$1,100,000
504-506*** 1st Street
Jackson, MI, 49203
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 Details
Price:
$1,100,000
MLS #:
26030627
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
5+ Units
Listed Date:
Jun 19, 2026
Lot Size:
8,276 sqft / 0.19 acres (approx)
Year Built:
1930
Schools
School District:
Jackson
Interior
Heating
Baseboard, Radiant
Laundry Features
Gas Dryer Hookup, In Basement, Washer Hookup
Exterior
Construction Materials
Wood Siding, Other
Parking Features
Asphalt, Driveway
Parking Spots
12
Parking Total
12
Financial
Tax Year
2025
Taxes
$1,753
Mortgage Calculator
Map
Current real estate data for Single Family in Jackson as of Jun 30, 2026
355
Single Family Listed
71
Avg DOM
152
Avg $ / SqFt
$281,633
Avg List Price
Community
- Address504-506*** 1st Street Jackson MI
- CityJackson
- CountyJackson
- Zip Code49203
Subdivisions in Jackson
- Alden Terrace
- AMENDED NELSON TOWERS CONDOMINIUM
- Arbor Hills Manor
- Assessor Crayr’s Plat
- Assessor’s Washington Plat.
- Assessors Wildwood Plat
- Aviara Oaks
- Backus
- Birch Haven Subdivision
- Blackman Twp
- Brookline
- Carr & Peck Add
- CARSON’S SUBDIVISION
- City View Lofts
- Coachlight
- Coronado
- Coronado Estates
- Coronado Estates
- Country Manor
- East Add
- East Add 5
- EATON’S EASTERN ADD’N
- EGGLESTON’S ADD
- Essex Heights
- ESSEX HEIGHTS SUB DIV
- FAIRFAX GARDENS
- Fairway Heights
- Fairway Park
- Falling Waters Trail
- Fayette Arms
- Foote & Bennett’s Add
- Ford’s Eastern Ext
- Fox Farms
- Garden City Estates
- Grand View
- Grande Estates
- Gunnison Gardens
- H.J. CROUCH SUBDIVISION
- Hall and Kennedy Sub
- Harmon’s Add
- Hatt-Jensen Ackerson Lake
- Henrietta Twp
- HILLSIDE SUB DIV
- Home Estates
- Hurst Research Park
- Jackson City
- Jackson Mound
- JAMES T. GANSON’S SUBDIVISION
- JOHN I BRECK’S LITTLE FARMS SUB DIV
- Kirtland Add
- Lakewood Ridge Preserve
- Leoni Twp
- Liberty Twp-Jackson
- Liberty Village
- Lincoln Court
- Little Olcott Waterfront
- Loomis Homewild Add 2
- LOT 65 THREE FORTY FARMS SUB NO 4
- Morningstar
- Napoleon Twp
- Northlands
- Oak Point
- Palmer’s Add.
- Park Woods Site Condo Developement
- Pierce’s Subdivision
- Pine Ridge
- Richardson Heights
- Ridgeway Subdivision
- River Glen
- Rives Twp
- Rolling Oaks Subdivision
- Sanctuary at Brill’s Lake
- Sanctuary at Brills Lake
- Shoemakers
- Shoemakers Add.
- Southfield Sub
- Southlands
- Spring Arbor Heights
- Spring Arbor Twp
- Spring Brook Estates
- Spring Mill
- STEWARD’S AMENDED ADD
- Stonegate Farms
- Stonegate Farms No 1
- Stonegate Farms No 3
- Stoneridge Meadows
- Stonewood
- Summit Glen
- Summit Twp
- Summitville Add
- Sunset Park
- SUPERVISOR’S LAKESIDE PLAT
- Tanglewood Subdivision No 2
- Terrace Hills
- The Natural
- The Preserve at Magnolia
- The Preserve of Magnolia Park
- Timber Meadows
- Twin Meadows
- Valleys
- Valleys Site Condo
- Village of Jacksonburg
- Village of Jacksonburgh
- Walden Woods
- Webb’s Add
- Webbs Add
- Webster & Harwood
- West Park
- Westfield Heights
- Whispering Woods
- Windemere
- Windham Hills
- Wyndham Hills
Similar Listings Nearby
Property Summary
- 504-506*** 1st Street Jackson MI is a Single Family for sale in Jackson, MI, 49203. It is listed for $1,100,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1930. The average price per square foot for Single Family listings in Jackson is $152. The average listing price for Single Family in Jackson is $281,633.
504-506*** 1st Street
Jackson, MI