Advertise
    Shepherd, MI
    Multifamily

    Shepherd, MI Multifamily Properties for Sale

    Notify Me
    List
    Map
    Mt Pleasant, MI Alma, MI Saint Louis, MI Riverdale, MI Elwell, MI Midland, MI Breckenridge, MI Elm Hall, MI
    Historic Quadplex with Parking
    Updated: Apr 29
    Historic Quadplex with Parking

    323 W Wright Avenue, Shepherd, MI 48883

    $489,000
    5,000 sqft 0.68 AC lot
    5,000 finished square feet on a 0.68‑acre lot
    Previously configured as four apartment units: two upper and two lower
    Built in 1850 with Colonial architecture and frame construction
    Full basement, hardwood floors, laundry hookups, and storage space
    Large parking area with open side yard, landscaped areas, sidewalks, and covered porch
    View details
    Two-Home Duplex Property
    Updated: Jul 27
    Two-Home Duplex Property

    3988 W Isabella Road, Shepherd, MI 48883

    $180,000
    1,800 sqft 3.11 AC lot
    Two separate homes on 3.11 acres
    Reported property size of 1,800 square feet
    One home includes a two‑car garage and storm shelter
    Second home includes a carport
    Both residences have fenced yards and decks
    View details
    Historic Mixed-Use Building
    Historic Mixed-Use Building

    323 W Wright Avenue, Shepherd, MI 48883

    $489,000
    5,200 sqft 0.68 AC lot

    Retail space, furnished short-term rentals, finished lower level, and parking support multiple commercial configurations.

    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Two-Home Multifamily Property
    Two-Home Multifamily Property

    Shepherd, MI 48883

    $180,000
    990 sqft

    Two residences share a well and include fenced yards, varied covered parking, and a storm shelter.

    View details
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 4 Active listings in Shepherd, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

    7-Unit Apartment Building
    7-Unit Apartment Building

    3467 S Summerton Road, Mt Pleasant, MI 48858

    $499,900
    5,600 sqft 1.50 AC lot

    Updated kitchens, bathrooms, flooring, and neutral finishes serve a balanced apartment unit mix.

    View details
    Updated 7-Unit Apartment Building
    Updated 7-Unit Apartment Building

    3477-3467 S Summerton Rd, Mt Pleasant, MI 48858

    $499,900
    5,600 sqft

    Apartments feature updated kitchens, neutral finishes, and contemporary bathrooms.

    View details
    7-Unit Apartment Building
    7-Unit Apartment Building

    3467 S Summerton Rd, Mount Pleasant, MI 48858

    $499,900
    900 sqft

    Updated apartments offer a balanced mix of one- and two-bedroom floor plans with contemporary interior finishes.

    View details
    Two Duplex Multifamily Property
    Two Duplex Multifamily Property

    3481-3489 S Summerton Road, Mount Pleasant, MI 48858

    $309,900

    Four occupied units in two duplexes, with recent roof, flooring, and interior paint updates.

    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.

    Residential Land in Riverdale
    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.

    View details

    Shepherd, MI Multifamily Properties Market Trends and Statistics

    Explore 4 multifamily properties for sale in Shepherd, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 12,990 square feet of properties for sale, with an estimated market value of $1,338,000.

    Sale prices for multifamily properties in Shepherd, MI start at $180,000, averaging $334,500, and reaching up to $489,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 1
    Quadplexes 1
    Short term rental properties 1

    Demographics Overview

    Population 6,755
    Population Growth (5Y) -2.3%
    Median Household Income $66,364
    College Educated 26.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    48883 $334.5K

    Taxes & Financing

    Tax Rate (average for all types) 4.58%
    Property Tax per SF $89.48 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Isabella County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

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

    Office

    Residential Income

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Browse Multifamily properties for Sale Near Shepherd, MI

    Popular Searches in Shepherd, MI

    Popular Categories

    Most Searched ZIP Codes in Shepherd, MI

    • 48883

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!