504-506*** 1st Street, Jackson, MI 49203

Jackson
Local realty services provided by:Better Homes and Gardens Real Estate Connections
504-506*** 1st Street,Jackson, MI 49203
$1,100,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jennifer chmielewski
Office: era reardon realty, l.l.c.
MLS#:26030627
Source:MI_MICHRIC

Price summary

  • Price:$1,100,000

About this home

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.

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Home facts

  • Year built:1930
  • Listing ID #:26030627
  • Added:9 day(s) ago
  • Updated:June 28, 2026 at 10:30 PM

Rooms and interior

  • Basement:Yes

Heating and cooling

  • Heating:Baseboard, Radiant

Structure and exterior

  • Year built:1930
  • Lot area:0.19 Acres
  • Construction Materials:Wood Siding

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,100,000
  • Tax amount:$1,753 (2025)

Parking

  • Total parking spaces:12

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