504-506*** 1st Street, Jackson, MI 49203 (MLS# 26030627)

504-506*** 1st Street, Jackson, MI 49203

New Listing

$1,100,000

Property Type: Multi Family Lot Size (sq. ft.): 8,276 Status: Active

Current Price: $1,100,000 List Date: 6/19/2026 Last Modified: 6/19/2026

Overview

Description

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.

Listing Details MLS# 26030627

Location Property Info

County: Jackson
Street #: 504-506***
Street Name: 1st
Suffix: Street
State: MI
Zip Code: 49203
Zip (4): 1774

General Property Info

Lot Measurement: Acres
Lot Square Footage: 8276
Lot Acres: 0.19
Lot Dimensions: 62 x 135
Year Built: 1930
New Construction: No
Road Frontage: 62
Total # Units: 8
# of Diff Unit Floor Plans: 8
Total # Bldgs: 2
Total Parking Spaces: 12
Waterfront: No
School District: Jackson
Basement: Yes

Tax Info

Tax ID #: 3-000700000 & 3-000800000
Taxable Value: 91100
SEV: 91100
For Tax Year: 2025
Seller's Annual Property Tax: 1753
Tax Year: 2025
Spec Assessment & Ty: none
Homestead %: 0

Access Feat

Accessibility Features: No

Unit 1

Unit #: Yes
Unit Description: Unit 1
SqFt: 700
Monthly Rent: 1200
Bathrooms: Yes
Full Baths: Yes
Range Oven: Yes
Refrigerator: Yes

More Information

Unit 2

Unit #: 2
Unit Description: Pay own gas & elect
SqFt: 700
Monthly Rent: 900
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit 3

Unit #: 3
Unit Description: Pay own electricity
SqFt: 700
Monthly Rent: 100
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit 4

Unit #: 4
Unit Description: Pay own gas & elect
SqFt: 700
Monthly Rent: 1000
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit 5

Unit #: 5
Unit Description: Utilities included
SqFt: 500
Monthly Rent: 925
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit 6

Unit #: 6
Unit Description: 504 #1
SqFt: 500
Monthly Rent: 785
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit 7

Unit #: 7
Unit Description: Top Unit- pay elect
SqFt: 580
Bathrooms: Yes
Full Baths: Yes
Monthly Rent: 950
Refrigerator: Yes
Range/Oven: Yes

Unit 8

Unit #: 8
Unit Description: Utilities included
SqFt: 500
Monthly Rent: 700
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Refrigerator: Yes

Location & Property Info

Cross Streets: Franklin & Mason
Property Sub-Type: 5+ Units
Municipality: Jackson City

Office/Contract Info

Auction or For Sale: For Sale

Remarks & Misc

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, 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.
Legal: LOT 4 BLK 8 LIVERMORE WOOD & EATON'S ADD

Util Avail at Street

Electricity Available: Yes
Natural Gas Available: Yes
Public Sewer: Yes
Public Water: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Mineral Rights

Unknown: Yes

Laundry Features

Gas Dryer Hookup: Yes
In Basement: Yes
Washer Hookup: Yes

Exterior Material

Wood Siding: Yes
Other: Yes

Heat Source

Other: Yes

Sale Conditions

None: Yes

Heat Type

Baseboard: Yes
Radiant: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Driveway

Asphalt: Yes

Substructure

Full: Yes

Owner Pays

Sewer: Yes
Trash Collection: Yes
Water: Yes

Property Features

Laundry Features: Gas Dryer Hookup; In Basement; Washer Hookup Exterior Material: Wood Siding; Other Substructure: Full Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water Owner Pays: Sewer; Trash Collection; Water Tenant Pays: Electric; Gas Heat Source: Other Heat Type: Baseboard; Radiant Driveway: Asphalt Mineral Rights: Unknown Terms Available: Cash; Conventional Sale Conditions: None Unit 1: Range Oven; Refrigerator Unit 2: Range/Oven; Refrigerator Unit 3: Range/Oven; Refrigerator Unit 4: Range/Oven; Refrigerator Unit 5: Range/Oven; Refrigerator Unit 6: Range/Oven; Refrigerator Unit 7: Refrigerator; Range/Oven Unit 8: Range/Oven; Refrigerator

Listing Office: ERA Reardon Realty, L.L.C.

Listing Agent: Jennifer Chmielewski

Last Updated: June - 19 - 2026

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.