GREAT Investment opportunity in the booming town of Marshall. This rare opportunity to purchase a FULLY leased 4-unit apartment building generating over $3,700 per month ($44,400 annually) in gross rental income. This approximately 2,800-square-foot property provides immediate cash flow with long-term appreciation potential due to below-market rents in one of Michigan's strongest small multifamily markets, driven by the construction of the Ford BlueOval Plant. In addition, there is also a possibility of a 5TH APARMENT on the 3rd Floor. Owner is also selling 607 W Prospect (3-unit) next door, which opens up possibilities for portfolio buyers to increase their footprint within the same street.
Active
$379,000
611 W Prospect St, Marshall, MI 49068
4beds
4baths
2,784sqft
2 to 4 Units
Built in 1905
-- sqft lot
$362,100 Zestimate®
$136/sqft
$-- HOA
What's special
- 24 days
- 605
- 32
Zillow last checked:
Listing updated:
Listed by:
Liz Beischer 231-329-3877,
Five Star Real Estate 269-459-7898
Source: MichRIC,MLS#: 26051181
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Hot Water
Appliances
- Laundry: In Basement
Features
- Basement: Full
Interior area
- Total interior livable area: 2,784 sqft
Property
Parking
- Total spaces: 6
- Parking features: Concrete, Driveway
Lot
- Size: 0.25 Acres
- Dimensions: 66 x 165
- Features: Sidewalk
Details
- Parcel number: 5300023400
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Wood Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1905
Utilities & green energy
- Sewer: Storm Sewer
- Utilities for property: Cable Available, Cable Connected
Community & HOA
Location
- Region: Marshall
Financial & listing details
- Price per square foot: $136/sqft
- Tax assessed value: $121,965
- Annual tax amount: $9,043
- Date on market: 9/25/2026
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
- Road surface type: Paved
Estimated market value
$362,100
$344,000 - $380,000
$1,692/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/25/2026 | Listed for sale | $379,000+111.7%$136/sqft |
Source:  MichRIC #26051181 Report a problem | ||
| 9/4/2020 | Sold | $179,000-5.5%$64/sqft |
Source: MichRIC #20012912 Report a problem | ||
| 8/6/2020 | Pending sale | $189,500$68/sqft |
Source: Berkshire Hathaway HomeServices Michigan Real Estate #20012912 Report a problem | ||
| 4/16/2020 | Listed for sale | $189,500+136.9%$68/sqft |
Source: Berkshire Hathaway HomeServices Michigan Real Estate #20012912 Report a problem | ||
| 2/23/2018 | Sold | $80,000$29/sqft |
Source: MichRIC #18001519 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $8,881 +0.8% | $178,900 +5.4% |
| 2025 | $8,806 +6% | $169,800 +21.3% |
| 2024 | $8,310 | $140,000 +16.5% |
| 2023 | -- | $120,200 +12% |
| 2022 | -- | $107,300 -5% |
| 2021 | -- | $113,000 +21.4% |
| 2020 | -- | $93,100 +33.6% |
| 2018 | -- | $69,700 +1.6% |
| 2017 | -- | $68,600 -4.6% |
| 2016 | -- | $71,900 +5.1% |
| 2015 | -- | $68,400 -8.4% |
| 2014 | -- | $74,700 +42% |
| 2013 | -- | $52,600 -18.4% |
| 2011 | -- | $64,500 +12.2% |
| 2010 | -- | $57,500 -34.2% |
| 2009 | -- | $87,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 49068
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