Andover RE
Powered by 
- 0
- 5
- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
- Nearby Homes
Street View
$999,999
Monthly Est:$4,977
-- Bed
-- Bath
--sqft
504-506*** 1st Street, Jackson, MI 49203
$999,999
$4,977/moEst:
Get Pre-Approved
Multi Family
Built in 1930
$-- HOA
8,276.4 sqft lot
--/sqft
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.
- Houzeo last checked: 12 minutes ago
- Listing updated: September 27, 2026 at 5:45 pm
- Listing Provided by: Jennifer Chmielewski (517) 937-5232 | ERA Reardon Realty, L.L.C. (517) 782-2996
- Source: Realcomp MLS-MI | MLS#: 55026030627
- Originating MLS: Jackson Area Association of REALTORS
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1930
HOA Fees
-
Finished Area
- sqft
Lot Size
8,276.4 sqft lot
Basement Area
- sqft
MLS Name
Realcomp MLS
MLS Number
55026030627
MLS Status
Active
Days on Market
111
Cumulative Days on Market
100
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Download App
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Sewer
Public Sewer, Sewer At Street
Heating
Baseboard, Other Heating Fuel, Radiant
Construction
Year Built
Year Built: 1930
Home type
Multi Family
Construction Materials
Other, Wood Siding
Utilities & Energy
Basement
Full
Parking Features
Asphalt
Water Source
Public
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected
Laundry Features
Gas Dryer Hookup, In Basement, Washer Hookup
Price History
| Date | Event | Price |
|---|---|---|
06/19/2026 Source: | Listed for Sale | $1,100,000 +10.00% $0/sqft |
06/19/2026 Source: | Price Increased | $999,999 +127.32% $0/sqft |
08/02/2019 Source: | Sold | $439,900 $0/sqft |
Getting Around 504-506*** 1st Street
Bike Score®
Bikeable
63/100
Walk Score®
Somewhat Walkable
68/100
Data provided by Redfin
Nearby Homes
Find Homes by Property Features in Jackson, MI
Based on information from the Board/Association of REALTORS® (alternatively, from the Realcomp II Ltd. MLS) through Oct 09, 2026, 04:30AM. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. IDX provided courtesy of Realcomp II Ltd. via Andover Real Estate & Houzeo, Copyright 2026 Realcomp II Ltd. Shareholders Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listing Information presented by local MLS brokerage: Andover Real Estate, local REALTOR®- Scott Rubin - (248)206-3666 . Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. © 2024 Realcomp II Ltd. MLS. All Rights Reserved.
Advertising Broker: Andover Real Estate | Andover Real Estate