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242 S East Street Vassar, MI $ 164,000
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$ 164,000 Get more info
242 S East Street
$ 164,000
Back to search
Share Save

242 S East Street

Vassar, MI, 48768
$ 164,000
Bedrooms5 Baths2.1 Sq 1,986

Monthly Estimate*

$ 1,010

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Multi-Family Home for sale in Vassar, MI

for $164,000 with 5 bedrooms and 2 full baths, 1 half bath. This 1,986 square foot home was built in 1950 on a lot size of 0.25.

Perfect opportunity to set up your own business! Own & lease one unit as income. Updated 2 story home on a corner lot. Two separate addresses & meters. Updates include plumbing & electrical, fresh paint, flooring, outlet covers and some light fixtures updated in the main floor unit. Cement driveway. Shed included. Newer windows downstairs and a mix upstairs. Main apartment has 1250 sq feet, has 1-1/2 bath, and 3 bedrooms. The upstairs has 736 sq feet, 2 bedrooms and 1 bathroom. Estimated rent based on market is $1200/mo for the bottom apartment and $750/month for the upper level with a gross yearly income of $23,400. (Listing removed from the market to complete updates & reflects increase in asking price.) Can be financed FHA & VA as long as the buyer is living in one unit. Warranty negotiable.

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Multi-Family Active

Price

$ 164,000

Bedrooms

5

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 3,768

Style

MultiFamily

Lot Size

0.25

Year Built

1950

Town/City

Vassar

County/Region

Tuscola

MLS | Web ID

5050198511
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas SeparateMeters WallFurnace
Cooling CeilingFans CentralAir
Possession ClosePlus30Days
Garage Spaces 0.0
Construction Materials VinylSiding
Year Built 1950
Levels Two
Property Subtype MultiFamily
Tax Year 2025
County Tuscola
Net Operating Income 23000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name ORIGINAL CITY OF VASSAR
Garage Y/N N
Full Baths 2
Status Active
City VassarCity_Tuscola
Disclosures TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Vassar
Zoning Description Residential
Number Of Units Total 2
MLS Area Area79172Vassar
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 3768.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Legal Description ASST LC L541 PG 518 T11N R&E LOT 10 BLK 29 ORIG PLAT CITY OF VASSAR
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Interior
Basement Block
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1986.0
Half Baths 1
Total Bedrooms 5
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type SquareFeet
Total Baths 3
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Exterior
Water Source Public
Foundation Details Basement Block CrawlSpace
Spa N
Lot Dimensions 170 x 70
Lot Size Acres 0.25
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 1 242
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* Excluded Features
List By
Sue McKnight

Listing Agent

Area Wide Real Estate

Broker

(989) 325-0319

Phone

Affordability Calculator

$1,324
Per Month
76%
24%
0%
Monthly Principal & Interest
$1,010
Monthly Property Taxes
$314
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
848837 Elementary School
848567 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/10/2026$164,000 -0.61% Price Down
1/30/2026$165,000 Listed Price

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242 S East Street, Vassar, MI, 48768 is a Multi-Family Home for sale at $164,000 with 1,986 sqft and a lot size of 0.25. 242 S East Street has 5 bedrooms, 2.1 baths, and was built in 1950. The property's zip code is 48768 which is in Vassar, MI

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