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    New Buffalo, MI
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    New Buffalo, MI Triplexes for Sale

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    Triplex with Private Entrances
    Updated: Apr 28
    Triplex with Private Entrances

    121 E Michigan Street, New Buffalo, MI 49117

    $590,000
    0.14 AC lot
    Three‑unit property with private entrances and individual electric and water services
    All units leased month‑to‑month with tenant‑paid utilities
    First unit includes 3 bedrooms, 1.5 baths, four‑season room, private backyard, and side circle parking
    Third unit has a finished lower level with bedroom, bath, ravine views, and separate entrance
    Second unit includes updated electrical and an unfinished basement with a second full bath
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    New Buffalo Triplex Investment Opportunity
    Updated: Nov 30, 2025
    New Buffalo Triplex Investment Opportunity

    121 East Michigan Street, New Buffalo, MI 49117

    $590,000
    563 sqft
    Income‑producing triplex with tenant‑paid utilities.
    All units currently leased, providing immediate income.
    Opportunity to increase income by adjusting rents to market rates.
    Unit 1 lives like a single‑family home featuring 3 bedrooms, 1.5 baths, a four‑season room, and a private backyard.
    Unit 2 has updated electrical and an unfinished basement with potential.
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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 6 Potential Opportunities for your consideration. Besides 2 Active listings in New Buffalo, 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.

    Three-Unit Triplex with Available Unit
    Three-Unit Triplex with Available Unit

    502 N Arthur St, South Bend, IN 46617

    $365,000
    2,209 sqft

    Tenants pay their own electric, supporting a straightforward utility arrangement across the property.

    View details
    Renovated Triplex with Full Basement
    Renovated Triplex with Full Basement

    602 North Frances Street, South Bend, IN 46617

    $650,000
    2,722 sqft

    Three updated units offer varied layouts, shared laundry, storage, and outdoor space.

    View details
    Three-Unit Block Triplex
    Three-Unit Block Triplex

    St Joseph, MI 49085

    $299,900
    0.21 AC lot

    Residential income property with forced-air heat, window cooling, public sewer, and driveway parking.

    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.

    View details

    New Buffalo, MI Triplexes Market Trends and Statistics

    Explore 2 triplexes for sale in New Buffalo, MI on our real estate platform. These investment opportunities span a total of 563 square feet of properties for sale, with an estimated market value of $1,180,000.

    Sale prices for three-family homes in New Buffalo, MI average $590,000 — 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

    Triplexes 3

    Demographics Overview

    Population 3,512
    Population Growth (5Y) -2.6%
    Median Household Income $75,268
    College Educated 69.8%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49117 $590K

    Taxes & Financing

    Tax Rate (average for all types) 2.59%
    Property Tax per SF $65.22 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Berrien County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Berrien County

    Retail

    Property Size Breakdown

    The majority of commercial real estate listings in New Buffalo fall within the 50,000 to 100,000 square foot range.

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