$374,900
$50K PRICE DROP

22 Wager Place Ionia, MI 48846

Estimated payment $2,619/month

Total Views 9,923
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 1 Fireplace
  • Window Unit Cooling System
  • 8 Car Garage
  • Corner Lot: Yes
  • Forced Air Heating System
  • High Speed Internet

About This Home

Investor's dream or ideal owner-occupy opportunity! This fully occupied 4-unit multi-family property sits on a desirable corner lot and is a rare find for those looking to expand their portfolio or offset their mortgage with rental income. All units are on month-to-month leases, offering steady cash flow and flexibility for the new owner. Each unit is well-maintained with spacious layouts, plenty of natural light, and separate utilities. Tenants enjoy off-street parking and a quiet, well-kept setting. Whether you're planning a 1031 exchange, portfolio expansion, or house-hacking strategy, this property offers both immediate income and long-term upside. Potential to increase rents or upgrade units to boost value. Located near schools, shopping, and local amenities. Don't miss this chance to own a turn-key investment in a strong rental market. Schedule your showing today and start building wealth through real estate!

Listing Agent

Linda Lazarus

Michigan Top Producers License #6501380665 Listed on: 08/12/2025

Co-Listing Agent

Brandon Hamilton

Michigan Top Producers License #6506047983

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,671

Year Built

  • Built in 1901

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 82x132
  • Corner Lot: Yes

Parking

  • 8 Car Garage

Home Design

  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for trash collection, water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,671

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1901
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 82x132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: res
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Lot Description:Corner Lot: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Roofing:Metal: Yes
  • Laundry Features In Basement: 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
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 374900.0
  • Lot Features: Corner Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Metal
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0
  • Extras:Garages: Yes

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Basement
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer

Lot Info

  • Lot Size Acres: 0.25
  • Lot Size Area: 0.25
  • Lot Dimensions: 82x132
  • Lot Size Sq Ft: 10890.0
  • Zoning Description: res

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 7671.0
  • Tax Year: 2024

Map

Range of Values:

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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 $7,671 $147,300 $12,900 $134,400
2024 $7,302 $147,300 $12,900 $134,400
2023 $6,963 $123,500 $9,500 $114,000
2022 $6,667 $115,200 $8,400 $106,800
2021 $3,481 $54,400 $8,400 $46,000
2020 $3,290 $54,400 $8,400 $46,000
2019 $2,066 $60,900 $7,000 $53,900
2018 $2,354 $51,600 $6,200 $45,400
2017 $2,042 $51,600 $6,200 $45,400
2016 $2,066 $44,100 $5,000 $39,100
2015 -- $44,100 $5,000 $39,100
2014 $3,529 $40,500 $6,200 $34,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2025 09/09/25 Price Changed $374,900 -11.8% --
08/12/2025 08/12/25 For Sale $425,000 +63.5% --
07/09/2021 07/09/21 Sold $260,000 -10.3% $77 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
05/03/2021 05/03/21 For Sale -- -- --
04/25/2021 04/25/21 Pending -- -- --
04/08/2021 04/08/21 For Sale -- -- --
03/12/2021 03/12/21 Pending -- -- --
03/02/2021 03/02/21 For Sale $289,900 +75.7% $86 / Sq Ft
03/16/2018 03/16/18 Sold $165,000 -14.1% $49 / Sq Ft
02/16/2018 02/16/18 Pending -- -- --
11/06/2017 11/06/17 For Sale $192,000 -- $57 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Grant Deed $260,000 --
Quit Claim Deed -- --
Warranty Deed $120,000 Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $195,000 Construction
Previous Owner $141,000 Purchase Money Mortgage
Source: Public Records

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 25040716

Southwestern Michigan Association of REALTORS®

APN: 204-210-000-210-00