Turn-key fully occupied 12 unit rental portfolio with proven income generation ready for new ownership. Incredible investment opportunity with a lucrative 7.2% CAP rate! Fully occupied (photos are from when units were renovated.) Three well maintained multifamily properties containing 12 total units in the heart of Mount Pleasant are being sold TOGETHER as one package deal. Located within walking distance of Central Michigan University, these properties offer an excellent opportunity for student rentals and investment potential. 109 W. Illinois St. (170000049400) offers 5 units, 304 S. Main St. (170000049300) offers 4 units, and 433 S. Washington St. (170000202900) offers 3 units. All three properties are ideally located near CMU, restaurants, shopping and public transit, and have a strong historical record of full occupancy, making this a compelling opportunity for investors seeking an established multifamily portfolio.
For sale
$934,900
304 S Main St, Mount Pleasant, MI 48858
15beds
8,337sqft
Multi Family
Built in 1879
-- sqft lot
$-- Zestimate®
$112/sqft
$-- HOA
What's special
- 37 days
- 178
- 9
Zillow last checked:
Listing updated:
Listed by:
Stephan Brochu 810-397-5343,
RE/MAX Platinum - Grand Blanc 810-695-4111
Source: Realcomp II,MLS#: 20261071088
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 12
- Full bathrooms: 12
Heating
- Forced Air, Natural Gas
Features
- High Speed Internet
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 8,337 sqft
- Finished area above ground: 8,337
Property
Parking
- Parking features: Lighted, Parking Lot
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Porch
- Exterior features: Lighting
- Pool features: None
- Fencing: Fencing Allowed
Lot
- Size: 0.5 Acres
- Dimensions: 96 x 100 x Irregular
Details
- Additional structures: Sheds Allowed
- Parcel number: 170000049300
- Zoning description: Commercial, MultiFamily, Residential
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman,Quadruplex,Triplex,Upper Lower Apartment
- Property subtype: Multi Family
Materials
- Brick, Vinyl Siding
- Foundation: Basement, Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1879
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Features: Sidewalks
- Security: Smoke Detectors
Location
- Region: Mount Pleasant
Financial & listing details
- Price per square foot: $112/sqft
- Tax assessed value: $263,606
- Annual tax amount: $16,606
- Date on market: 9/3/2026
- Cumulative days on market: 37 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Exclusions: Exclusion(s) Do Not Exist
Estimated market value
Not available
Estimated sales range
Not available
$1,074/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Listed for sale | $934,900+7.6%$112/sqft |
Source:  Realcomp II #20261071088 Report a problem | ||
| 3/21/2026 | Listing removed | $869,000$104/sqft |
Source:  MichRIC #25048544 Report a problem | ||
| 1/12/2026 | Price change | $869,000+24.3%$104/sqft |
Source: MichRIC #25048544 Report a problem | ||
| 9/21/2025 | Listed for sale | $699,000-0.1%$84/sqft |
Source: MichRIC #25048544 Report a problem | ||
| 7/29/2025 | Listing removed | $699,900$84/sqft |
Source: Realcomp II #20250005659 Report a problem | ||
| 1/28/2025 | Listed for sale | $699,900$84/sqft |
Source: Realcomp II #20250005659 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $111,200 -3.9% |
| 2024 | $5,628 | $115,700 +11.4% |
| 2023 | -- | $103,900 +4.5% |
| 2022 | -- | $99,400 +2.1% |
| 2021 | -- | $97,400 +8.1% |
| 2020 | -- | $90,100 +13.8% |
| 2018 | $4,815 | $79,200 +2.9% |
| 2017 | $4,815 +0.5% | $77,000 +1% |
| 2016 | $4,793 | $76,200 +1.1% |
| 2015 | -- | $75,400 +0.9% |
| 2014 | -- | $74,700 -4.7% |
| 2011 | -- | $78,400 +0.5% |
| 2010 | -- | $78,000 +11.3% |
| 2003 | -- | $70,100 |
Find assessor info on the county website
Monthly payment
Est. payment
