Well-maintained 3 unit rental property in a great location. Rental income totals $2,050 a month. Close to all city amenities, downtown, beaches, riverwalk, stores. Located on a small lot for minimal yard maintenance. Property was a single-family home years ago, and was converted into 3 units (a 2 bedroom on the main level, and two 1 bedroom apartments upstairs). New roof in 2015. Many updates in the last 5-7 yrs including soffit, facia, painting, carpeting, linoleum, back deck and front porch. Added bonus, off street parking. Occupy the lower larger unit and rent the others to pay your costs! Owner pays Water for all units, and Unit 3's energy bill (DTE). The water bill is about $75 and the gas bill for unit 3 is about $20. Units 2-3 pay their own gas. All Tenants pay their own electricity. This is a great investment opportunity for someone looking to expand their rental portfolio.
Well-maintained 3 unit rental property in a great location. Rental income totals $2,050 a month. Close to all city amenities, downtown, beaches, riverwalk, stores. Located on a small lot for minimal yard maintenance. Property was a single-family home years ago, and was converted into 3 units (a 2 bedroom on the main level, and two 1 bedroom apartments upstairs). New roof in 2015. Many updates in the last 5-7 yrs including soffit, facia, painting, carpeting, linoleum, back deck and front porch. Added bonus, off street parking. Occupy the lower larger unit and rent the others to pay your costs! Owner pays Water for all units, and Unit 3's energy bill (DTE). The water bill is about $75 and the gas bill for unit 3 is about $20. Units 2-3 pay their own gas. All Tenants pay their own
REALCOMP #67021032448
Aug 23, 2021
Sold
$175,000
Jul 15, 2021
Contingent
—
Jul 14, 2021
Listed
$175,000
Well-maintained 3 unit rental property in a great location. Rental income totals $2,050 a month. Close to all city amenities, downtown, beaches, riverwalk, stores. Located on a small lot for minimal yard maintenance. Property was a single-family home years ago, and was converted into 3 units (a 2 bedroom on the main level, and two 1 bedroom apartments upstairs). New roof in 2015. Many updates in the last 5-7 yrs including soffit, facia, painting, carpeting, linoleum, back deck and front porch. Added bonus, off street parking. Occupy the lower larger unit and rent the others to pay your costs! Owner pays Water for all units, and Unit 3's energy bill (DTE). The water bill is about $75 and the gas bill for unit 3 is about $20. Units 2-3 pay their own gas. All Tenants pay their ownelectricity. This is a great investment opportunity for someone looking to expand their rental portfolio.
Greater Lansing AoR #1332258
Dec 6, 2019
Sold
$130,000
Oct 18, 2019
Listed
$129,900
REALCOMP #78001332258
Dec 6, 2019
Sold
$130,000
Oct 18, 2019
Listed
$129,900
Greater Lansing AoR #1332529
Jun 25, 2016
Listing Removed
—
REALCOMP #67015033437
Jun 25, 2016
Listing Removed
—
Jun 25, 2015
Listed
$89,900
REALCOMP #78001332529
Jun 25, 2016
Listing Removed
—
Jun 25, 2015
Listed
$89,900
SW Michigan MLS #13001907
Dec 29, 2014
Listing Removed
—
Jan 5, 2013
Listed
$79,900
Year
Property tax
Land + Additions
Assessment*
2025
$2,830 (−42.4%)
2024
$4,911 (+6.7%)
2023
$4,602 (+4.9%)
2022
$4,385 (+36.6%)
2021
$3,211 (+5.7%)
2020
$3,038 (+27.1%)
2019
$2,389 (+2.1%)
2018
$2,341 (+2.1%)
2017
$2,293 (−1.0%)
2016
$2,317 (+50.3%)
2015
$1,542 (−14.6%)
2014
$1,805 (−0.3%)
2013
$1,810
Tax history for 388 3rd St
Year
Property tax
Land + Additions
Assessment*
2025
$2,830 (−42.4%)
2024
$4,911 (+6.7%)
2023
$4,602 (+4.9%)
2022
$4,385 (+36.6%)
2021
$3,211 (+5.7%)
2020
$3,038 (+27.1%)
2019
$2,389 (+2.1%)
2018
$2,341 (+2.1%)
2017
$2,293 (−1.0%)
2016
$2,317 (+50.3%)
2015
$1,542 (−14.6%)
2014
$1,805 (−0.3%)
2013
$1,810
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
5,137 Sq. Ft.
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Single Family Residential
County
Manistee County
APN
51-574-712-06
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 15, 2026.
Sep 20, 2010 • Final
Building
Remodel
Dec 30, 2002 • Final
Building
Addition
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Total: 3
Parking Features: Driveway, Gravel
Garage Information
No Attached Garage
Interior
Heating & Cooling
Has Heating
Heating: Forced Air, Natural Gas
Room Information
Basement: Full
Exterior
Exterior Features
Year Built: 1900
Roof: Composition
Land Information
Road Surface Type: Paved
Lot Information
Lot Size Acres: 0.0
Lot Size Area: 0.0
Lot Size Units: Acres
Property Information
Property Type: Multi-Family
Property Sub Type: 2 to 4 Units
Number Of Buildings: 1
Financial
Tax Information
Tax Year: 2015
Tax Annual Amount: $2,154
Tax Assessed Value: $51,916
Utilities
Utility Information
Sewer: Public Sewer
Location
Multi-Unit Information
# Of Units Total: 3
School Information
High School District: Manistee
Location Information
Directions: US 31 in the City of Manistee to Third Street turn West to sign on the North side of the road
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 5,137 square feet
Style: Single Family Residential
Year Built: —
Year Renovated: —
County: Manistee County
APN: 51-574-712-06
Home facts updated by county records on Oct 15, 2026
Around this home
Schools
K - 12
Preschool & daycare
John F. Kennedy Elementary School
Public 3-5 • Assigned • 2.1mi
5/10
Manistee High School
Public 6-12 • Assigned • 0.9mi
7/10
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
1/10 Heat Factor
7 days above 93° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Manistee, MI • 49660
Average low and high temperatures (°F)
28
17
32
19
44
28
54
35
61
40
74
57
78
63
76
59
71
54
62
45
47
35
33
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.7 hours in
June and 2.5 hours in December, placing it below the
U.S. average for solar exposure.