$999,999
504-506*** 1st Street, Jackson, MI 49203
0 baths
- Lot
- 0.19 acres
- Built
- 1930
- Type
- 5+ Units
- On market
- 100 days
DescriptionShowHide
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.
Facts & features
Interior2
- Bathrooms
- 0
- Basement
- Full
Heating, cooling & utilities3
- Heating
- Baseboard, Radiant
- Sewer
- Public Sewer
- Utilities
- Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Parking1
- Parking
- Asphalt, Driveway
Exterior & construction3
- Lot size
- 0.19 acres
- Construction
- Wood Siding, Other
- Year built
- 1930
Property details7
- Type
- OTHER
- Sub-type
- 5+ Units
- County
- Jackson
- Parcel #
- 3-000700000 & 3-000800000
- Days on market
- 100
- MLS #
- 26030627
- Status
- Active
District: Jackson
No individual schools were listed for this home.
Assigned schools as entered by the listing agent. Attendance boundaries change — confirm with the district before relying on this.
Price & tax historyShowHide
- No recorded history for this property.
Listing courtesy of ERA Reardon Realty, L.L.C. · Jennifer Chmielewski
517-937-5232 · realtorjennacares@gmail.com
Copyright MichRIC, LLC
Copyright © 2026 Copyright MichRIC, LLC. All rights reserved. · Updated: 09/27/26