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For sale
    • $349,000

    502 W State St, Hastings, MI 49058

    3beds
    2,278sqft
    : 
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    Multi Family
    Built in 1900
    -- sqft lot
    $339,300 Zestimate®
    $153/sqft
    $-- HOA

    What's special

    Fabulous investment opportunity in the heart of Hastings being offered at a 8.96% Cap Rate. 3 Unit Apartment but has mixed zoning and could be used for other purposes if so desired. Unlock the potential of this rare gem in the heart of the city’s vibrant PUD district! This versatile three-unit property is zoned for apartment, commercial, and office use, making it a dream opportunity for entrepreneurs, small business owners, or savvy investors. Currently, the property is fully occupied by three separate tenants: two charming 1-bedroom units and a spacious 2-bedroom unit, ensuring steady rental income from day one. The flexible zoning allows you to reimagine the space as a boutique office, creative studio, or continue as a multi-family rental—tailor it to your vision! Many updates to include 2 new hot water heaters, 2 new showers. 2 new Range ovens, 2 new refrigerators. Step outside and you’re tenants just moments from the best of downtown Hastings. Enjoy proximity to local favorites like Walldorff Brewpub & Bistro, Seasonal Grille, and the historic Barry County Courthouse. Daily conveniences are at their fingertips with Family Fare Supermarket and Walgreens nearby, while the Thornapple River Walk and Tyden Park offer scenic escapes just blocks away. Whether you’re looking to expand your investment portfolio or launch your next business venture, 502 W. State Street delivers unmatched flexibility, location, and income potential. Don’t miss your chance to own a cornerstone property in one of Hastings’ most dynamic neighborhoods! Proforma available based on current rents and expenses.
    330 days
    |
    317
    |
    7
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    David Elwood 248-568-5958,

    Epique Realty 248-218-2604

    Source: Realcomp II,MLS#: 20251027913MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Laundry: Common Area
      Features
      • Basement: Partial,Unfinished
      • Has fireplace: No
      Interior area
      • Total interior livable area: 2,278 sqft
      • Finished area above ground: 2,278
      Video & virtual tour

      Property

      Parking
      • Total spaces: 12
      • Parking features: Garage, Parking Lot, Oversized, Paved, Unassigned
      • Has garage: Yes
      Accessibility
      • Accessibility features: Accessible Approach With Ramp, Accessible Common Area, Accessible Doors, Accessible Entrance, Common Area, Customized Wheelchair Accessible, Grip Accessible Features, Other Accessibility Features
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Breezeway, Covered, Porch
      • Exterior features: Awnings, Lighting
      • Pool features: None
      Lot
      • Size: 8,712 Square Feet
      • Dimensions: 68 x 133 x 67 x 133
      Details
      • Parcel number: 5500120500
      • Zoning description: Commercial, Multiple, Office
      • Special conditions: Short Sale No,Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Colonial,Early American
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding
      • Foundation: Basement, Block, Brick Mortar, Sump Pump
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1900
      • Major remodel year: 2024

      Utilities & green energy

      • Electric: Volts 220, Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Above Ground Utilities, Underground Utilities

      Community & HOA

      Community
      • Features: Sidewalks
      • Subdivision: ORIG PLAN OF THE VILLAGE OF THE CITY OF HASTINGS
      Location
      • Region: Hastings

      Financial & listing details

      • Price per square foot: $153/sqft
      • Tax assessed value: $108,500
      • Annual tax amount: $5,799
      • Date on market: 8/16/2025
      • Cumulative days on market: 330 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional

        Estimated market value

        $339,300

        $322,000 - $356,000

        $1,212/mo

        Price history

        DateEventPrice
        8/16/2025Listed for sale$349,000-0.3%$153/sqft
        Source: Realcomp II #20251027913 Report a problem
        6/7/2025Listing removed$350,000$154/sqft
        Source: MichRIC #25002624 Report a problem
        5/16/2025Price change$350,000-5.1%$154/sqft
        Source: MichRIC #25002624 Report a problem
        4/25/2025Listed for sale$369,000$162/sqft
        Source: MichRIC #25002624 Report a problem
        3/31/2025Pending sale$369,000$162/sqft
        Source: MichRIC #25002624 Report a problem
        2/11/2025Price change$369,000-1.6%$162/sqft
        Source: MichRIC #25002624 Report a problem
        1/22/2025Listed for sale$375,000+37.9%$165/sqft
        Source: MichRIC #25002624 Report a problem
        7/26/2024Sold$272,000+105.3%$119/sqft
        Source: Public Record Report a problem
        3/20/2014Sold$132,500$58/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,764 +425.4%$108,500 -0.2%
        2024$1,097 +5%$108,700 +3.9%
        2023$1,045 -35.2%$104,600 +5.1%
        2022$1,612 $99,500 +6.3%
        2021-- $93,600
        2020-- $93,600 +7.6%
        2019$4,855 $87,000 +7.7%
        2018$4,855 $80,800
        2017-- $80,800 -15.4%
        2016-- $95,500 -11.7%
        2015-- $108,100
        2014-- $108,100
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 49058

        Getting around

        68 / 100
        Somewhat Walkable
        53 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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