For Sale
302 W Lincoln Avenue, Ionia, MI 48846
$225,000
MLS # 26006257 (Michigan Regional Information Center (MichRIC))
2 unitsBuilt 19200.26 acres
1 / 35
Listing Description
Presenting this solid brick, two-unit property situated on a corner lot in the City of Ionia. This well-maintained property offers immediate rental income and a solid investment opportunity. The lower unit features 2 bedrooms and 1 full bath, while the upper unit offers 3 bedrooms and 1 full bath. The upper unit has been recently remodeled, including new windows and a fully updated bathroom. Additional improvements include a new boiler system, updated electrical, and new flooring installed in both units. The brick exterior offers durability and timeless appeal, and the corner lot provides added visibility and natural light. Altogether, this duplex offers functional updates and long-term potential.
Source: SparkMLS
About this home
Asking $225,000.
Property tax estimate: $3,516 per year ($293/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company.
Listing Property Details
Property TypeMulti Family
Property Subtype2 to 4 Units
Bathrooms0
Lot Size0.26 acres
Year Built1920
Location
CityIonia
MunicipalityIonia City
Zip Code48846
CountyIonia
School DistrictIonia
Construction & Systems
ConstructionBrick, Wood Siding
BasementFull
HeatingBaseboard, Hot Water
SewerPublic Sewer
UtilitiesNatural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Sale & Financing
Listed3/15/2026
Original Price$245,000
Terms AcceptedFHA, Cash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$3,516
Tax Year2024
Assessed Value$85,600
Parcel #201-150-000-055-00
Source: SparkMLS
Legal Description
CITY OF IONIA C. LOVELLS ADDITION S 7RDS OF W 1RD OF LOT 3 & S 7RDS LOT 4 OF SAME ADD EXCEPT THE WEST 33 FEET OF THE SOUTH 115 FT OF LOT 4
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Justin W Hendrick
Five Star Real Estate (Ada)
Frequently Asked Questions about 302 W Lincoln Avenue, Ionia, MI 48846
What school district is 302 W Lincoln Avenue, Ionia, MI 48846 in?
Per MLS# 26006257, this property is served by Ionia. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 26006257, the seller has indicated this property accepts the following financing types: FHA, Cash, Conventional. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26006257, the most recent reported annual property tax for 302 W Lincoln Avenue, Ionia, MI 48846 is $3,516 (2024). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 302 W Lincoln Avenue, Ionia, MI 48846 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 302 W Lincoln Avenue, Ionia, MI 48846 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. Sewer: Public Sewer. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Ionia City police department or the Ionia County sheriff's office.
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Monthly payment$1,459
Principal & interest$1,459
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
302 W Lincoln Avenue, Ionia, MI 48846
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Municipality
Ionia
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