Great investment opportunity. Four desirable, well planned rental units in two duplexes. Each unit has it's own sliding glass door to private patio. Located on a quiet street one block from schools, three blocks from Lake-of-the-Woods Village Beach and Park, and five blocks from downtown. Long term tenants. One building has a 1380 sq ft full basement. Cash flow from three of the units can generate enough income for a resident owner to live rent-free in the fourth unit.
Multi-familyProperty Type
1973Year Built
0.52 acresLot Size
$296Est. Price/Sq.Ft.
1 spaceParking
Listed by David Bruce Springsteen• Cressy & Everett Real Estate
Great investment opportunity. Four desirable, well planned rental units in two duplexes. Each unit has it's own sliding glass door to private patio. Located on a quiet street one block from schools, three blocks from Lake-of-the-Woods Village Beach and Park, and five blocks from downtown. Long term tenants. One building has a 1380 sq ft full basement. Cash flow from three of the units can generate enough income for a resident owner to live rent-free in the fourth unit.
REALCOMP #69020024420
Mar 9, 2021
Listing Removed
—
Mar 9, 2021
Sold
$145,000
$207/sq ft
Jan 8, 2021
Listing Removed
—
Jun 26, 2020
Listed
$188,000
$269/sq ft
SW Michigan MLS #16037196
Oct 4, 2016
Sold
$95,000
$136/sq ft
Aug 30, 2016
Pending
—
Jul 20, 2016
Listed
$109,900
$157/sq ft
REALCOMP #69016037196
Oct 4, 2016
Sold
$95,000
$136/sq ft
Jul 20, 2016
Listed
$109,900
$157/sq ft
SW Michigan MLS #16000136
Jul 1, 2016
Listing Removed
—
Jan 4, 2016
Listed
$119,900
$171/sq ft
REALCOMP #69016000136
Jun 30, 2016
Listing Removed
—
Jan 2, 2016
Listed
$119,900
$171/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
2
Baths
1
Stories
—
Lot width
150 ft.
Lot depth
150 ft.
Lot size
22,500
Year renovated
—
Sq. Ft.
700
Year built
1973
Style
Multi-Family (2-4 Unit)
County
Van Buren County
APN
—
Parking Spaces
1
Basement
No
Accessible
No
HOA Dues
—
Garage
No
Features
—
Last updated by owner on Aug 6, 2026.
Property details
Parking
Parking Information
Parking Total: 6
Parking Features: Paved
Garage Information
No Attached Garage
Interior
Heating & Cooling
Has Heating
Cooling: Window Unit(s)
Has Cooling
Heating: Forced Air, Baseboard, Electric, Natural Gas
Room Information
Basement: Crawl Space, Full
Multi-Unit Information
# Of Units Total: 4
Exterior
Building Information
Construction Materials: Aluminum Siding
Exterior Features
Year Built: 1973
Roof: Composition
Land Information
Road Surface Type: Paved
Lot Information
Lot Features: Sidewalk
Lot Size Acres: 0.52
Lot Size Area: 0.52
Lot Size Units: Acres
Property Information
Property Type: Multi-Family
Property Sub Type: 2 to 4 Units
Number Of Buildings: 2
Financial
Tax Information
Tax Year: 2019
Tax Annual Amount: $4,359
Tax Assessed Value: $65,331
Utilities
Utility Information
Sewer: Public Sewer
Location
School Information
High School District: Decatur
Location Information
Directions: M-51 to Phelps to Pine Street to Lee
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 700
Stories: —
Parking Spaces: 1
Basement: No
Accessible: No
Lot Size: 0.52 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1973
Year Renovated: —
County: Van Buren County
APN: —
HOA Dues: —
Garage: No
Features: —
Home facts updated by owner on Aug 6, 2026
Other
Documents & Disclosures
Documents Available: Lead Based Paint, Seller's Disclosure
Around this home
Schools
Davis Elementary School
Public K-5 • Assigned • 0.2mi
8/10
Decatur High School
Public 6-12 • Assigned • 0.1mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 100° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Decatur, MI • 49045
Average low and high temperatures (°F)
29
17
36
22
53
33
61
42
68
48
80
61
84
66
80
62
78
57
66
46
49
37
36
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.2 hours in
June and 2.7 hours in December, placing it below the
U.S. average for solar exposure.
10.2 hrs
2.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$197,000 – $239,000
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