242 S East Street Vassar, MI ^$ 164,000

242 S East Street

^$ 164,000

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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.

Multi-Family Active

Price

^$ 164,000

Bedrooms

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 3,768

Style

Lot Size

0.25

Year Built

1950

Town/City

Vassar

County/Region

Tuscola

MLS | Web ID

50198511

Features

General

Heating Wall Heat Forced Air

Cooling Ceiling Fan(s) Central A/C

Possession Within 30 Days

Water Public Water

Status Active Active

Full Baths 2

Half Baths 1

Bathrooms 3

Year Built 1950

Subdivision Original City of Vassar MI

County Tuscola

Class MULTIFAMILY

Type Multi-Family

Net Income 23000

Ownership Private

Municipality Vassar

Zoning Residential

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Vassar (79040)

Primary City Vassar

Directions On the corner of Arch and East Street

City Vassar

School District Vassar Public Schools

Financial Terms Cash Conventional FHA

Legal Description ASST LC L541 PG 518 T11N R&E LOT 10 BLK 29 ORIG PLAT CITY OF VASSAR

DOM 49

Postal Code 48768

Price Per Sq Ft Total AG 82.58

Public Remarks 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

Interior

Basement Block

Beds 5

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Vinyl Siding

Frontage 70

Lot Size Area 0.25

Lot Dimensions 170 x 70

Waterfront Y/N No

* Excluded Features

List By

Sue McKnight

Listing Agent

Area Wide Real Estate

Broker

nettetoner@gmail.com

Affordability Calculator

$1,324

Per Month

Monthly Principal & Interest: $1,010
Monthly Property Taxes: $314
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Vassar, MI

Average List Price ^$162,967

Percent of Sale Price 1%

About Vassar, MI

2,851 Population

-4% Since 2002

^$37,400 Median Income

38.68 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1000725 Elementary School

1000724 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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242 S East Street

Multi-Family Home for sale in Vassar, MI

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