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For sale
    • $395,000

    118 E State St, Fife Lake, MI 49633

    6beds
    3baths
    3,216sqft
    : 
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    Multi Family
    Built in 1890
    -- sqft lot
    $383,500 Zestimate®
    $123/sqft
    $-- HOA

    What's special

    Lake viewsOverlooking fife lakeExpansive deckRemarkable view
    Built in 1886 overlooking Fife Lake, this historic triplex offers lake views, income potential, and the opportunity to create something special. The expansive deck enjoys year-round views of Fife Lake, a popular Northern Michigan all-sports lake known for boating, fishing, and year-round recreation. It is the kind of setting that keeps visitors coming back season after season. Currently configured as three rental units, the property offers flexibility for investors, seasonal rental operators, or buyers looking to restore a piece of local history. Originally constructed as a mercantile building before evolving into a residence and later a triplex, the property has adapted to changing needs for nearly 140 years and is ready for its next chapter. With current rental rates below market and all three units offering seasonal rental potential, there are multiple paths to increasing value. Whether your goal is short-term rentals, long-term income, or a thoughtful restoration, the opportunity is clear. At less than $133,000 per unit, opportunities like this are becoming increasingly difficult to find. This is not a turnkey property, but for buyers willing to roll up their sleeves, it offers a remarkable view, easy access to the lake, and the chance to create significant value through vision, patience, and effort. The neighboring property may also be available. Ask for details.
    27 days
    |
    1,323
    |
    54
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Carole Higgins 231-633-2577,

    Cygnus Real Estate 231-994-3225

    Source: NGLRMLS,MLS#: 1946582MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 3
      Heating
      • Hot Water, Baseboard, Natural Gas, Fireplace(s)
      Appliances
      • Included: Refrigerator, Oven/Range, Dishwasher, Washer, Dryer, Gas Water Heater
      Features
      • Kitchen Island, Other, Ceiling Fan(s), High Speed Internet, Cable TV
      • Basement: Michigan Basement
      • Has fireplace: Yes
      Interior area
      • Total structure area: 3,216
      • Total interior livable area: 3,216 sqft

      Property

      Parking
      • Parking features: Assigned, Paved, Alley Access, None, RV Access/Parking
      • Has uncovered spaces: Yes
      • Details: RV Parking, Assigned Parking Spaces
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck, Patio, Multi-Level Decking
      • Exterior features: Garden
      • Has view: Yes
      • View description: Water
      • Water view: Water
      • Waterfront features: Lake, All Sports, Sandy Bottom, Sandy Shoreline, Near Pub.Access w/in 500'
      Lot
      • Size: 4,791 Square Feet
      Details
      • Additional structures: None
      • Parcel number: 4107003100
      • Zoning description: Residential
      • Other equipment: Dish TV

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other,Victorian
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Frame, Vinyl Siding, Other
      • Foundation: Slab
      • Roof: Asphalt,Metal/Steel
      Condition
      • Fixer
      • New construction: No
      • Year built: 1890

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Private
      Green energy
      • Energy efficient items: Not Applicable
      • Water conservation: Not Applicable

      Community & HOA

      Community
      • Features: None
      • Subdivision: Village of Fife Lake
      Location
      • Region: Fife Lake

      Financial & listing details

      • Price per square foot: $123/sqft
      • Tax assessed value: $48,374
      • Annual tax amount: $1,537
      • Price range: $395K - $395K
      • Date on market: 6/15/2026
      • Cumulative days on market: 28 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Conventional,Cash
      • Ownership type: Private Owner
      • Lease term: Not For Lease
      • Total actual rent: 2275
      • Road surface type: Asphalt

        Estimated market value

        $383,500

        $364,000 - $403,000

        $2,018/mo

        Price history

        DateEventPrice
        6/15/2026Listed for sale$395,000+299%$123/sqft
        Source: NGLRMLS #1946582 Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        11/6/2017Listing removed$875
        Source: Owner Report a problem
        10/7/2017Listed for rent$875
        Source: Owner Report a problem
        1/26/2015Sold$99,000-20.1%$31/sqft
        Source: Agent Provided Report a problem
        8/8/2014Listed for sale$123,900-0.8%$39/sqft
        Source: Coldwell Banker Schmidt REALTORS #1788877 Report a problem
        4/6/2013Listing removed$124,900$39/sqft
        Source: Coldwell Banker Schmidt, Realtors #1732929 Report a problem
        6/27/2011Price change$124,900-15.6%$39/sqft
        Source: Schmidt, Realtors #1722757 Report a problem
        11/20/2010Listed for sale$147,900+84.9%$46/sqft
        Source: Coldwell Banker Schmidt REALTORS #1717430 Report a problem
        9/7/1999Sold$80,000$25/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,537 +4%$190,200 +17%
        2024$1,477 +4.7%$162,600 +21.1%
        2023$1,411 +3.5%$134,300 +204.5%
        2022$1,364 -42%$44,100 +7%
        2021$2,351 $41,200 -1.2%
        2020-- $41,700 +0.7%
        2019-- $41,400 -7%
        2018-- $44,500 -2%
        2017-- $45,400 -0.9%
        2016-- $45,800 +5%
        2014-- $43,600 -1.6%
        2012-- $44,300
        2011-- --
        2010-- $59,100 +10.5%
        2009-- $53,500
        2008-- $53,500 +2.1%
        2007-- $52,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 49633

        Getting around

        32 / 100
        Car-Dependent
        33 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Forest Area Community Schools

        Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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