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505-507 2nd Street Jackson, MI $ 99,900
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$ 99,900 Get more info
505-507 2nd Street
$ 99,900
Back to search
Share Save

505-507 2nd Street

Jackson, MI, 49203
$ 99,900
Baths0.0

Monthly Estimate*

$ 623

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Studio

Multi-Family Home for sale in Jackson, MI

for $99,900. This home was built in 1930 on a lot size of 0.05.

Income producing Duplex with side by side 2 bedroom, 1 bath units. Located just minutes from the Central Business District of Jackson, MI, this CITY-CERTIFIED and PROFESSIONALLY MANAGED investment property offers exceptional income potential with a 10%+ CAP Rate. The property features two spacious 2-bedroom, 1-bathroom units, all with Professional Property Manager screened, long- term tenants. The current owners have upgraded both units with new flooring, appliances, paint, and remodeling to meet city requirements, ensuring smooth operation and strong tenant retention.

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Multi-Family Active

Price

$ 99,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,895

Style

2 to 4 Units

Lot Size

0.05

Year Built

1930

Town/City

Jackson

County/Region

Jackson

MLS | Web ID

25046452
Features
General
Heating Forced Air
Utilities Phone Available Cable Available Natural Gas Connected Electricity Connected
Possession Close Of Escrow Subject To Tenant Rights
Roof Composition
Construction Materials Wood Siding
Year Built 1930
Tenant Pays Electric Gas
Township Jackson City
Property Subtype 2 to 4 Units
Tax Year 2025
Ownership Private Owned
Gross Income 19500.0
County Jackson
Net Operating Income 10800.0
Operating Expense 8700.0
New Construction N
Property Type Multi Family
Attached Garage N
Subdivision Name Livermore Wood & Eaton's Add
Status Active
Directions S off W Franklin E of Fourth
City Jackson
High School District Jackson
Zoning Description R-3
Number Of Units Total 2
MLS Area Jackson County - JX
Lot Size Units Acres
Lot Size Square Feet 2178.0
Listing Terms VA Loan FHA Cash Conventional Tax Def Exchange
Land Lease Y/N N
Tax Annual Amount 1895.0
Lease Renewal Y/N N
MLS Area Minor Jackson County - JX
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 27944
Legal Description W 55.13 FT OF S 37.5 FT OF LOT 3 BLK 8 LIVERMORE WOOD & EATON'S ADD
Senior Community None
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Interior
Basement Full
Basement (Y/N) Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Paved
Lot Features Level Sidewalk
Total Parking 4.0
Lot Size Area 0.05
Number of Buildings 1
Spa N
Lot Dimensions 38x55
Lot Size Acres 0.05
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 505507
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* Excluded Features
List By
Coldwell Banker Beiswanger Realty Group

Broker

Doug@MiRealEstatePro.com

Email

Affordability Calculator

$781
Per Month
80%
20%
0%
Monthly Principal & Interest
$623
Monthly Property Taxes
$158
Monthly 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
1286383 Elementary School
1286384 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/29/2025$99,900 -16.75% Price Down
9/10/2025$120,000 Listed Price

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505-507 2nd Street, Jackson, MI, 49203 is a Multi-Family Home for sale at $99,900 with a lot size of 0.05. 505-507 2nd Street is a studio with 0.0 baths and was built in 1930. The property's zip code is 49203 which is in Jackson, MI

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