THINK BIG ON TOWNSEND! Looking to invest in a multi-family property? This unique 7 unit apartment complex is ready for new ownership. Get ready for the gross rent income of $5,647 per month when fully rented. Featuring more than 4,000 square feet across one bedroom, two bedroom and studio units, this property offers immense potential. Currently 5 out of 7 units are filled. Tenant is responsible for electric and heat. Owner manages lawn care & snow removal. This 77 x 120 lot make the maintenance simple. Call today for more information!
Sold for $395,000
$395,000
602 Townsend St, Midland, MI 48640
6beds
4,430sqft
Multi Family
Built in 1913
-- sqft lot
$430,100 Zestimate®
$89/sqft
$1,457 Estimated rent
Home value
$430,100
$404,000 - $456,000
$1,457/mo
Zestimate® history
Owner options
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$1,457/mo
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$1,457/mo
Rent Zestimate®
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$2,580/mo
Est. payment
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$2,580/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Logan Richetti 904-294-7883,
Modern Realty
Bought with:
Justin Ferullo, 6501443634
Keller Williams Preferred
Source: MiRealSource,MLS#: 50141846
Originating MLS: Saginaw Board of REALTORS
Originating MLS: Saginaw Board of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Boiler
Appliances
- Included: Gas Water Heater
Features
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 4,430
- Total interior livable area: 4,430 sqft
Property
Parking
- Total spaces: 3
- Parking features: 3 or More Spaces
Features
- Levels: Two
- Stories: 2
- Frontage length: 77
Lot
- Size: 9,147 sqft
- Dimensions: 77 x 120
- Features: Corner Lot
Details
- Parcel number: 141650048
- Zoning description: Residential
- Special conditions: Private
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Wood Siding
- Foundation: Basement
Condition
- Year built: 1913
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
Community & neighborhood
Location
- Region: Midland
- Subdivision: Carpenters Div
HOA & financial
Other financial information
- Total actual rent: 4947
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/19/2025 | Listing removed | $600 |
Source: Zillow Rentals Report a problem | ||
| 6/17/2025 | Listed for rent | $600 |
Source: Zillow Rentals Report a problem | ||
| 7/26/2024 | Sold | $395,000$89/sqft |
Source:  MiRealSource #50141846 Report a problem | ||
| 5/20/2024 | Pending sale | $395,000$89/sqft |
Source:  MIDMLS #50141847 Report a problem | ||
| 5/13/2024 | Listed for sale | $395,000+58%$89/sqft |
Source: MiRealSource #50141846 Report a problem | ||
| 3/24/2022 | Sold | $250,000+19%$56/sqft |
Source: Public Record Report a problem | ||
| 10/30/2015 | Sold | $210,000+7.7%$47/sqft |
Source: Public Record Report a problem | ||
| 4/9/2015 | Sold | $195,000$44/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $171,100 +7.8% |
| 2024 | -- | $158,700 +43% |
| 2023 | -- | $111,000 |
| 2022 | -- | $111,000 +0.2% |
| 2021 | -- | $110,800 +7.8% |
| 2020 | -- | $102,800 -7.2% |
| 2019 | $4,819 | $110,800 +0.3% |
| 2018 | -- | $110,500 +24.6% |
| 2017 | -- | $88,700 +14.2% |
| 2012 | -- | $77,700 |
Find assessor info on the county website
Neighborhood: 48640
Nearby schools
GreatSchools rating
- 7/10Central Park ElementaryGrades: K-5Distance: 0.4 mi
- 9/10Northeast Middle SchoolGrades: 6-8Distance: 1.9 mi
- 8/10Midland High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- District: Midland Public Schools
Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Michigan
- Midland County
- Midland
- 48640
- 602 Townsend St
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