BEDS0
BATHS
MLS#26030627
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLJackson
Property 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Heating: Baseboard, Radiant
Lot Size: 0.19 Acres
Taxes: $1,753
Year Built: 1930
Feature Descriptions
Days on Site: 1
Exterior: Wood Siding, Other
Laundry: Gas Dryer Hookup, In Basement, Washer Hookup
Lot Dimensions: 62 x 135
Owner Pays: Trash Collection, Water, Sewer
Parcel Number: 3-000700000 & 3-000800000
Parking: Asphalt, Driveway
Parking Total: 12
Sewer: Public Sewer
Sub Type: 5+ Units
Tenant Pays: Electric, Gas
Units: 8
Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Local Schools
School District: Jackson
Listed By / Shown By
Listed By
Agency Name: ERA Reardon Realty, L.L.C.
Agent Name: Jennifer Chmielewski
Shown By
Agent Name: Jessica Powers
Agent Phone: (734) 308-6599
Agency Title: Key Realty
 | The property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 06/20/2026. |
Estimate Your Payment
Estimated Payment
$ 6,620.00 per month $6,153.09 Principal & Interest $146.08 Property Tax $320.83 Homeowner's Insurance
504-506*** 1st Street | MLS# 26030627
This multi-family property located at 504-506*** 1st Street, Jackson, MI 49203 is currently listed for sale with an asking price of $1,100,000. 504-506*** 1st Street is located within the Jackson school district. Search Jackson real estate on www.nurturinghomesrealestate.com today.