101 Sibben St Manistee, MI 49660
Estimated payment $2,093/month
Highlights
- Very Popular Property
- Waterfront
- Window Unit Cooling System
- Property is near a lake
- Corner Lot: Yes
- Forced Air Heating System
About This Home
Historic Multi-Unit Property Overlooking Manistee Lake. Discover an exceptional investment opportunity in this historic building ideally positioned with stunning views of Manistee Lake & just a short walk to vibrant downtown Manistee. With the potential for four income-producing apartments, this property offers immediate revenue, future growth, & a highly desirable location.Apartment A-Lower-level walkout space ready for development—create a new rental unit, owner's suite, or additional Airbnb potential. Apartment B-Currently operating as a successful turn-key Airbnb, fully furnished & ready to continue generating short-term rental income from day one. Apartments C & D-Both units have wonderful long-term renters in place, providing stable, consistent income.Additional features include assigned off-street parking, charming historic character throughout, & unbeatable proximity to Lake Michigan beaches, local shops, restaurants, & Manistee Riverwalk. Whether you're looking to expand your rental portfolio or create a mixed-use income strategy, this unique property delivers flexibility, charm, and strong potential. Owners pay water, Sewer & refuse. Apt B-AirBnB has a new furnace. Apt C wall furnace, is on a Month -Month lease at $800/month, includes Utilities , Apt D- has a lease @ $800/Month & pays Electric & Gas. All units have separate meters for Electric & Gas so can easily be adjusted.
Updates to building are:- -Exterior paint, (with trim and porches)
- Exterior repairs
- Exterior porch dusk-to-dawn lighting + motion detecting light for back apartments' foyer
- New furnace spring of '25
- Multiple new window packages throughout
- Landscaping - Interior designing / furnishings for apt B Financials on AirbnB available on request. Also leases.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,674
Year Built
- Built in 1880
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 80x130
- Waterfront
- Corner Lot: Yes
- Level Lot
Home Design
- Composition Roof
- Wood Siding
Parking
- 4 Parking Spaces
- Paved Parking
Schools
- Kennedy Middle School
- Manistee Middle High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Natural Gas
- Window Unit Heating System
- Individual Gas Meter
- Phone Connected
- Cable TV Available
Additional Features
- Water Views
- Basement Fills Entire Space Under The House
- Property is near a lake
Community Details
- 3 Units
Listing and Financial Details
- The owner pays for trash collection, water, sewer
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,532 | $109,700 | $0 | $0 |
| 2024 | $3,114 | $103,100 | $0 | $0 |
| 2023 | $2,997 | $84,200 | $0 | $0 |
| 2022 | $3,018 | $70,200 | $70,200 | $0 |
| 2021 | $2,934 | $66,600 | $66,600 | $0 |
| 2020 | $2,776 | $58,400 | $58,400 | $0 |
| 2019 | $2,740 | $54,500 | $54,500 | $0 |
| 2018 | $2,685 | $53,500 | $53,500 | $0 |
| 2017 | $2,630 | $46,800 | $46,800 | $0 |
| 2016 | $1,574 | $46,300 | $46,300 | $0 |
| 2015 | -- | $43,400 | $43,400 | $0 |
| 2014 | -- | $44,500 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/03/2025 12/03/25 | For Sale | $309,000 | +31.5% | -- | |
| 04/16/2025 04/16/25 | Sold | $235,000 | -14.5% | -- | View Prior Sale |
| 03/15/2025 03/15/25 | Pending | -- | -- | -- | |
| 02/18/2025 02/18/25 | For Sale | $275,000 | +45.5% | -- | |
| 07/13/2022 07/13/22 | Sold | $189,000 | 0.0% | -- | View Prior Sale |
| 06/06/2022 06/06/22 | Pending | -- | -- | -- | |
| 06/02/2022 06/02/22 | For Sale | $189,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $189,000 | -- | |
| Warranty Deed | $75,000 | -- |
Source: MichRIC
MLS Number: 25060461
APN: 51-512-275-01
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