Active

$249,000

607 W Prospect St, Marshall, MI 49068

4beds

3baths

1,976sqft

$2,092/mo

Get pre-qualified

2 to 4 Units

Built in 1885

-- sqft lot

$238,700 Zestimate^®

$126/sqft

$-- HOA

What's special

FULLY lease 3-Unit Investment opportunity on a quiet street in the desirable town of Marshall. These opportunities are rare. This Triplex generates a gross rent of $2,600 ($31,200 annually), which provides immediate cash flow, plus allowing investors to capitalize on below-market rents. Seller is also listing 611 W Prospect (immediately next door) for sale and is willing to offer a discount to a qualified portfolio buyer.

23 days
982
58

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3

Heating

Forced Air

Cooling

Window Unit(s)

Features

Basement: Michigan Basement

Interior area

Total interior livable area: 1,976 sqft

Property

Parking

Total spaces: 4
Parking features: Paved

Lot

Size: 6,969 Square Feet
Dimensions: 66 x 105.00
Features: Sidewalk

Details

Parcel number: 5300023500

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Vinyl Siding

Condition

New construction: No
Year built: 1885

Utilities & green energy

Sewer: Public Sewer, Storm Sewer
Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected

Community & HOA

Location

Region: Marshall

Financial & listing details

Price per square foot: $126/sqft
Tax assessed value: $101,038
Annual tax amount: $7,491
Date on market: 9/25/2026
Listing terms: Cash,Conventional
Tenant pays: None
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$238,700

$227,000 - $251,000

$1,723/mo

Price history

Date	Event	Price
9/25/2026	Listed for sale	$249,000+153.4%$126/sqft
Source: MichRIC #26051239 Report a problem
3/7/2022	Sold	$98,249-17.4%$50/sqft
Source: MichRIC #22002745 Report a problem
2/3/2022	Pending sale	$119,000$60/sqft
Source: MichRIC #22002745 Report a problem
1/28/2022	Listed for sale	$119,000$60/sqft
Source: MichRIC #22002745 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$7,357 +0.8%	$125,000 +5.9%
2025	$7,295 +2.3%	$118,000 +20.4%
2024	$7,132	$98,000 +1.3%
2023	--	$96,700 +13%
2022	--	$85,600 -4.8%
2021	--	$89,900 +14.7%
2020	--	$78,400 +8.7%
2018	--	$72,100 +0.1%
2017	--	$72,000 -3.9%
2016	--	$74,900 +29.8%
2015	--	$57,700 -6%
2014	--	$61,400 +40.5%
2013	--	$43,700 -18.8%
2011	--	$53,800 +12.1%
2010	--	$48,000 -34.3%
2009	--	$73,100 +9.8%
2008	--	$66,600 +0.8%
2006	--	$66,100 +5.9%
2005	--	$62,400 +54.1%
2004	--	$40,500 +9.5%
2003	--	$37,000