Investment Opportunity in Downtown East Tawas! This property boasts (5) 1 bedroom, 1 bathroom units, and offers an excellent opportunity for investors looking to establish or expand their real estate portfolio in the heart of the East Tawas area. All five units are currently under lease, generating a gross monthly rental income of $4,400, or $52,800 annually. Situated near downtown East Tawas, the property offers convenient access to local shops, restaurants, entertainment, parks, and the beautiful shores of Lake Huron. The Tawas area is a popular destination for both year-round residents and seasonal visitors, offering small-town charm, outdoor recreation, and a vibrant downtown atmosphere. With five leased rental units, this property offers multiple income streams and immediate rental income for its next owner. Its location near shopping, dining, beaches, and everyday conveniences adds to its appeal as a rental property. Whether you're an experienced investor or looking to enter the rental property market, this is an opportunity to own an income-producing property in one of Northeast Michigan's desirable lakeside communities. Invest in East Tawas and take advantage of everything this beautiful area has to offer!
For sale
$250,000
411 E State St, East Tawas, MI 48730
5beds
5baths
2,886sqft
Multi Family
Built in 1900
-- sqft lot
$189,700 Zestimate®
$87/sqft
$-- HOA
What's special
- 2 days
- 1,663
- 14
Zillow last checked:
Listing updated:
Listed by:
SHANNONE BONDIE C:517-294-0421,
STERLING PROPERTIES 989-362-4585
Source: NGLRMLS,MLS#: 1952354
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Baseboard, Natural Gas
Appliances
- Included: None
Features
- Entrance Foyer, High Speed Internet
- Basement: Full
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,886
- Total interior livable area: 2,886 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Exterior features: None
- Waterfront features: None
Lot
- Size: 10,454 Square Feet
Details
- Additional structures: None
- Parcel number: 121O4003000400
- Zoning description: Multi-Family,Commercial
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Apartment
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Not Applicable
Community & HOA
Community
- Features: None
- Subdivision: None
Location
- Region: East Tawas
Financial & listing details
- Price per square foot: $87/sqft
- Tax assessed value: $51,776
- Annual tax amount: $2,949
- Price range: $250K - $250K
- Date on market: 11/6/2026
- Cumulative days on market: 4 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash
- Ownership type: Private Owner
- Lease term: Month To Month,12 Months
Estimated market value
$189,700
$146,000 - $235,000
$1,057/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/6/2026 | Listed for sale | $250,000+110.1%$87/sqft |
Source: | ||
| 7/1/2018 | Listing removed | $119,000$41/sqft |
Source: TARGET REAL ESTATE COMPANY #1829686 Report a problem | ||
| 4/1/2017 | Listed for sale | $119,000-20.1%$41/sqft |
Source: TARGET REAL ESTATE COMPANY #1829686 Report a problem | ||
| 3/1/2017 | Listing removed | $149,000$52/sqft |
Source: TARGET REAL ESTATE COMPANY #1817478 Report a problem | ||
| 5/30/2016 | Listed for sale | $149,000$52/sqft |
Source: TARGET REAL ESTATE COMPANY #1817478 Report a problem | ||
Public tax history
Tax history is unavailable.
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 48730
Nearby schools
Schools provided by the listing agent
- District: Tawas Area Schools
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






