$495,000
Jackson, MI 49201
MLS# 25028606
1 / 19
Property Description
Prime opportunity to own a fully occupied 6-unit brick multifamily building in the heart of Downtown Jackson at 223 W Washington Ave. This low-maintenance, city-certified rental property (2024) features 4,872 sq ft of updated living space with consistent rental demand and zero vacancy. $60,000+/year gross income! Tenants enjoy coin-operated laundry, basement storage, and easy access to restaurants, shops, and public transit, including the Amtrak station. Zoned C-3 and located in a high-demand rental area, the property generates strong cash flow with high cap rate. With a solid rental history, stable income, and prime location, this turnkey asset is ideal for any investor seeking a high-performing, hassle-free addition to their portfolio. Listing agent is part owner of this property.
Details
Maps
Location Property Info
County: Jackson
Street #: 223
Street Direction: W
Street Name: Washington
Suffix: Avenue
State: MI
Zip Code: 49201
Area: Jackson County - JX
OfficeContract Info
Status: Active
Current Price: $495,000
List Price: $495,000
Listing Date: 2025-06-14
General Property Info
Lot Measurement: Acres
Lot Square Footage: 8712
Lot Acres: 0.2
Lot Dimensions: 66x132
Year Built: 1950
New Construction: No
Financial Available: No
Cert of Compliance: Yes
Road Frontage: 66
Total # Units: 6
# of Diff Unit Floor Plans: 6
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 4872
Total Parking Spaces: 6
Waterfront: No
School District: Jackson
Elementary School: Big Jackson Public School
Middle School: East Jackson Elementary School
High School: East Jackson Secondary School
Tax Info
Tax ID #: 4-019300000
Taxable Value: 87465
SEV: 129000
For Tax Year: 2024
Annual Property Tax: 6177.29
Tax Year: 2024
Zoning: C-3
Remarks Misc
Directions: W Washington between S Blackstone St and S Jackson St.
Access Feat
Accessibility Features: No
Unit 1
Unit Description: Unit A
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: Unit 1B
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: Unit 2C
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit Description: Unit D
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 5
Unit Description: Unit E
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 6
Unit Description: Unit 4F
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: Common Area; In Basement
Exterior Material: Brick
Roofing: Other
Substructure: Full; Walk-Out Access
Lot Description: Corner Lot; Level; Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Broadband; Cable Available; Electricity Available; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Hot Water
Driveway: Asphalt; Paved
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Listing Office: NCDG REALTY & PROPERTY MANAGE
Listing Agent: Pouria Namazi
Last Updated: June - 15 - 2025
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