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  • $590,000

    121 E Michigan St, New Buffalo, MI 49117

    7beds
    6baths
    2,588sqft
    : 
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    2 to 4 Units
    Built in 1955
    -- sqft lot
    $540,900 Zestimate®
    $228/sqft
    $-- HOA

    What's special

    Side circle parkingPrivate backyardUpdated electricalFour-season roomThree bedroomsRavine views
    Exceptional income-producing opportunity in the heart of New Buffalo! This triplex features three units, each with private entrances and individual electric and water services, allowing for efficient management and tenant-paid utilities. All units are currently leased month-to-month, providing immediate income with the ability to adjust rents or reposition. The first unit lives like a single-family home with three bedrooms, 1.5 baths, a four-season room, private backyard, and side circle parking. Unit two includes one bedroom, one bath, updated electrical, and an unfinished basement with a second full bath and potential for additional living space. The third unit offers ravine views, one bedroom and one bath on the main level, plus a finished lower level with bedroom, bath, and separate entrance. Current rents are below market, presenting a clear value-add opportunity to increase income and improve overall return. Located minutes from beach, and all downtown amenities.
    80 days
    |
    869
    |
    47
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    James Garrison 269-612-7013,

    Keller Williams Realty SWM 269-469-2911,

    Katie Kupsik-Garrison 219-895-6091,

    Keller Williams Realty SWM

    Source: MichRIC,MLS#: 26018412MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 6
      Heating
      • Forced Air
      Cooling
      • Window Unit(s)
      Features
      • Basement: Full,Michigan Basement,Partial
      Interior area
      • Total interior livable area: 2,588 sqft

      Property

      Parking
      • Total spaces: 6
      Lot
      • Size: 6,098 Square Feet
      • Dimensions: 87 x 132
      • Features: Ravine, Level
      Details
      • Parcel number: 116267500137006

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: 2 to 4 Units
      Materials
      • Wood Siding
      • Roof: Composition
      Condition
      • New construction: No
      • Year built: 1955

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected

      Community & HOA

      Location
      • Region: New Buffalo

      Financial & listing details

      • Price per square foot: $228/sqft
      • Tax assessed value: $115,656
      • Annual tax amount: $5,142
      • Date on market: 4/28/2026
      • Listing terms: Cash,Conventional
      • Tenant pays: Electricity, Water, Gas
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        $540,900

        $514,000 - $568,000

        $1,896/mo

        Price history

        DateEventPrice
        4/28/2026Listed for sale$590,000$228/sqft
        Source: MichRIC #26018412 Report a problem
        12/19/2025Listing removed$590,000$228/sqft
        Source: MichRIC #24028264 Report a problem
        5/29/2025Price change$590,000-1%$228/sqft
        Source: MichRIC #24028264 Report a problem
        4/18/2025Listed for sale$596,000$230/sqft
        Source: MichRIC #24028264 Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        4/23/2018Listing removed$1,000
        Source: Owner Report a problem
        3/10/2018Listed for rent$1,000
        Source: Owner Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,142 +1.6%$245,500 +24.3%
        2024$5,058 $197,500 -4.7%
        2023-- $207,200 +24.8%
        2022$4,567 $166,000 -8.2%
        2021-- $180,800 +21.3%
        2020$4,455 +2.4%$149,000 +36.1%
        2019$4,351 -1.1%$109,500 -1.3%
        2018$4,398 +1.9%$110,900 -3.5%
        2017$4,316 +0.3%$114,900 +0.1%
        2016$4,304 +48%$114,800 +27.4%
        2015$2,909 $90,100 -0.9%
        2014-- $90,900 -1%
        2013-- $91,800 +0.5%
        2012-- $91,300 +6.5%
        2011-- $85,700 -7.5%
        2010-- $92,600 -25.3%
        2009-- $124,000 +11.3%
        2008-- $111,400 -0.4%
        2007-- $111,900 +39.7%
        2006-- $80,100 +10.9%
        2005-- $72,200 +11.1%
        2004-- $65,000 +1.7%
        2003-- $63,930 +27.4%
        2002-- $50,200 +2.2%
        2001-- $49,100
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 49117

        Getting around

        46 / 100
        Car-Dependent
        62 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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