$495,000
223 W Washington Avenue
Jackson, MI, 49201
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.
Property Details
Price:
$495,000
MLS #:
25028606
Status:
Active
Beds:
0
Baths:
0
Address:
223 W Washington Avenue
Type:
Single Family
Subtype:
5+ Units
City:
Jackson
Listed Date:
Jun 15, 2025
State:
MI
ZIP:
49201
Lot Size:
8,712 sqft / 0.20 acres (approx)
Year Built:
1950
Schools
School District:
Jackson
Elementary School:
Big Jackson Public School
Middle School:
East Jackson Elementary School
High School:
East Jackson Secondary School
Interior
Fireplaces Total
1
Heating
Hot Water
Laundry Features
Common Area, In Basement
Exterior
Construction Materials
Brick
Parking Features
Asphalt, Driveway, Paved
Parking Spots
6
Roof
Other
Financial
Tax Year
2024
Taxes
$6,177
Mortgage Calculator
Map
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223 W Washington Avenue
Jackson, MI
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