46131 S Lakeshore Drive Lawrence, MI ^$ 385,000

46131 S Lakeshore Drive

^$ 385,000

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Recently Listed

46131 S Lakeshore Drive

Lawrence, MI, 49064

^$ 385,000

Studio Baths0.0

Monthly Estimate*

^$ 2,371

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Studio

Multi-Family Home for sale in Lawrence, MI

for $385,000. This home was built in 1986 on a lot size of 0.5.

ATTENTION INVESTORS! This four unit complex is fully rented and has many recent updates. Many newer windows and doors, AC Units, dishwashers and a new well in 2019. The location of the large. country 1/2 acre lot gives tenants privacy and lots of parking and is minutes from Lake Cora and Reynolds Lake Public access. 4-950 sq.ft. units, 2 bed, 1 bath each. 20'x24' 2 stall garage could support extra income. Common laundry area. Income and expenses are based on 8 month management period.

Multi-Family Active

Price

^$ 385,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,836

Style

2 to 4 Units

Lot Size

0.5

Year Built

1986

Town/City

Lawrence

County/Region

Van Buren

MLS | Web ID

26016170

Features

General

Sewer Septic Tank

Heating Baseboard

Cooling Wall Unit(s)

Utilities Phone Available Natural Gas Available Electricity Available Cable Available Natural Gas Connected

Possession Close Of Escrow

Roof Composition

Construction Materials Vinyl Siding

Year Built 1986

Tenant Pays Electric

Township Lawrence Twp

Property Subtype 2 to 4 Units

Tax Year 2025

Ownership Private Owned

Gross Income 29005.0

County Van Buren

Net Operating Income 22190.85

Operating Expense 6814.15

New Construction N

Property Type Multi Family

Attached Garage N

MaintenanceExpense 1029.78

Status Active

Directions FROM M-51 & RED ARROW HIGHWAY GO WEST ON RED ARROW HIGHWAY TO (STAY LEFT) TERRITORIAL TO 46TH ST. TURN LEFT (SOUTH) TO LAKESHORE DRIVE TURN RIGHT. SECOND HOME ON LEFT.

City Lawrence

High School District Lawrence

Number Of Units Total 4

Lot Size Units Acres

Lot Size Square Feet 21780.0

Listing Terms VA Loan FHA Cash Conventional

Land Lease Y/N N

Tax Annual Amount 2836.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Rent Control Y/N N

Virtual Tour https://www.propertypanorama.com/instaview/wmlar/26016170

Standard Status Active

Occupancy Type Tenant

Tax Assessed Value 54446

Legal Description Lengthy on record in office

Senior Community None

Interior

Basement Daylight Walk-Out Access

Basement (Y/N) Y

Air Conditioning Y/N Y

Heating Y/N Y

Laundry Features Electric Dryer Hookup Common Area In Basement

Total Baths 0

Exterior

Parking Features Aggregate Driveway Asphalt

Water Source Well

Total Parking 8.0

Lot Size Area 0.5

Number of Buildings 1

Spa N

Lot Dimensions 132x164

Lot Size Acres 0.5

Road Surface Type Paved

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 46131

* Excluded Features

List By

Re/Max Lakeshore

Broker

tantzi@remax-lakeshore.com

Affordability Calculator

$2,607

Per Month

Monthly Principal & Interest: $2,371
Monthly Property Taxes: $236
Monthly Home Insurance: --

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Interest Rate

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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 Lawrence, MI

Average List Price ^$385,000

Percent of Sale Price 0%

About Lawrence, MI

989 Population

-4% Since 2002

^$33,054 Median Income

36.95 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

249398 Elementary School

249108 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/17/2026	$385,000		Listed Price

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46131 S Lakeshore Drive, Lawrence, MI, 49064 is a Multi-Family Home for sale at $385,000 with a lot size of 0.5. 46131 S Lakeshore Drive is a studio with 0.0 baths and was built in 1986. The property's zip code is 49064 which is in Lawrence, 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.

Listing data provided courtesy of the Internet Data Exchange Program of MichRIC, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MichRIC, LLC. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information Deemed Reliable But Not Guaranteed

Data is updated as of 4/19/2026.

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46131 S Lakeshore Drive

Multi-Family Home for sale in Lawrence, MI

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