Active

$229,000

108 E Exchange St, Gobles, MI 49055

3beds

3baths

1,400sqft

$1,749/mo

Get pre-qualified

2 to 4 Units

Built in 1900

-- sqft lot

$-- Zestimate^®

$164/sqft

$-- HOA

What's special

Vinyl sidingMetal roofReplacement windows

Great investment opportunity in quiet location next to the Post Office in downtown Gobles. Excellent cash flow opportunity with three 1-bedroom units that have split utilities, so the tenants pay gas and electric. Low maintenance with metal roof, vinyl siding, replacement windows, 3 new water heaters, furnace in unit 1 is 4 years old and the current owner has added a washer and dryer in each unit. Each unit has access to a deck to relax on and there is ample parking in front and in back.

22 days
338
14

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3

Heating

Forced Air

Cooling

Window Unit(s)

Features

Basement: Michigan Basement,Partial

Interior area

Total interior livable area: 1,400 sqft

Property

Parking

Total spaces: 5
Parking features: Aggregate, Driveway

Lot

Size: 871 Square Feet
Dimensions: 100 x 76
Features: Sidewalk, Corner Lot

Details

Parcel number: 805120600100

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Vinyl Siding
Roof: Metal

Condition

New construction: No
Year built: 1900

Utilities & green energy

Sewer: Septic Tank
Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected

Community & HOA

Location

Region: Gobles

Financial & listing details

Price per square foot: $164/sqft
Tax assessed value: $47,472
Annual tax amount: $3,277
Date on market: 9/28/2026
Listing terms: VA Loan,FHA,Cash,Conventional
Tenant pays: Electricity, Gas
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/28/2026	Listed for sale	$229,000+83.2%$164/sqft
Source: MichRIC #26051544 Report a problem
3/9/2026	Listing removed	$900$1/sqft
Source: Zillow Rentals Report a problem
1/30/2026	Listed for rent	$900+5.9%$1/sqft
Source: Zillow Rentals Report a problem
10/1/2024	Listing removed	$850$1/sqft
Source: Zillow Rentals Report a problem
9/18/2024	Listed for rent	$850+6.3%$1/sqft
Source: Zillow Rentals Report a problem
8/6/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
8/4/2022	Listed for rent	$800$1/sqft
Source: Zillow Rental Manager Report a problem
5/11/2022	Sold	$125,000-3.8%$89/sqft
Source: MichRIC #22010147 Report a problem
4/8/2022	Pending sale	$129,900$93/sqft
Source: MichRIC #22010147 Report a problem
4/1/2022	Price change	$129,900-3.8%$93/sqft
Source: MichRIC #22010147 Report a problem
3/29/2022	Listed for sale	$135,000$96/sqft
Source: MichRIC #22010147 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,086 +6.9%	$70,400 +21.4%
2024	$2,887 +26%	$58,000 +35.8%
2023	$2,291	$42,700 +4.9%
2022	--	$40,700 +3%
2021	--	$39,500 +19.3%
2020	--	$33,100 +2.8%
2018	--	$32,200 -10.1%
2017	$924 +17.4%	$35,800 +5%
2016	$787 +1.2%	$34,100
2015	$778 +1.9%	$34,100 +12.2%
2014	$764	$30,400 +5.6%
2013	--	$28,800 -3.4%
2012	--	$29,800 +2.8%
2011	--	$29,000 -13.7%
2010	--	$33,600 -7.4%
2009	--	$36,300 -7.6%
2008	--	$39,300 +9.8%
2007	--	$35,800 +8.5%
2006	--	$33,000 +4.4%
2005	--	$31,600 +44.3%
2004	--	$21,900 +9.5%
2003	--	$20,000 -34%
2002	--	$30,300 +5.2%
2001	--	$28,800