For sale

$164,000

242 S East St, Vassar, MI 48768

5beds

1,986sqft

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Multi Family

Built in 1950

-- sqft lot

$-- Zestimate^®

$83/sqft

$-- HOA

What's special

Corner lotNewer windows downstairsCement drivewayShed included

Income Producing Property! Updated 2 story home on a corner lot. Utilities paid by tenants. Updates include plumbing & electrical, fresh paint, flooring, outlet covers and some light fixtures updated in the main floor unit. Cement driveway. Shed included. Newer windows downstairs and a mix upstairs. Main apartment has 1250 sq feet, has 1-1/2 bath, and 3 bedrooms. The upstairs has 736 sq feet, 2 bedrooms and 1 bathroom. Estimated rent based on market is $750/month for the upper level & receiving $1009/mo for the bottom apartment with a gross yearly income of $21,108. Can be financed FHA & VA as long as the buyer is living in one unit. Warranty negotiable.

165 days

393

18

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Heating

Wall Furnace, Forced Air

Cooling

Ceiling Fan(s), Central Air

Appliances

Laundry: First Floor Laundry

Features

Basement: Block,Crawl Space
Has fireplace: No

Interior area

Total structure area: 1,986
Total interior livable area: 1,986 sqft

Property

Features

Levels: Two
Stories: 2
Frontage length: 70

Lot

Size: 0.25 Acres
Dimensions: 170 x 70

Details

Parcel number: 051500129100000
Zoning description: Residential
Special conditions: Private

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Foundation: Basement

Condition

Year built: 1950

Utilities & green energy

Gas: Natural Gas
Sewer: Public Sanitary
Water: Public

Community & HOA

Community

Subdivision: Original City Of Vassar

Location

Region: Vassar

Financial & listing details

Price per square foot: $83/sqft
Tax assessed value: $128,000
Annual tax amount: $3,768
Date on market: 1/30/2026
Cumulative days on market: 145 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,FHA
Total actual rent: 1759

Estimated market value

Not available

Estimated sales range

Not available

$1,063/mo

Price history

Date	Event	Price
4/10/2026	Price change	$164,000-3%$83/sqft
Source: MiRealSource #50198511 Report a problem
3/24/2026	Price change	$169,000-1.5%$85/sqft
Source: MiRealSource #50198511 Report a problem
2/20/2026	Listed for sale	$171,500$86/sqft
Source: MiRealSource #50198511 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,582 +54%	$64,000 +14.1%
2024	$1,027 -29.9%	$56,100 +10%
2023	$1,466 +54.8%	$51,000 +33.5%
2022	$947	$38,200 -3.3%
2021	--	$39,500 +1%
2020	--	$39,100 -6%
2019	--	$41,600 +14.3%
2018	$850	$36,400 -0.5%
2017	--	$36,600 +8%
2016	--	$33,900 +1.5%
2015	$8	$33,400 +4%
2014	$8	$32,100
2013	--	$32,100

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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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