchment, MI 49004

Solid brick, low-maintenance apartment building with strong rental history.

  • Solid brick 8‑unit apartment building
  • Fully occupied with on‑site management, ensuring smooth operations
  • Strong rental history, a testament to its desirability
  • Low‑maintenance design
  • Each unit features 1 bed, 1 bath, and private storage
Updated: Dec 18, 2025
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Parchment Multifamily Investment Opportunity
$1,700,000
0.75 Acres

Parchment Multifamily Investment Opportunity

503 N Riverview Dr, Parchment, MI 49004

24-unit apartment complex in prime location with value-add potential.

  • Prime rental market location with excellent occupancy history and long‑term tenant stability.
  • Strong potential for value‑add by converting up to 19 units into 2‑bedroom units.
  • Currently generating approximately $20,000 in total monthly revenue.
  • 24‑unit complex featuring mostly spacious 1‑bedroom units and a single 2‑bedroom unit.
  • Includes 25 total parking spaces (carport and lot) and two coin laundry rooms.
Updated: Dec 3, 2025
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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Parchment, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

Explore Opportunities in Nearby Cities

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

Kalamazoo Multifamily Property with Updates
$185,000
0.10 Acres

Kalamazoo Multifamily Property with Updates

Unique multifamily or single-family property with recent updates and rental potential.

1620 N Edwards St, Kalamazoo, MI 49007
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Kalamazoo Duplex Investment Opportunity
$265,000
0.20 Acres

Kalamazoo Duplex Investment Opportunity

Well-maintained duplex in prime location with month-to-month leases.

1727-1729 Sunnyside Dr, Kalamazoo, MI 49048
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Galesburg Triplex Investment Opportunity
$224,900

Galesburg Triplex Investment Opportunity

Well-maintained, fully rented triplex in Galesburg with immediate income.

46 Grv St, Galesburg, MI 49053
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Galesburg Triplex Investment Opportunity
$224,900
0.25 Acres

Galesburg Triplex Investment Opportunity

Well-maintained, fully occupied triplex in Galesburg, generating immediate income.

46 Grv St, Galesburg, MI 49053
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Parchment, MI Multifamily Properties Investment Opportunities Market Analysis

Explore 2 multifamily properties for sale in Parchment, MI on our real estate platform. These investment opportunities span a total of 45,738 square feet of properties for sale, with an estimated market value of $2,200,000.

Prices for multifamily properties in Parchment, MI start at $500,000, averaging $1,100,000, and reaching up to $1,700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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