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505-507 2nd Street Jackson, MI $ 99,900
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$ 99,900 Get more info
505-507 2nd Street
$ 99,900
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505-507 2nd Street

Jackson, MI, 49203
$ 99,900
Baths0.0 Sq 2,065

Monthly Estimate*

$ 623

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Studio

Multi-Family Home for sale in Jackson, MI

for $99,900. This 2,065 square foot home was built in 1930 on a lot size of 0.05.

Income producing Duplex with side by side 2 bedroom, 1 bath units. Located just minutes from the Central Business District of Jackson, MI, this CITY-CERTIFIED and PROFESSIONALLY MANAGED investment property offers exceptional income potential with a 10%+ CAP Rate. The property features two spacious 2-bedroom, 1-bathroom units, all with Professional Property Manager screened, long- term tenants. The current owners have upgraded both units with new flooring, appliances, paint, and remodeling to meet city requirements, ensuring smooth operation and strong tenant retention.

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Multi-Family Active

Price

$ 99,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,895

Style

MultiFamily

Lot Size

0.05

Year Built

1930

Town/City

Jackson

County/Region

Jackson

MLS | Web ID

55025046452
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Utilities ElectricityConnected NaturalGasConnected PhoneAvailable
Possession CloseOfEscrow SubjectToTenantRights
Roof Composition
Construction Materials WoodSiding
Year Built 1930
Property Subtype MultiFamily
Tax Year 2025
Community Features Sidewalks
County Jackson
Net Operating Income 10800.0
Operating Expense 8700.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name LIVERMORE WOOD & EATON'S ADD
Garage Y/N N
Status Active
Directions S off W Franklin E of Fourth
City JacksonCity_Jackson
Senior Community Y/N N
High School District Jackson
Zoning Description Residential
Number Of Units Total 2
MLS Area Area12132Jackson
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 1895.0
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
Building Area Units SquareFeet
Standard Status Active
Tax Assessed Value 27944
Legal Description W 55.13 FT OF S 37.5 FT OF LOT 3 BLK 8 LIVERMORE WOOD & EATON'S ADD
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Interior
Basement Full
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
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Exterior
Parking Features Paved
Lot Features Level
Water Source Public
Total Parking 4.0
Lot Size Area 2178.0
Number of Buildings 1
Spa N
Building Area Total 2065.0
Lot Dimensions 38x55
Lot Size Acres 0.05
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded Features
List By
Doug Beiswanger

Listing Agent

Coldwell Banker Beiswanger Realty Group

Broker

(517) 914-9555

Phone

Affordability Calculator

$781
Per Month
80%
20%
0%
Monthly Principal & Interest
$623
Monthly Property Taxes
$158
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
848154 Elementary School
848401 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
10/29/2025$99,900 -16.75% Price Down
9/10/2025$120,000 Listed Price

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505-507 2nd Street, Jackson, MI, 49203 is a Multi-Family Home for sale at $99,900 with 2,065 sqft and a lot size of 0.05. 505-507 2nd Street is a studio with 0.0 baths and was built in 1930. The property's zip code is 49203 which is in Jackson, MI

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