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304 S Main Street Mt. Pleasant, MI $ 934,900
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304 S Main Street
$ 934,900
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304 S Main Street

Mt. Pleasant, MI, 48858
$ 934,900
Bedrooms15 Baths12.0 Sq 8,337

Monthly Estimate*

$ 5,903

304 S Main Street, Mt. Pleasant, MI 48858 - Image 1
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Multi-Family Home for sale in Mt. Pleasant, MI for $934,900 with 15 bedrooms and 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.

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Multi-Family Active

Price

$ 934,900

Bedrooms

15

Full Bath

12

Property Type

Multi-Family

Taxes

$ 16,606

Style

Craftsman,Quadruplex,Triplex,Upper Lower Apartment

Lot Size

0.5

Year Built

1879

Town/City

Mt. Pleasant

County/Region

ISABELLA

MLS | Web ID

20261071088
Features
Interior
Interior Amenities HighSpeedInternet
Basement Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 8337.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 12
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General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Utilities CableAvailable
Possession AtClose
Roof Asphalt
Garage Spaces 0.0
Patio/Porch Features Covered Porch
Architectural Style Craftsman Quadruplex Triplex UpperLowerApartment
Pool Features None
Security Features SmokeDetectors
Construction Materials Brick VinylSiding
Exclusions Exclusion(s) Do Not Exist
Pets Allowed Call
Year Built 1879
Levels Two
Property Subtype MultiFamily
Community Features Sidewalks
County Isabella
Net Operating Income 0.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N N
Other Structures ShedsAllowed
Full Baths 12
Status Active
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 MtPleasantCity_Isabella
Disclosures ActualIncome ConformstoZoning LegalRentalCertified ExclusionsDoNotExist NoRestrictions TaxesNotHomesteadExempt
Senior Community Y/N N
High School District MtPleasant
Zoning Description Commercial MultiFamily Residential
Number Of Units Total 12
MLS Area Area37112MtPleasant
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 12
Land Lease Y/N N
Tax Annual Amount 16606.0
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
Occupancy Type Tenant
Tax Assessed Value 263606
Expected Active Date 2026-09-03
Legal Description ORIGINAL PLAT N 30 FT LOT 3 ALL LOT 4 BLK 31 & 1/2 VAC ALLEY ABUT ON W.
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Exterior
Exterior Amenities Lighting
Fencing FencingAllowed
Parking Features Lighted ParkingLot
Water Source Public
Total Parking 0.0
Foundation Details Basement Block
Spa N
Lot Dimensions 96x100xIrregular
Lot Size Acres 0.5
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 304
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* Excluded Features
List By
Stephan Brochu

Listing Agent

Re/Max Platinum - Grand Blanc

Broker

(810) 397-5343

Phone

Affordability Calculator

$7,287
Per Month
81%
19%
0%
Monthly Principal & Interest
$5,903
Monthly Property Taxes
$1,384
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
4909792 Elementary School
4909635 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/3/2026$934,900 Listed Price

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304 S Main Street, Mt. 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 has 15 bedrooms, 12.0 baths, and was built in 1879. The property's zip code is 48858 which is in Mt. Pleasant, MI

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