For Sale
504-506*** 1st Street, Jackson, MI 49203
$1,100,000
MLS # 26030627 (Michigan Regional Information Center (MichRIC))
8 unitsBuilt 19300.19 acres
1 / 91
Listing 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.
Source: SparkMLS
About this home
Listed at $1,100,000.
Estimated annual property tax: $1,753, or about $146 monthly. 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 Subtype5+ Units
Bathrooms0
Lot Size0.19 acres
Year Built1930
Location
CityJackson
MunicipalityJackson City
Zip Code49203
CountyJackson
School DistrictJackson
Construction & Systems
ConstructionWood Siding, Other
BasementFull
HeatingBaseboard, Radiant
SewerPublic Sewer
UtilitiesNatural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Sale & Financing
Listed6/18/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,753
Tax Year2025
Assessed Value$91,100
Parcel #3-000700000 & 3-000800000
Source: SparkMLS
Legal Description
LOT 4 BLK 8 LIVERMORE WOOD & EATON'S ADD
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jennifer Chmielewski
ERA Reardon Realty, L.L.C.
Frequently Asked Questions about 504-506*** 1st Street, Jackson, MI 49203
Which school district serves 504-506*** 1st Street, Jackson, MI 49203?
Per MLS# 26030627, 504-506*** 1st Street, Jackson, MI 49203 is in the Jackson boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Jackson directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 26030627, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 504-506*** 1st Street, Jackson, MI 49203?
Per public tax records, annual property taxes for this property are $1,753 (2025). 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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 504-506*** 1st Street, Jackson, MI 49203 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 504-506*** 1st Street, Jackson, MI 49203 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. 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.
What utilities serve 504-506*** 1st Street, Jackson, MI 49203?
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.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Jackson City police department or the Jackson County sheriff's office.
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Monthly payment$7,135
Principal & interest$7,135
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
504-506*** 1st Street, Jackson, MI 49203
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Municipality
Jackson
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County
Jackson County
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