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Off market
  • $219,900

    501 Broadway St, Niles, MI 49120

    5beds
    4baths
    2,900sqft
    MultiFamily
    Built in 1997
    -- sqft lot
    $219,900 Zestimate®
    $76/sqft
    $1,653 Estimated rent

    Home value

    $219,900

    $194,000 - $246,000

    $1,653/mo

    Zestimate® history
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    Owner options

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    $1,653/mo

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    $1,653/mo

    Rent Zestimate®

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    $1,459/mo

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    $1,459/mo

    Est. payment

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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 not currently displayed as for sale or rent on Zillow. This may be different from what's 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 Square Feet
    • 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 & HOA

    Location
    • Region: Niles

    Financial & listing details

    • Price per square foot: $76/sqft
    • Tax assessed value: $113,800
    • Annual tax amount: $2,899
    • Total actual rent: 1705
    • Tenant pays: Electricity

    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
    $219,900
    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
    $219,900