101 E Mckay St Saline, MI 48176
Estimated payment $4,406/month
Highlights
- 1 Fireplace
- Forced Air Heating System
- Wood Siding
- Heritage School Rated A
About This Home
Open Sunday 2-4PM. Incredible investment opportunity in the heart of downtown Saline! Don't miss your chance to own this fully rented six-unit income property, ideally situated just steps from the vibrant shops and restaurants of downtown Saline. Each unit features one bedroom and one full bathroom, and all have been nicely updated—making this a truly turn-key opportunity for investors. Every unit includes a refrigerator and range/oven; several also come furnished with a microwave, and one features a window AC unit. With a current Certificate of Occupancy, this property offers peace of mind and immediate cash flow. It sits on an oversized lot with ample parking, charming front and rear porches, and tremendous potential for expansion or even the addition of a second structure. These opportunities are rarely found in this central location. Zoned D2 (Downtown Support District), this flexible parcel supports mixed-use development, including residential, office, and commercial uses. One could also assemble multiple parcels to create a larger developmentideal for investors with long-term vision. Major recent upgrades include a new foundation wall, providing valuable structural updates and built-in equity for the next owner. Whether you're seeking your first investment property or a strategic addition to your portfolio, this well-positioned asset checks all the boxes. See attached documents for detailed rental information.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,686
Year Built
- Built in 1920
Lot Details
- 0.38 Acre Lot
- Lot Dimensions are 99x165
Home Design
- Wood Siding
Interior Spaces
- 1 Fireplace
- Basement
- Michigan Basement
Parking
- 6 Parking Spaces
- Driveway
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Individual Gas Meter
- Cable TV Available
Community Details
- 6 Units
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/24/2025 07/24/25 | Price Changed | $650,000 | -6.5% | -- |
07/13/2025 07/13/25 | For Sale | $695,000 | +97.4% | -- |
10/15/2020 10/15/20 | Sold | $352,000 | -30.9% | $73 / Sq Ft |
08/12/2020 08/12/20 | Pending | -- | -- | -- |
07/16/2020 07/16/20 | Price Changed | $509,244 | -15.0% | $106 / Sq Ft |
07/05/2020 07/05/20 | For Sale | $599,111 | -- | $125 / Sq Ft |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25033168

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