- 248-247-1040
- Support@MiRealSource.com
$1,100,000 for Sale
504-506*** 1st, jackson, MI 49203
Property Description
Income-producing 12-unit multifamily portfolio featuring an 8-unit building at 504-506 First St. and a 4-unit building at 510 First St. Offered as one package, this value-add investment provides immediate cash flow with upside potential through continued stabilization and rent optimization. Current gross income is approximately $101,000 annually with a current NOI of $63,000 and a 5.75% cap rate. Seller projections indicate potential stabilization to over $105,000 NOI and a cap rate approaching 9.6%. Located in a strong rental market with high renter occupancy, limited inventory, and consistent housing demand. Excellent opportunity for investors seeking workforce housing, multifamily assets, portfolio expansion, or a 1031 exchange acquisition in Jackson, Michigan.
General Information
Sale Price: $1,100,000
Price/SqFt:
Status: Active
MLS#: 70540315
City: jackson
Post Office: jackson
Schools: jackson county isd
County: Jackson
Acres: 0.19
Lot Dim: 62 x 135
Bedrooms:
Bathrooms:
Acreage: 0.19 est.
Year Built: 1930
Features & Room Sizes
Basement: No
Heating: Baseboard,Radiant
Heating: Baseboard,Radiant
Tax, Fees & Legal
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. ©2026
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Jennifer Chmielewski of ERA Reardon Realty, L.L.C.
This listing last updated: Thu, July 30, 2026 at 6:03:51 AM EDT
MIRealSource Listing Data Last Updated On Monday, August 24 2026 at 11:38am
 |
Listings presented by:
Jennifer Chmielewski
ERA Reardon Realty, L.L.C.
Call: (517) 937-5232 |