47 S 3rd Street, Niles, MI 49120

Local realty services provided by:ERA Reardon Realty Great Lakes
47 S 3rd Street,Niles, MI 49120
$385,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by:catherine waggoner
Office:ck home group
MLS#:25045667
Source:MI_GRAR

Price summary

  • Price:$385,000

About this home

This fully remodeled 3-unit property in the City of Niles is turnkey and ready for its next owner. It offers two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, all updated with new electric, new windows, plumbing, and HVAC plus a 2-zone system for efficiency. The front porch is newly rebuilt to enjoy throughout the year. Features include two water heaters, coin-operated laundry in the basement for added income, and a third floor blank canvas for expansion, storage, or office space. With projected monthly income of $3,800-$4,400 and the flexibility of being vacant, the new owner can create their own rental model from the start. Located near downtown shops, dining, and community attractions, this is a prime opportunity for investors seeking cash flow in a growing market.

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Home facts

  • Year built:1918
  • Listing ID #:25045667
  • Added:19 day(s) ago
  • Updated:September 25, 2025 at 07:29 AM

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1918
  • Lot area:0.18 Acres

Finances and disclosures

  • Price:$385,000
  • Tax amount:$699 (2024)