301 Nicholas Ave Palmer, MI 49871
Estimated payment $2,083/month
About This Home
This well-maintained four-unit apartment building in Palmer offers a strong rental history and consistent occupancy, making it an attractive addition to an investment portfolio. Each unit features two bedrooms and one full bathroom, with recent updates to the bathrooms and flooring. All four units are currently occupied under year-long leases at $850 per month, with tenants responsible for their own electric service. A coin-operated laundry area in the basement provides added convenience, while indoor storage spaces offer tenants extra room for their belongings. Palmer is a small community known for its welcoming atmosphere and neighborly feel, while also offering convenient proximity to a major area employer. With steady income potential and practical tenant features, this fully occupied property presents an appealing investment opportunity with an established rental history.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 11,326 Sq Ft Lot
- Lot Dimensions are 100x150x50x75x50x75
Home Design
- Brick Exterior Construction
Interior Spaces
- 2-Story Property
- Basement Fills Entire Space Under The House
- Oven or Range
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating System
- Separate Meters
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 52-13-213-005-00
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $3,553 | $78,800 | $0 | $0 |
| 2025 | $2,725 | $72,200 | $0 | $0 |
| 2024 | $28 | $74,700 | $0 | $0 |
| 2023 | $493 | $58,200 | $0 | $0 |
| 2022 | $2,326 | $44,850 | $0 | $0 |
| 2021 | $2,252 | $51,700 | $0 | $0 |
| 2020 | $2,179 | $44,850 | $0 | $0 |
| 2019 | $2,143 | $45,350 | $0 | $0 |
| 2018 | $2,120 | $46,050 | $0 | $0 |
| 2017 | $2,209 | $47,900 | $0 | $0 |
| 2016 | $2,446 | $55,296 | $0 | $0 |
| 2015 | -- | $55,296 | $0 | $0 |
| 2014 | -- | $53,650 | $0 | $0 |
| 2012 | -- | $53,650 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/06/2026 08/06/26 | Price Changed | $325,000 | -7.1% | $106 / Sq Ft | |
| 07/17/2026 07/17/26 | For Sale | $350,000 | +250.4% | $114 / Sq Ft | |
| 03/16/2016 03/16/16 | Sold | $99,900 | -16.7% | $33 / Sq Ft | View Prior Sale |
| 02/15/2016 02/15/16 | Pending | -- | -- | -- | |
| 06/10/2015 06/10/15 | For Sale | $119,900 | -- | $39 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $200,000 | Transnation Title Agency | |
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $172,908 | New Conventional |
Source: Upper Peninsula Association of REALTORS®
MLS Number: 50215315
APN: 52-13-213-005-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 310 Nicholas Ave
- 402 Nicholas Ave
- 101 Kirkpatrick Ave
- 464 Bay de Noc St
- 423 County Rd
- 636 County Rd
- 101 Houghton St
- 113 Karhi Rd
- 126 E Lincoln St
- 112 E Main St
- 200 E Main St
- 111 E Main St
- 417 Marquette St
- 309 Kanter St
- 258 Hill St
- 313 N Pioneer Ave
- 117 E Peck St
- 309 Tobin St
- 218 W Clark St
- 315 Tobin St
- 501 Iron St
- 216 W Peck St Unit First floor room
- 216 W Peck St Unit West view Room
- 216 W Peck St Unit Front view room
- 110 E Canda St Unit Apartment 3
- 211 E High St
- 711 W Empire St
- 8 Co Rd Jpb
- 3500 Hemlock Dr
- 2500 S Mcclellan Ave
- 2440 Southwoods Dr Unit Middle
- 2445 Werner St Unit . 11
- 1802 N Creek Cir
- 201 Meeske Ave Unit 811
- 1211 Joliet Rd
- 102 Raymbault Dr
- 725 Grove St Unit 2
- 710 Chippewa Square
- 1220 Grant Ave Unit 5
- 1220 Grant Ave Unit 5 Grant
Ask me questions while you tour the home.