Just Listed
Address
551 Cooper Street, Jackson, MI
Price
$ 299,900
Property Attributes
- MLS#26050747
- TypeMulti-Family
- Listing Status Active
- CountyJACKSON
- CityJackson
- AreaJackson City
- NeighborhoodJackson City
- Zip49201
- Style5+ Units
- Year Built1900
- Taxes$ 5970
- Price$ 299,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.15 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
Excellent investment opportunity with a fully occupied 6-unit multi-family property featuring two buildings on a corner lot. The property consists of a 4-unit building and a separate 2-unit building, offering a total of six units. Numerous major updates were completed in 2022-2023, including a new roof, six kitchens, six bathrooms, most of the flooring throughout in 2023, plus two furnaces and a water heater in 2022. All new windows and most of the plumbing in the 4 unit building over the past few years. The rear 2-unit building has separate gas and electric meters, with tenants responsible for their own electric; but gas could be fully separated with the addition of a 2nd water heater (already has 2 separate furnaces). City certified and fully occupied, with approximately $42,000 in annual NOI and a reported 14% cap rate. A strong opportunity for investors seeking an updated, income-producing multifamily property.
| Price History | |
|---|---|
| 9/23/2026 | Listed $299,900 |
General Features
| Heating | Forced Air,Hot Water |
|---|---|
| Cooling | None |
| Utilities | Cable Available,Natural Gas Connected,Electricity Connected |
| Possession | Subject To Tenant Rights |
| Construction Materials | Aluminum Siding |
| Year Built | 1900 |
| Tenant Pays | None |
| Township | Jackson City |
| Property Subtype | 5+ Units |
| Tax Year | 2026 |
| Gross Income | 64440.0 |
| OwnerPays | Trash Collection,Electricity,Water,Sewer,Gas |
| County | Jackson |
| Net Operating Income | 42460.0 |
| Operating Expense | 21980.0 |
| Insurance Expense | 2900.0 |
| New Construction | No |
| Property Type | Multi Family |
| Attached Garage | No |
| Status | Active |
| Directions | Northeast corner of Cooper and Burr St |
| City | Jackson |
| High School District | Jackson |
| Number Of Units Total | 6 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 6534.0 |
| Listing Terms | Cash,Conventional |
| Land Lease Y/N | No |
| Tax Annual Amount | 5970.0 |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Tax Assessed Value | 89275 |
| MobileHomeRemainsYN | No |
| Legal Description | S 48 FT OF LOT 5 BLK 8 FORD'S NORTH ADD |
| Senior Community | None |
Interior Features
| Basement | Full |
|---|---|
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
Exterior Features
| Parking Features | Asphalt,Driveway |
|---|---|
| Lot Features | Corner Lot |
| Total Parking | 6.0 |
| Lot Size Area | 0.15 |
| Number of Buildings | 2 |
| Spa | No |
| Lot Dimensions | 48 X 132 |
| Lot Size Acres | 0.15 |
| Road Surface Type | Paved |
| Waterfront Y/N | No |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 49201
Price
Taxes
Year Built
Visits
In The Neighborhood
Just Listed
Jackson
$ 199,900
1012 S Grinnell Street
Jackson, MI 49203
- Type
- Multi-Family
- Rooms
- 0 Beds + 0 Baths
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update September 25, 2026 9:36 PM UTC
Greater Lansing Association of Realtors® (GLAR) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
