Advertise
    Melvin, MI
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Property Types
    1
    • Retail
    • Office
    • Residential Income
    • Restaurants
    • Industrial
    • Warehouse
    • Mixed-Use
    • Hospitality
    • Health Care
    • Sports & Entertainment
    • Land
    • Agricultural
    • Parking & Garage
    • Specialty
    Price
    Price
    $
    $

    Melvin, MI Residential Income Properties for Sale

    Notify Me
    List
    Map
    Yale, MI Lynn, MI Peck, MI
    Post Office Building with Two Apartments
    $244,900
    1,885 SF
    Post Office Building with Two Apartments

    1296 Main Street, Melvin, MI 48454

    Mixed-use income property with an active USPS lease and two leased 2-bedroom apartments in Melvin, Michigan.
    • Post office building with rentals in the heart of Melvin, including a USPS tenant and two residential 2‑bedroom apartments
    • USPS lower front unit is leased for $849.75 with a five‑year lease starting last Oct 1; USPS has been a tenant since 1930 (94 years continuous service)
    • Residential apartments: upper unit leased at $625 and lower unit leased at $700; both apartments are 2‑bedroom and on month‑to‑month contracts
    • Common washer‑dryer area, plus an attached garage for lawn implement storage and a storage shed in the spacious back yard overlooking farm fields
    • Major improvements reported by current owner: new roof (back apartment/garage), upgraded main electric panel, new well pump & piping, new double windows, new refrigerators/appliances, new 50‑gal water heater, new commercial‑grade flooring for post office
    Updated: May 6
    View details
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Melvin, 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.

    Duplex Rental with Fenced Lot
    $160,000
    2,208 SF
    Duplex Rental with Fenced Lot

    Two-unit duplex with in-unit kitchens and laundry, separate utility meters, and a partially fenced lot plus 2-car garage.

    1138 W Oregon Street, Lapeer, MI 48446

    View details
    Lapeer Duplex: Investment Opportunity
    $198,000
    1,621 SF
    Lapeer Duplex: Investment Opportunity

    Fully rented duplex in Lapeer, Michigan, great investment opportunity.

    220 W Park Street, Lapeer, MI 48446

    View details
    Lake-Access Double Lot Retreat Land
    $38,000
    0.41 Acres
    Lake-Access Double Lot Retreat Land

    Two connected parcels with lake access to Shay Lake and existing off-grid cabin retreat amenities.

    Silverwood, MI 48760

    View details
    Double Lot with Lake Access
    $39,500
    0.41 Acres
    Double Lot with Lake Access

    Two connected parcels perfect for recreation or short-term rental.

    4250 Midway Dr, Silverwood, MI 48760

    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.

    Vacant Land in Sanilac County
    Contact for pricing
    2.32 Acres
    Vacant Land in Sanilac County

    Corner parcel in rural Sanilac County, suitable for building.

    Wellman Line B Road, Melvin, MI 48454

    View details
    16 Acres Corner Lot in Yale
    $89,000
    16.00 Acres
    16 Acres Corner Lot in Yale

    Versatile 16-acre corner lot ideal for homesite or recreation.

    VL Speaker Road, Yale, MI 48097

    View details
    Farming and Homesite Acreage
    $99,000
    10.00 Acres
    Farming and Homesite Acreage

    Ten acres of currently farmed land, suitable for building or continued agricultural use, subject to township approval.

    o Dudley Road, Lynn, MI 48097

    View details
    Wooded Land Ready For Building
    $59,900
    5.00 Acres
    Wooded Land Ready For Building

    5 acre wooded parcel ready for your dream home!

    Burton Road, Mussey, MI 48014

    View details

    Melvin, MI Residential Income Properties Market Trends and Statistics

    Explore 1 residential income properties for sale in Melvin, MI on our real estate platform. These investment opportunities span a total of 1,885 square feet of properties for sale, with an estimated market value of $244,900.

    Sale prices for residential income properties in Melvin, MI start at $244,900, averaging $244,900, and reaching up to $244,900 — 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

    Multifamily properties 1
    Triplexes 1

    Demographics Overview

    Population 1,251
    Population Growth (5Y) +7.1%
    Median Household Income $62,300
    College Educated 17.3%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    48454 $244.9K

    Taxes & Financing

    Tax Rate (average for all types) 3.23%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Sanilac County

    New Delisted

    Total CRE Inventory on Market (SF)

    Need Help?

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

    Contact Us

    Popular Searches in Melvin, MI

    Most Searched ZIP Codes in Melvin, MI

    • 48454

    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!