Sold

$200,000

407 S Michigan Ave, Big Rapids, MI 49307

7beds

2baths

--sqft

2 to 4 Units

Built in 1920

-- sqft lot

$224,600 Zestimate^®

$--/sqft

$1,347 Estimated rent

Home value

$224,600

$200,000 - $249,000

$1,347/mo

Zestimate^® history

Owner options

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$1,347/mo

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$1,347/mo

Rent Zestimate^®

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$1,323/mo

Est. payment

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$1,323/mo

Est. payment

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What's special

7-Bedroom Investment Opportunity Near FSU! This spacious 7-bedroom, 2-bath home offers strong rental potential with a history of reliable income. Located just steps from Ferris State University, it's an ideal option for student housing or a large rental property. The main floor is a spacious, freshly updated 4 bedroom unit, and the upstairs is currently setup as a 3 bedroom unit with a living room that has been a 4th room in the past. Both units are fully rented and will cash flow from day one. With its prime location, size, and updates, this property is a rare find for investors or anyone looking to tap into the demand for campus-area housing.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 2

Heating

Forced Air

Appliances

Laundry: Main Level, Upper Level

Features

Basement: Full

Property

Parking

Total spaces: 7
Parking features: Asphalt, Driveway

Lot

Size: 7,405 Square Feet
Dimensions: 50 x 150
Features: Level

Details

Parcel number: 541714153003
Zoning description: R-2

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Vinyl Siding
Roof: Composition

Condition

New construction: No
Year built: 1920

Utilities & green energy

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

Community & HOA

Location

Region: Big Rapids

Financial & listing details

Tax assessed value: $67,387
Annual tax amount: $5,169
Date on market: 8/25/2025
Listing terms: FHA,Cash,Conventional
Tenant pays: Electricity, Water, Sewer, Gas
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
11/12/2025	Sold	$200,000-16.3%
Source: MichRIC #25043192 Report a problem
8/25/2025	Listed for sale	$239,000+88.2%
Source: MichRIC #25043192 Report a problem
12/17/2019	Sold	$127,000-9.2%
Source: Public Record Report a problem
10/17/2019	Listed for sale	$139,900
Source: Crossroads Realty of Michigan #19050991 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,313 +1780.7%	$87,300 +11.4%
2024	$389 -89%	$78,400 +8.9%
2023	$3,542 +5.6%	$72,000 +16.9%
2022	$3,355	$61,600 +4.8%
2021	--	$58,800 +3.9%
2020	--	$56,600 +12.3%
2019	--	$50,400 +31.6%
2018	--	$38,300 +1.6%
2017	--	$37,700 +10.2%
2016	--	$34,200 +3.3%
2014	--	$33,100 -4.3%
2013	--	$34,600 -5.2%
2012	--	$36,500 -1.1%
2011	--	$36,900 -8.2%
2010	--	$40,200 -12.4%
2009	--	$45,900 -4.8%
2008	--	$48,200 +9.5%
2007	--	$44,000
2006	--	$44,000 +0.9%
2005	--	$43,600 +17.8%
2004	--	$37,000 -5.1%
2003	--	$39,000