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    Dowagiac, MI
    Residential Income

    Dowagiac, MI Residential Income Properties for Sale

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    Cassopolis, MI Eau Claire, MI Decatur, MI Berrien Center, MI Benton Harbor, MI Edwardsburg, MI Berrien Springs, MI Niles, MI
    Three-Home Multifamily Property
    Updated: Jun 5
    Three-Home Multifamily Property

    93402 Lee Street, Dowagiac, MI 49047

    $339,000
    0.28 AC lot
    Three homes, each with 2 bedrooms and 1 bathroom
    Approximate home sizes of 840 sq ft, 1,060 sq ft, and 950 sq ft
    Private deeded access to Big Crooked Lake with a pier and sandy swimming area
    Home #1 includes new siding, deck, furnace, central air, flooring, windows, water heater, and paint
    Home #2 is being updated with seller flexibility on countertops, siding, and select finishes
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    Spacious Three-Unit Investment Property
    Updated: Jul 22, 2025
    Spacious Three-Unit Investment Property

    423 E Division Street, Dowagiac, MI 49047

    $199,900
    0.38 AC lot
    3‑unit investment property with separate units on the main floor and 2nd floor
    Unit #1: 1‑bedroom on the main floor with approx. 1,235 sq ft living space
    Unit #2: 2‑bedroom on the main floor with separate dining room and approx. 1,409 sq ft
    Unit #3: 1‑bedroom on the 2nd floor with approx. 644 sq ft
    Detached garage provides additional rental income
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    Two Cottages Near Big Crooked Lake
    Two Cottages Near Big Crooked Lake

    66476 Oak Street, Dowagiac, MI 49047

    $99,900
    0.19 AC lot

    Two updated cottages on separate lots near Big Crooked Lake.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Spacious Three-Unit Investment Property
    Spacious Three-Unit Investment Property

    423 E Division St, Dowagiac, MI 49047

    $199,900
    3,288 sqft 0.38 AC lot

    Three units, garage, and large yard investment opportunity.

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    Remodeled Apartments in Downtown Location
    Remodeled Apartments in Downtown Location

    105 Beeson, Dowagiac, MI 49047

    Contact for pricing

    Newly remodeled apartments in downtown Dowagiac, near restaurants and transportation.

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 5 Active listings in Dowagiac, 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.

    Mixed-Use Building with Open Studio
    Mixed-Use Building with Open Studio

    105 N Broadway Street, Cassopolis, MI 49031

    $424,900
    9,064 sqft 0.15 AC lot

    Historic mixed-use building combining commercial/office space, residential apartments, and a large open event/studio area.

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    Side-by-Side Ranch Duplex
    Side-by-Side Ranch Duplex

    6834 E Napier Avenue, Benton Harbor, MI 49022

    $315,000
    0.30 AC lot

    Completely updated duplex with separate entrances, driveways, and garages for comfortable single-level living.

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    Historic Mixed-Use Building
    Historic Mixed-Use Building

    105 N Broadway Street, Cassopolis, MI 49031

    $449,900

    Historic building with combined commercial/office space, residential apartments, and a large open event or studio area.

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    Updated Side-by-Side Ranch Duplex
    Updated Side-by-Side Ranch Duplex

    Benton Harbor, MI 49022

    $315,000

    Completely updated side-by-side duplex with separate entrances, 1-car garages, and two bedrooms per unit.

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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.

    Subdivision Lake-Access Residential Lot
    Subdivision Lake-Access Residential Lot

    5 Forest Road, Dowagiac, MI 49047

    $85,000
    0.66 AC lot

    Build in Wildwood Subdivision with association access to Cable Lake’s no-motor recreation.

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    Waterfront Subdivision Land Parcel
    Waterfront Subdivision Land Parcel

    6 Forest Road, Dowagiac, MI 49047

    $340,000
    2.56 AC lot

    Build-to-suit subdivision land with association access to a no-motor lake for year-round recreation.

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    Residential Lot with Lake Access
    Residential Lot with Lake Access

    2 Forest Road, Dowagiac, MI 49047

    $75,000
    0.50 AC lot

    Build-ready residential lot near Cable Lake with association access to a no-motor lake.

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    Waterfront Residential Building Lot
    Waterfront Residential Building Lot

    3 Forest Road, Dowagiac, MI 49047

    $75,000
    0.50 AC lot

    Waterfront subdivision lot with association access to Cable Lake for a quiet no-motor lifestyle.

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    Dowagiac, MI Residential Income Properties Market Trends and Statistics

    Explore 5 residential income properties for sale in Dowagiac, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 3,288 square feet of properties for sale, with an estimated market value of $838,700.

    Sale prices for residential income properties in Dowagiac, MI start at $99,900, averaging $209,675, and reaching up to $339,000 — 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

    Multifamily properties 6
    Triplexes 2
    Apartment buildings 1
    Duplexes 1
    Short term rental properties 1

    Demographics Overview

    Population 15K
    Population Growth (5Y) -1.3%
    Median Household Income $55,469
    College Educated 28.6%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49047 $158.3K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Total CRE Inventory on Market (SF)

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