For sale

Price cut: $25K (8/6)

$325,000

301 Nicholas Ave, Palmer, MI 49871

8beds

3,072sqft

$2,339/mo

Get pre-qualified

Multi Family

Built in 1965

-- sqft lot

$314,200 Zestimate^®

$106/sqft

$-- HOA

What's special

Indoor storage spaces

This well-maintained four-unit apartment building in Palmer offers a strong rental history and consistent occupancy, making it an attractive addition to an investment portfolio. Each unit features two bedrooms and one full bathroom, with recent updates to the bathrooms and flooring. All four units are currently occupied under year-long leases at $850 per month, with tenants responsible for their own electric service. A coin-operated laundry area in the basement provides added convenience, while indoor storage spaces offer tenants extra room for their belongings. Palmer is a small community known for its welcoming atmosphere and neighborly feel, while also offering convenient proximity to a major area employer. With steady income potential and practical tenant features, this fully occupied property presents an appealing investment opportunity with an established rental history.

36 days

382

21

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Forced Air

Cooling

None

Appliances

Included: Dryer, Range/Oven, Refrigerator, Washer

Features

Basement: Full
Has fireplace: No

Interior area

Total structure area: 3,072
Total interior livable area: 3,072 sqft

Property

Features

Levels: Two
Stories: 2
Waterfront features: None

Lot

Size: 0.26 Acres
Dimensions: 100 x 150 x 50 x 75 x 50 x 75

Details

Parcel number: 521321300500

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding, Brick
Foundation: Basement

Condition

Year built: 1965

Utilities & green energy

Gas: Natural Gas
Sewer: Public Sanitary
Water: Public
Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: N/A

Location

Region: Palmer

Financial & listing details

Price per square foot: $106/sqft
Tax assessed value: $144,400
Annual tax amount: $3,661
Date on market: 7/17/2026
Cumulative days on market: 36 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Ownership type: LLC
Total actual rent: 3400

Estimated market value

$314,200

$298,000 - $330,000

$2,742/mo

Price history

Date	Event	Price
8/6/2026	Price change	$325,000-7.1%$106/sqft
Source: MiRealSource #50215315 Report a problem
7/17/2026	Listed for sale	$350,000$114/sqft
Source: MiRealSource #50215315 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,661 +45.5%	$72,200 -1.6%
2024	$2,516 +308%	$73,400 +19.2%
2023	$617 -72.3%	$61,600 +12.4%
2022	$2,230 +3.3%	$54,800 +6%
2021	$2,158 +2.8%	$51,700 +14%
2019	$2,099	$45,350 -1.5%
2018	--	$46,050 -3.9%
2017	--	$47,900 -13.4%
2016	--	$55,296
2015	--	$55,296 +3.1%
2014	--	$53,650
2012	--	$53,650 +2.5%
2011	--	$52,350
2010	--	$52,350