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
504-506*** 1st Street, Jackson, MI 49203
New Listing
$1,100,000
Overview
Description
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.
