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    Melvin, MI
    Residential Income

    Melvin, MI Residential Income Properties for Sale

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    Brockway, MI Brown City, MI Yale, MI Lynn, MI Peck, MI Croswell, MI Greenwood, MI Emmett, MI
    Triplex with Post Office Lease
    Updated: May 6
    Triplex with Post Office Lease

    1296 Main Street, Melvin, MI 48454

    $244,900
    1,885 sqft 0.55 AC lot
    Leased US Post Office unit with a five‑year lease that began last Oct 1
    Two 2‑bedroom apartments on month‑to‑month contracts
    0.55‑acre lot with attached garage and storage shed
    Built in 1900
    Common area includes washer‑dryer
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    This listing looks promising.

    Here's a quick look at some key insights for

    1296 Main Street, Melvin, MI 48454

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    • Est. Cap Rate

      4.2%
      NOI ÷ price

    • Est. NOI

      $10K
      Annual

    • Price @ 7% Cap

      $148K
      Suggested
    View Property Analytics
    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.

    Live-Work Property with Barn
    Live-Work Property with Barn

    5699 Main Street, Lexington, MI 48450

    $369,900
    1,340 sqft 0.56 AC lot

    Includes a 3-bedroom, 1-bath home and a large barn on a 0.56-acre village lot.

    View details
    Brick Multifamily with Carport
    Brick Multifamily with Carport

    2736 Golf Course Drive, Marlette, MI 48453

    $839,000
    9,000 sqft 1.47 AC lot

    Ten-unit residential income property built in 1964, consisting of one brick building plus a carport.

    View details
    Ten-Unit Multifamily Property
    Ten-Unit Multifamily Property

    2736 Golf Course Dr, Marlette, MI 48453

    $839,000
    1.47 AC lot

    Ten-unit multifamily property near Marlette Golf Course.

    View details
    Lakeview Condo in Lexington Village
    Lakeview Condo in Lexington Village

    5749 Main #29, Lexington, MI 48450

    $260,000
    1,058 sqft

    Main-floor condo with lake views, private beach, and village access.

    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.

    Farming and Homesite Acreage
    Farming and Homesite Acreage

    o Dudley Road, Lynn, MI 48097

    $99,000
    10.00 AC lot

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

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    Wooded Land Ready For Building
    Wooded Land Ready For Building

    Burton Road, Mussey, MI 48014

    $59,900
    5.00 AC lot

    5 acre wooded parcel ready for your dream home!

    View details
    Residential Recreational Land Parcel
    Residential Recreational Land Parcel

    Nettney Road, Capac, MI 48014

    $185,000
    20.86 AC lot

    Residentially zoned 20.86-acre parcel in Capac, positioned for hunting and recreational use.

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    Residential Land in Capac, MI
    Residential Land in Capac, MI

    W Park (Lot 8) Street, Capac, MI 48014

    Contact for pricing
    0.38 AC lot

    Vacant land in Capac, MI with utilities available.

    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 average $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.

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    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)

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