301 Nicholas Avenue Palmer, MI $ 350,000
301 Nicholas Avenue
$ 350,000
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301 Nicholas Avenue

Palmer, MI, 49871
$ 350,000
Bedrooms8 Baths4.0 Sq 3,072

Monthly Estimate*

$ 2,210

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Multi-Family Home for sale in Palmer, MI

for $350,000 with 8 bedrooms and 4 full baths. This 3,072 square foot home was built in 1965 on a lot size of 0.26.

This well-maintained four-unit apartment building in Palmer offers a strong rental history and consistent occupancy, making it an attractive addition to an investment portfolio. Each unit features two bedrooms and one full bathroom, with recent updates to the bathrooms and flooring. All four units are currently occupied under year-long leases at $850 per month, with tenants responsible for their own electric service. A coin-operated laundry area in the basement provides added convenience, while indoor storage spaces offer tenants extra room for their belongings. Palmer is a small community known for its welcoming atmosphere and neighborly feel, while also offering convenient proximity to a major area employer. With steady income potential and practical tenant features, this fully occupied property presents an appealing investment opportunity with an established rental history.

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Multi-Family Active

Price

$ 350,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.26

Year Built

1965

Town/City

Palmer

County/Region

Marquette

MLS | Web ID

50215315

Features
General
Heating Forced Air
Cooling None
Possession At Close
Water Public Water
Appliances Dryer Range/Oven Refrigerator Washer
Status Active Active
Full Baths 4
Half Baths 0
Bathrooms 4
Year Built 1965
Subdivision N/A MI
County Marquette
Class MULTIFAMILY
Type Multi-Family
Ownership LLC
Municipality Richmond Twp
Sale/Rent For Sale
Status Detail 0
Utilities Cable Available Electricity Connected Natural Gas Connected Phone Available Sewer Connected Water Connected
Structure Style 2 Story
Area Richmond Twp (52026)
Primary City Palmer
Directions From Co Rd 480/M35 Intersection take M35 South to Palmer to left onto Nicholas to building on right. Corner of Nicholas and Reade
City Palmer
School District Negaunee Public Schools
Financial Terms Cash Conventional
Legal Description RICHMOND TWP PLAT OF PALMER. LOT 5 & N 1/2 OF 6 BLK 13.
DOM 0
Postal Code 49871
Price Per Sq Ft Total AG 113.93
Public Remarks This well-maintained four-unit apartment building in Palmer offers a strong rental history and consistent occupancy
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Interior
Basement Full
Beds 8
Fireplace? No
Total Number of Units 4
Fuel Type Electric Natural Gas
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Exterior
Exterior Aluminum Brick
Lot Size Area 0.26
Lot Dimensions 100x150x50x75x50x75
Water Features None
Roads City/County Year Round
Waterfront Y/N No
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* Excluded Features
List By
ADAM KARKI

Listing Agent

Keller Williams First Up

Broker

selectkarki@gmail.com

Email

Affordability Calculator

$2,210
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,210
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
3701280 Elementary School
3701273 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/17/2026$350,000 Listed Price

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301 Nicholas Avenue, Palmer, MI, 49871 is a Multi-Family Home for sale at $350,000 with 3,072 sqft and a lot size of 0.26. 301 Nicholas Avenue has 8 bedrooms, 4.0 baths, and was built in 1965. The property's zip code is 49871 which is in Palmer, MI