$620,000
SOLD NOV 7, 2025

101 E Mckay St Saline, MI 48176

-- Bed
-- Bath
4,800 Sq Ft
0.38 Acres

Recently Sold

$129 Per Sq Ft

11% Below List Price

49 Days on Market

Highlights

  • 0.38 Acre Lot
  • Forced Air Heating System
  • Wood Siding
  • Heritage School Rated A

About This Home

As of November 2025

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.

Last Agent to Sell the Property

Kiara Nelson

Keller Williams Ann Arbor Mrkt License #6501400447 Listed on: 07/24/2025

Keller Williams Ann Arbor Mrkt

Co-Listed By

Dominic Nelson

Keller Williams Ann Arbor Mrkt License #6501409298

Last Buyer's Agent

Andrea Stephan

The Stephan Group License #RCO-6502432679

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

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

Listing and Financial Details

  • Tenant pays for electric, water, trash, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,686

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1920
  • Location Property Info:Property Sub-Type: 5+ Units
  • OfficeContract Info:List PriceSqFt2: 223.68
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 99x165
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: D-2
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 6
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Sep Gas Meter: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Utilities Attached Cable Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Remarks Misc: Public Remarks: 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.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 650000.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway
  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.38
  • Lot Size Area: 0.38
  • Lot Dimensions: 99x165
  • Lot Size Sq Ft: 16379.0
  • Zoning Description: D-2

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Water, Trash, Sewer, Gas

Multi Family

  • Number of Units Total: 6

Tax Info

  • Tax Annual Amount: 10686.0
  • Tax Year: 2024

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/07/2025 11/07/25 Sold $620,000 -4.6% $129 / Sq Ft
07/24/2025 07/24/25 Price Changed $650,000 -6.5% $135 / Sq Ft
07/13/2025 07/13/25 For Sale $695,000 +97.4% $145 / Sq Ft
10/15/2020 10/15/20 Sold $352,000 -30.9% $73 / Sq Ft View Prior Sale
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: MichRIC

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kiara Nelson

    Seller's Agent in 2025

    Kiara Nelson

    Keller Williams Ann Arbor Mrkt

    (734) 732-3844

    4 in this area

    273 Total Sales

    Kiara Nelson
    Section Image

  • D

    Seller Co-Listing Agent in 2025

    Dominic Nelson

    Keller Williams Ann Arbor Mrkt

    (734) 957-6337

    2 in this area

    143 Total Sales

    Dominic Nelson
    Section Image
  • Andrea Stephan

    Buyer's Agent in 2025

    Andrea Stephan

    The Stephan Group

    (810) 412-8170

    1 in this area

    9 Total Sales

    Andrea Stephan
    Section Image

  • M

    Seller's Agent in 2020

    Michael Watcke

    Bradbury Development Co.

    Section Image
  • Carey Chesney

    Buyer's Agent in 2020

    Carey Chesney

    Keller Williams Ann Arbor

    (734) 478-3540

    64 Total Sales

    Carey Chesney
    Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 25033168

MichRIC
Michigan Washtenaw County Saline 48176

101 E Mckay St, Saline, MI

Sold

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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