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Off market
  • $219,600

    501 Broadway St, Niles, MI 49120

    5beds
    4baths
    2,900sqft
    MultiFamily
    Built in 1997
    -- sqft lot
    $219,600 Zestimate®
    $76/sqft
    $1,643 Estimated rent

    Home value

    $219,600

    $193,000 - $246,000

    $1,643/mo

    Zestimate® history
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    Owner options

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    $1,643/mo

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    $1,643/mo

    Rent Zestimate®

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    $1,471/mo

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    $1,471/mo

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    What's special

    Great investment opportunity located on a corner lot near the downtown Niles area. This well-maintained 4 unit rental property is fully rented with reliable tenants. With low vacancy rates, positive cash flow and 20 years of rental history. Offers 1- 2 bedroom unit, 3- 1 bedroom units with on-site coin laundry in the full basement for additional income. 4 parking spots on the asphalt drive. Nice hardwood floors on the main level and lots of character throughout. Each unit comes with fridge, stove and window a/c unit. Furnace was replaced 6 years ago.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    Heating
    • Baseboard, Forced air, Electric, Gas
    Appliances
    • Laundry: Laundry Facility
    Features
    • Basement: Full
    Interior area
    • Total interior livable area: 2,900 sqft

    Property

    Parking
    • Total spaces: 4
    Features
    • Exterior features: Vinyl
    • Frontage length: 74.00
    Lot
    • Size: 5,227 sqft
    • Features: Corner Lot
    Details
    • Parcel number: 7230800011007

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Composition
    Condition
    • Year built: 1997

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Natural Gas Connected, Electricity Connected, Electricity Available, Water Available, Sewer Available, Broadband, Telephone Line

    Community & neighborhood

    Location
    • Region: Niles

    HOA & financial

    Other financial information
    • Total actual rent: 1705

    Other

    Other facts
    • Sewer: Public Sewer
    • WaterSource: Public
    • Heating: Baseboard, Forced Air, Electric, Natural Gas
    • Roof: Rubber, Composition
    • HeatingYN: true
    • Utilities: Cable Available, Natural Gas Connected, Electricity Connected, Electricity Available, Water Available, Sewer Available, Broadband, Telephone Line
    • CoolingYN: true
    • Basement: Full
    • OwnerPays: Sewer, Trash Collection, Water, Gas
    • ConstructionMaterials: Vinyl Siding
    • LotFeatures: Corner Lot
    • Cooling: Window Unit(s)
    • ElectricOnPropertyYN: True
    • TenantPays: Electricity
    • FrontageLength: 74.00
    • LaundryFeatures: Laundry Facility
    • NumberOfBuildings: 1.00
    • TotalActualRent: 1705
    • InsuranceExpense: 1140.00
    • MlsStatus: Pending
    • MaintenanceExpense: 2920.00
    • TaxAnnualAmount: 1613.00

    Price history

    DateEventPrice
    11/30/2020Sold$129,000-4.4%$44/sqft
    Source: MichRIC #20029815 Report a problem
    11/13/2020Pending sale$135,000$47/sqft
    Source: Integrity R.E. Professionals, ERA Powered #20029815 Report a problem
    7/28/2020Listed for sale$135,000$47/sqft
    Source: Integrity R.E. Professionals, ERA Powered #20029815 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,899 +5.1%$56,900 -2.2%
    2024$2,758 $58,200 +6.6%
    2023-- $54,600 +21.1%
    2022$3,037 $45,100 -15.2%
    2021-- $53,200 +33.3%
    2020$1,613 +2.3%$39,900 +2.3%
    2019$1,577 +2.4%$39,000 +23.8%
    2018$1,540 +1.7%$31,500 -2.8%
    2017$1,514 +0.3%$32,400 -25.5%
    2016$1,510 +98.3%$43,500 -0.2%
    2015$761 $43,600 +8.7%
    2014-- $40,100

    Find assessor info on the county website

    Neighborhood: 49120

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Niles

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $219,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $219,600