504-506*** 1st Street Jackson, MI ^$ 1,100,000

504-506*** 1st Street

^$ 1,100,000

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504-506*** 1st Street

Jackson, MI, 49203

^$ 1,100,000

Studio Baths0.0

Monthly Estimate*

^$ 6,773

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Studio

Multi-Family Home for sale in Jackson, MI

for $1,100,000. This home was built in 1930 on a lot size of 0.19.

Income-producing 12-unit multifamily portfolio featuring an 8-unit building at 504-506 First St. and a 4-unit building at 510 First St. Offered as one package, this value-add investment provides immediate cash flow with upside potential through continued stabilization and rent optimization. Current gross income is approximately $101,000 annually with a current NOI of $63,000 and a 5.75% cap rate. Seller projections indicate potential stabilization to over $105,000 NOI and a cap rate approaching 9.6%. Located in a strong rental market with high renter occupancy, limited inventory, and consistent housing demand. Excellent opportunity for investors seeking workforce housing, multifamily assets, portfolio expansion, or a 1031 exchange acquisition in Jackson, Michigan.

Multi-Family Active

Price

^$ 1,100,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,753

Style

Lot Size

0.19

Year Built

1930

Town/City

Jackson

County/Region

Jackson

MLS | Web ID

70540315

Features

General

Heating Baseboard Radiant

Status Active Active

Year Built 1930

County Jackson

Class MULTIFAMILY

Type Multi-Family

Municipality Jackson

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Jackson (38020)

Primary City Jackson

City Jackson

School District Jackson County ISD

Financial Terms Cash Conventional

Legal Description LOT 4 BLK 8 LIVERMORE WOOD & EATON'S ADD

DOM 1

Postal Code 49203

Public Remarks Income-producing 12-unit multifamily portfolio featuring an 8-unit building at 504-506 First St. and a 4-unit building at 510 First St. Offered as one package

Exterior

Exterior Other Wood

Frontage 62

Lot Size Area 0.19

Lot Dimensions 62 x 135

Waterfront Y/N No

Interior

Total Number of Units 8

* Excluded Features

List By

Jennifer Chmielewski

Listing Agent

Era Reardon Realty, L.L.C.

Broker

realtorjennacares@gmail.com

Affordability Calculator

$6,919

Per Month

Monthly Principal & Interest: $6,773
Monthly Property Taxes: $146
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

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 Jackson, MI

Average List Price ^$256,261

Percent of Sale Price 77%

About Jackson, MI

33,085 Population

-9% Since 2002

^$30,123 Median Income

34.66 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2940797 Elementary School

2940801 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/19/2026	$1,100,000		Listed Price

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504-506*** 1st Street, Jackson, MI, 49203 is a Multi-Family Home for sale at $1,100,000 with a lot size of 0.19. 504-506*** 1st 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

*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.

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504-506*** 1st Street

Multi-Family Home for sale in Jackson, MI

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