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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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    Spacious Three-Unit Investment Property
    Updated: Mar 10
    Spacious Three-Unit Investment Property

    423 E Division St, Dowagiac, MI 49047

    $199,900
    3,288 sqft 0.38 AC lot
    Three separate units offer diverse rental income streams.
    Detached garage provides potential for additional rental income.
    Unit #B is a spacious 2‑bedroom apartment with a separate dining room and large kitchen.
    Unit #1 is a large 1‑bedroom apartment with approximately 1235 sq ft.
    Large yard offers outdoor space.
    View details
    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 6 Potential Opportunities for your consideration. Besides 2 Active listings in Dowagiac, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Renovated Triplex
    Renovated Triplex

    616 N Michigan Street, Elkhart, IN 46514

    $198,900
    1,502 sqft 0.20 AC lot

    Three-unit rental property with a basement, laminate flooring, and off-street parking.

    View details
    Renovated Triplex with New Furnace
    Renovated Triplex with New Furnace

    616 N Michigan Street, Elkhart, IN 46514

    $198,900
    1,502 sqft

    Three-unit rental property with renovations completed before tenant occupancy and a new furnace installed this year.

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    Triplex With Off-Street Parking
    Triplex With Off-Street Parking

    St Joseph, MI 49085

    $289,900
    0.15 AC lot

    Three-unit residential property with varied unit layouts and convenient access to downtown St. Joseph amenities.

    View details
    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    St Joseph, MI 49085

    $299,900

    Income-producing residential asset near Lake Michigan in St. Joseph.

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    Dowagiac, MI Triplexes Market Trends and Statistics

    Explore 2 triplexes for sale in Dowagiac, MI 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 $399,800.

    Sale prices for three-family homes in Dowagiac, MI average $199,900 — 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

    Short term rental properties 3
    Triplexes 2
    Apartment buildings 1
    Duplexes 1
    Small apartment buildings 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 $199.9K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cass County

    New Delisted

    Total CRE Inventory on Market (SF)

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