304 S Main Street Mount Pleasant, MI ^$ 934,900

304 S Main Street

^$ 934,900

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304 S Main Street

Mount Pleasant, MI, 48858

^$ 934,900

Studio Baths12.0 Sq 8,337

Monthly Estimate*

^$ 5,903

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Studio

Multi-Family Home for sale in Mount Pleasant, MI

for $934,900 with 12 full baths. This 8,337 square foot home was built in 1879 on a lot size of 0.5.

Turn-key fully occupied 12 unit rental portfolio with proven income generation ready for new ownership. Incredible investment opportunity with a lucrative 7.2% CAP rate! Fully occupied (photos are from when units were renovated.) Three well maintained multifamily properties containing 12 total units in the heart of Mount Pleasant are being sold TOGETHER as one package deal. Located within walking distance of Central Michigan University, these properties offer an excellent opportunity for student rentals and investment potential. 109 W. Illinois St. (170000049400) offers 5 units, 304 S. Main St. (170000049300) offers 4 units, and 433 S. Washington St. (170000202900) offers 3 units. All three properties are ideally located near CMU, restaurants, shopping and public transit, and have a strong historical record of full occupancy, making this a compelling opportunity for investors seeking an established multifamily portfolio.

Multi-Family Active

Price

^$ 934,900

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 16,606

Style

Lot Size

0.5

Year Built

1879

Town/City

Mount Pleasant

County/Region

Isabella

MLS | Web ID

61027184

Features

Interior

Interior Amenities Cable/Internet Avail. DSL Available

Basement Block

Fireplace? No

Total Number of Units 12

Fuel Type Natural Gas

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Full Baths 12

Half Baths 0

Bathrooms 12

Year Built 1879

Parking Lighted

County Isabella

Class MULTIFAMILY

Type Multi-Family

Net Income 0

Ownership Private

Municipality Mt Pleasant

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Mount Pleasant (37018)

Primary City Mount Pleasant

Directions Located on the corner of Illinois & Main St. 3 Separate multi-family units inlcluded in this sale located at 304 S. Main St. 109 W. Illinois St. and 433 S. Washington St. in Mt. Pleasant.

City Mount Pleasant

School District Mt Pleasant City School District

Financial Terms Cash Conventional

Legal Description ORIGINAL PLAT N 30 FT LOT 3 ALL LOT 4 BLK 31 & 1/2 VAC ALLEY ABUT ON W.

DOM 2

Postal Code 48858

Price Per Sq Ft Total AG 112.14

Public Remarks

Exterior

Exterior Brick Vinyl Siding

Exterior Amenities Porch

Frontage 96

Lot Size Area 0.5

Lot Dimensions 96x100xIrregular

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Stephan Brochu

Listing Agent

Re/Max Platinum - Grand Blanc

Broker

stebrochu@gmail.com

Affordability Calculator

$7,287

Per Month

Monthly Principal & Interest: $5,903
Monthly Property Taxes: $1,384
Monthly Home Insurance: --

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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

Trends
Schools

Multi-family listings in Mount Pleasant, MI

Average List Price ^$261,892

Percent of Sale Price 72%

About Mount Pleasant, MI

27,234 Population

8% Since 2002

^$34,636 Median Income

21.72 Median Age

19% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2801046 Elementary School

2801044 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/3/2026	$934,900		Listed Price

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304 S Main Street, Mount Pleasant, MI, 48858 is a Multi-Family Home for sale at $934,900 with 8,337 sqft and a lot size of 0.5. 304 S Main Street is a studio with 12.0 baths and was built in 1879. The property's zip code is 48858 which is in Mount Pleasant, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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304 S Main Street

Multi-Family Home for sale in Mount Pleasant, MI

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