Prime income-producing 11-unit multifamily in Jonesville -- rare small-town opportunity offering 10% CAP and strong upside for investors. Tenants pay utilities, improving net operating margins and simplifying owner expenses. The portfolio mix includes one-bedroom and two-bedroom units (ideal for long-term tenants and workforce housing), with a history of consistent occupancy through professional management and immediate rent growth potential through modest unit updates. Additional 10 unit portfolio is available as well (totaling 21 units). Contract REALTOR for information.
Sold
$499,000
213 Reading Ave, Jonesville, MI 49250
20beds
11baths
7,691sqft
5+ Units
Built in 1900
-- sqft lot
$466,500 Zestimate®
$65/sqft
$1,002 Estimated rent
Home value
$466,500
$443,000 - $490,000
$1,002/mo
Zestimate® history
Owner options
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$3,141/mo
Est. payment
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List your homeWhat's special
One-bedroom and two-bedroom units
Zillow last checked:
Listing updated:
Listed by:
Doug Beiswanger 517-914-9555,
Coldwell Banker Beiswanger Realty Group
Bought with:
Patrick Echlin, 6506049291
Jones Chance & Co
Source: MichRIC,MLS#: 26021894
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 11
Heating
- Forced Air
Cooling
- Window Unit(s)
Appliances
- Laundry: In Unit, Other
Features
- Basement: Crawl Space,Full
Interior area
- Total interior livable area: 7,691 sqft
Property
Parking
- Total spaces: 22
- Parking features: Aggregate, Driveway
Lot
- Size: 1.08 Acres
- Dimensions: 145 x 345
- Features: Cul-De-Sac, Sidewalk, Corner Lot
Details
- Parcel number: 21105001028
- Zoning description: Resd
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Vinyl Siding, Wood Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Utilities for property: Cable Available, Natural Gas Connected, Electricity Connected
Community & HOA
Community
- Subdivision: Supervisors Plat 2
Location
- Region: Jonesville
Financial & listing details
- Price per square foot: $65/sqft
- Tax assessed value: $236,305
- Annual tax amount: $15,100
- Date on market: 5/13/2026
- Listing terms: Cash,Conventional,Tax Def Exchange
- Tenant pays: Electricity, Water, Sewer, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Sold | $499,000$65/sqft |
Source:  MichRIC #26021894 Report a problem | ||
| 6/23/2026 | Pending sale | $499,000$65/sqft |
Source: MichRIC #26021894 Report a problem | ||
| 5/13/2026 | Listed for sale | $499,000+66.3%$65/sqft |
Source: MichRIC #26021894 Report a problem | ||
| 5/4/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/23/2023 | Listed for rent | $850+42.9% |
Source: Zillow Rentals Report a problem | ||
| 3/6/2023 | Listing removed | -- |
Source:  MiRealSource #40095265 Report a problem | ||
| 1/6/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 10/28/2021 | Listed for rent | $595 |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/9/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/27/2021 | Listed for rent | $595 |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/20/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/14/2021 | Listed for rent | $595 |
Source: Zillow Rental Network Premium Report a problem | ||
| 3/9/2021 | Sold | $300,000-14%$39/sqft |
Source: Public Record Report a problem | ||
| 2/22/2021 | Contingent | $349,000$45/sqft |
Source:  JAAR #202002397 Report a problem | ||
| 1/29/2021 | Listed for sale | $349,000$45/sqft |
Source:  Realcomp II #55202002397 Report a problem | ||
| 1/21/2021 | Listing removed | -- |
Source: Realcomp II #55202002397 Report a problem | ||
| 11/19/2020 | Contingent | $349,000$45/sqft |
Source: MiRealSource #40095265 Report a problem | ||
| 11/19/2020 | Pending sale | $349,000$45/sqft |
Source: Sterling Realty Group LLC #202002397 Report a problem | ||
| 8/25/2020 | Listed for sale | $349,000$45/sqft |
Source: Sterling Realty Group LLC #202002397 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,325 -20% | $250,100 +9.1% |
| 2024 | $17,907 +5% | $229,200 -28.4% |
| 2023 | $17,062 | $320,200 +17.5% |
| 2022 | -- | $272,600 +5.5% |
| 2021 | $9,655 +2.8% | $258,300 +5.3% |
| 2020 | $9,395 +10% | $245,400 +10.4% |
| 2019 | $8,539 +3.3% | $222,300 +15.7% |
| 2018 | $8,263 +0.9% | $192,200 +4.5% |
| 2017 | $8,192 +125.8% | $184,000 +7.6% |
| 2016 | $3,628 | $170,970 |
| 2015 | $3,628 | $170,970 |
Find assessor info on the county website
Neighborhood: 49250
Nearby homes
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Nearby schools
GreatSchools rating
- 6/10Williams Elementary SchoolGrades: K-5Distance: 0.8 mi
- 5/10Jonesville Middle SchoolGrades: 6-8Distance: 0.7 mi
- 8/10Jonesville High SchoolGrades: 9-12Distance: 1.1 mi
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- Michigan
- Hillsdale County
- Jonesville
- 49250
- 213 Reading Ave
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