$475,000

163 W State Rd Newaygo, MI 49337

Estimated payment $2,945/month

Total Views 8,591
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Forced Air Heating and Cooling System
  • High Speed Internet
  • 3-minute walk to Marshall Memorial Park
  • 8 Car Garage
  • Level Lot

About This Home

Unit 1 $740
Unit 2 $740
Unit 3 $740
Unit 4 $700
Unit 5 $740
Unit 6 $1200
Unit 7 $700
Unit 8 $800
Currently used as a Boarding House, Grandfathered-In. Could easily be office space or hospitality use. Original Oak trim throughout the home; two large pocket doors original finish; butler's pantry, two large staircases; 3rd floor eagle nest gorgeous apartment. Most of the roof is slate; gorgeous views throughout all windows. 2-story historic carriage house included; this home was the first brick home built in Newaygo by a logger employee of Solomon Riblet, who brought about major travel routes north of Newaygo. Improvements include new electrical boxes; plumbing improvements; tuck-pointed brick; boiler inspected and repaired; completely renovated apartment 3rd floor .

Listing Agent

Susan Gray

Five Star Real Estate (Holland) License #6501228114 Listed on: 05/21/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,245

Year Built

  • Built in 1880

Lot Details

  • 8,168 Sq Ft Lot
  • Lot Dimensions are 49 x 165
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Slate Roof
  • Composition Roof

Parking

  • 8 Car Garage
  • Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Basement Fills Entire Space Under The House
  • Mineral Rights Excluded

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • Insurance Expense $1,900
  • Operating Expense $20,552
  • Net Operating Income $55,768

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,245

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1880
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 49 x 165
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: Res
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 8
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Mineral Rights:No: Yes
  • Roofing:Slate: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Remarks Misc: Public Remarks: Unit 1 $740 Unit 2 $740 Unit 3 $740 Unit 4 $700 Unit 5 $740 Unit 6 $1200 Unit 7 $700 Unit 8 $800 Currently used as a Boarding House, Grandfathered-In. Could easily be office space or hospitality use. Original Oak trim throughout the home; two large pocket doors original finish; butler's pantry, two large staircases; 3rd floor eagle nest gorgeous apartment. Most of the roof is slate; gorgeous views throughout all windows. 2-story historic carriage house included; this home was the first brick home built in Newaygo by a logger employee of Solomon Riblet, who brought about major travel routes north of Newaygo. Improvements include new electrical boxes; plumbing improvements; tuck-pointed brick; boiler inspected and repaired; completely renovated apartment 3rd floor .
  • Remarks Misc: Agent Only Remarks: Buyers must have a pre-approval to tour, along with purchase agreement contingent upon walk-through approval. 2 hour per week window for open house style showings with Agents; so that tenants remain. Seller has great relationships with tenants and does not wish to lose tenants.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 475000.0
  • Lot Features: Level, Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition, Slate
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0
  • Extras:Garages: Yes

Utilities

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

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Dimensions: 49 x 165
  • Lot Size Sq Ft: 8168.0
  • Zoning Description: Res

Rental Info

  • Owner Pays: Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Insurance Expense: 1900.0
  • Net Operating Income: 55768.0
  • Number of Units Total: 8
  • Operating Expense: 20552.0

Tax Info

  • Tax Annual Amount: 5244.77
  • Tax Year: 2024

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $5,245 $134,000 $0 $0
2024 $45 $112,400 $0 $0
2023 $4,060 $98,800 $0 $0
2022 $4,784 $76,000 $0 $0
2021 $1,985 $68,900 $0 $0
2020 $1,988 $67,600 $0 $0
2019 $1,978 $62,900 $0 $0
2018 $1,975 $62,000 $0 $0
2017 $1,921 $60,800 $0 $0
2016 $1,899 $52,100 $0 $0
2015 -- $48,500 $0 $0
2014 -- $47,400 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/21/2025 05/21/25 For Sale $475,000 +171.4% --
11/03/2021 11/03/21 Sold $175,000 0.0% $58 / Sq Ft View Prior Sale
10/04/2021 10/04/21 Pending -- -- --
10/01/2021 10/01/21 For Sale $175,000 -- $58 / Sq Ft
Source: MichRIC

Purchase History

Date Type Sale Price Title Company
Deed $175,000 --
Source: Public Records

Source: MichRIC

MLS Number: 25023340

MichRIC

APN: 18-24-280-005

Michigan Newaygo County Newaygo 49337

163 W State Rd, Newaygo, MI

For Sale

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

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Susan Gray
Listing Agent
Susan Gray
Section Image
Five Star Real Estate (Holland)
(231) 977-2511