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    Shepherd, MI
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    Shepherd, MI Multifamily Properties for Sale

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    Mt Pleasant, MI Saint Louis, MI Alma, MI Riverdale, MI Elwell, MI Winn, MI Breckenridge, MI Midland, MI
    Duplex with Shared Well
    Updated: Jul 27
    Duplex with Shared Well

    3988 W Isabella Road, Shepherd, MI 48883

    $180,000
    1,800 sqft 3.11 AC lot
    Two‑home duplex on 3.11 acres in Shepherd, MI
    1,800 square feet interior space (per listing)
    Both homes share a well and are on the same parcel
    One home has a two‑car garage plus storm shelter
    Other home has a carport; both have fenced yards
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    Historic Quadplex with Covered Porch
    Updated: Apr 29
    Historic Quadplex with Covered Porch

    323 W Wright Avenue, Shepherd, MI 48883

    $489,000
    5,000 sqft 0.68 AC lot
    Built in 1850 historic colonial quadplex with frame construction and metal roof
    Previously configured as four separate apartment units, two upper and two lower
    Full basement plus interior features including hardwood floors, laundry hook‑up, and storage space
    0.68‑acre lot with open side yard and landscaped grounds
    Large parking area plus covered porch and sidewalk access
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    Historic Mixed-Use Building
    Historic Mixed-Use Building

    323 W Wright Avenue, Shepherd, MI 48883

    $489,000
    5,200 sqft 0.68 AC lot

    For sale with operating retail and furnished short-term rentals plus parking and a vacant side lot.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Shepherd, 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.

    7-Unit Apartment Building
    7-Unit Apartment Building

    3467 S Summerton Road, Mt Pleasant, MI 48858

    $524,900
    5,600 sqft 1.50 AC lot

    Well-maintained 7-unit apartment building on 1.5 acres with a four two-bedroom and three one-bedroom unit mix.

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    Ranch Duplex Condo with Attached Two-Car Garage
    Ranch Duplex Condo with Attached Two-Car Garage

    1001 Sweeney Street, Mt Pleasant, MI 48858

    $225,000
    1,192 sqft

    One-level ranch duplex condo with two bedrooms, two baths, and an attached two-car garage plus a three-season room.

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    15-Unit Multifamily Apartment Building
    15-Unit Multifamily Apartment Building

    1019 E Broadway St, Mount Pleasant, MI 48858

    $969,900

    15-unit apartment building with established operations and access to CMU, entertainment, and US Highway 127.

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    Two Duplex Multifamily Property
    Two Duplex Multifamily Property

    Mount Pleasant, MI 48858

    $319,900

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

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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.

    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.

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    Sanford Vacant Land with Utilities
    Sanford Vacant Land with Utilities

    978 timberlynn trail Road, Sanford, MI 48657

    Contact for pricing
    0.80 AC lot

    Two lots with water and electric hookups, lake access.

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    Private Camping Lot with Electrical Hookups
    Private Camping Lot with Electrical Hookups

    4537 Pine Run Road, Farwell, MI 48622

    $41,500
    0.75 AC lot

    Recreation lot in a private gated association with multiple 30 AMP electrical and septic hookups for camper-ready use.

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    Recreation Land with Boat Slip
    Recreation Land with Boat Slip

    831 S Main Street, Au Gres, MI 48703

    Contact for pricing
    0.01 AC lot

    Seasonal recreational setup with a trailer addition, private patio, and access to shared community amenities.

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    Shepherd, MI Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Shepherd, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 12,000 square feet of properties for sale, with an estimated market value of $1,158,000.

    Sale prices for multifamily properties in Shepherd, MI start at $180,000, averaging $386,000, 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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 2
    Duplexes 1
    Quadplexes 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 $386K

    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

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