Date
Details
Price
Change
Source
6/19/2026
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/91
$1,100,000
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1/91
Property Description
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.
Full Property Details
Full Property Details for 504-506*** 1st St
General
- Price: $1,100,000
- Taxes: $1,753
- Status: Active
- Type: Single Family
- Source: SWMRIC_MLS
- MLS ID: 26030627
- Updated: 7/1/2026
- Added to Site: 21 day(s) ago
Rooms
Other Rooms
- Laundry: Gas Dryer Hookup, In Basement, Washer Hookup
Parking
- Total Spaces: 12
- Parking Features: Asphalt, Driveway
Location
- County: Jackson
- Cross Streets: Franklin & Mason
Heating & Cooling
- Heating Type: Baseboard, Radiant
Utilities
- Sewer: Public Sewer
- Utility Description: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Structural Information
- # Buildings: 2
- Construction: Wood Siding, Other
- Basement: Yes
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.19
- Lot Size (Sq. Ft.): 8,276
- Lot Dimensions: 62 x 135
Financial Considerations
- Tax Amount: $1,753
- Terms: Cash, Conventional
- Landlord Pays: Trash Collection, Water, Sewer
- Tenant Pays: Electricity, Gas
Disclosures and Reports
- Legal Description: LOT 4 BLK 8 LIVERMORE WOOD & EATON'S ADD
- Property ID: 3-000700000 & 3-000800000
Listed by ERA Reardon Realty, L.L.C., Jennifer Chmielewski
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Listing agent
— 504-506*** 1st St —
Jennifer Chmielewski
ERA Reardon Realty, L.L.C.
NMLS#: 1598647
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Price & Sales History for 504-506*** 1st St
Tax History
Tax History for 504-506*** 1st St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,516
—
$102,100
12%
2025
$1,516
-3%
$91,100
3%
2022
$1,567
—
$88,300
5%
2022
$1,567
—
$84,300
64%
2022
$1,567
2%
$51,400
13%
2020
$1,531
—
$45,650
25%
2020
$1,531
3%
$36,550
9%
2019
$1,490
5%
$33,550
11%
2018
$1,421
9%
$30,100
18%
2017
$1,303
2%
$25,500
3%
2016
$1,278
2%
$24,800
6%
2015
$1,252
2%
$23,350
18%
2014
$1,225
-22%
$19,750
-23%
2013
$1,562
—
$25,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 504-506*** 1st St
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- Single Family
- Active
- Updated 17 hours ago
- 3Beds
- 3Total Baths
- 1,625Sq. Ft.
- Single Family
- Active
- Updated 18 hours ago
- 3Beds
- 2Total Baths
- 1,647Sq. Ft.
- Single Family
- Active
- Updated 18 hours ago
- 2Beds
- 1Total Bath
- 1,008Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 4,362Sq. Ft.
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 4Total Baths
- 2,687Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 2Total Baths
- 1,561Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 2Beds
- 1Total Bath
- 1,200Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,660Sq. Ft.
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504-506*** 1st Street, Jackson, MI 49203 (MLS# 26030627) is a Single Family property with 0 bedrooms and 0 full bathrooms. 504-506*** 1st Street is currently listed for $1,100,000 and was received on June 19, 2026. Want to learn more about 504-506*** 1st Street? Do you have questions about finding other Single Family real estate for sale in Jackson? You can browse all Jackson real estate or contact a Coldwell Banker agent to request more information.