223 W Washington Avenue Jackson, MI ^$ 465,000

223 W Washington Avenue

^$ 465,000

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223 W Washington Avenue

Jackson, MI, 49201

^$ 465,000

Studio Baths0.0 Sq 4,872

Monthly Estimate*

^$ 2,901

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Studio

Multi-Family Home for sale in Jackson, MI

for $465,000. This 4,872 square foot home was built in 1950 on a lot size of 0.2.

Prime opportunity to own a fully occupied 6-unit brick multifamily building in the heart of Downtown Jackson at 223 W Washington Ave. This low-maintenance, city-certified rental property (2024) features 4,872 sq ft of updated living space with consistent rental demand and zero vacancy. $60,000+/year gross income! Tenants enjoy coin-operated laundry, basement storage, and easy access to restaurants, shops, and public transit, including the Amtrak station. Zoned C-3 and located in a high-demand rental area, the property generates strong cash flow with high cap rate. With a solid rental history, stable income, and prime location, this turnkey asset is ideal for any investor seeking a high-performing, hassle-free addition to their portfolio. Listing agent is part owner of this property.

Multi-Family Active

Price

^$ 465,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 6,177

Style

Lot Size

0.2

Year Built

1950

Town/City

Jackson

County/Region

Jackson

MLS | Web ID

70475262

Features

General

Heating Hot Water

Status Active Active

Year Built 1950

County Jackson

Class MULTIFAMILY

Type Multi-Family

Municipality Jackson

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Jackson (38020)

Primary City Jackson

Directions W Washington between S Blackstone St and S Jackson St.

City Jackson

School District Jackson County ISD

Financial Terms Cash Conventional

Legal Description W 1/2 OF LOT 7 B3S R1W THE ORIGINAL PLAT OF THE VILLAGE OF JACKSONBURG

DOM 186

Postal Code 49201

Price Per Sq Ft Total AG 95.44

Public Remarks Prime opportunity to own a fully occupied 6-unit brick multifamily building in the heart of Downtown Jackson at 223 W Washington Ave. This low-maintenance

Exterior

Exterior Brick

Frontage 66

Lot Size Area 0.2

Lot Dimensions 66x132

Lot Description Sidewalks

Roads City/County Paved Street

Waterfront Y/N No

Interior

Total Number of Units 6

Fuel Type Natural Gas

* Excluded Features

List By

Pouria Namazi

Listing Agent

Ncdg Realty & Property Manage

Broker

paul@ncdevgroup.com

Affordability Calculator

$3,416

Per Month

Monthly Principal & Interest: $2,901
Monthly Property Taxes: $515
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Jackson, MI

Average List Price ^$201,247

Percent of Sale Price 57%

About Jackson, MI

33,085 Population

-9% Since 2002

^$30,123 Median Income

34.66 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2940797 Elementary School

2940801 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/11/2025	$465,000	-4.12%	Price Down
7/2/2025	$485,000	-2.02%	Price Down
6/15/2025	$495,000		Listed Price

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223 W Washington Avenue, Jackson, MI, 49201 is a Multi-Family Home for sale at $465,000 with 4,872 sqft and a lot size of 0.2. 223 W Washington Avenue is a studio with 0.0 baths and was built in 1950. The property's zip code is 49201 which is in Jackson, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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223 W Washington Avenue

Multi-Family Home for sale in Jackson, MI

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