NOT LISTED FOR SALE

422 E Lincoln Ave Ionia, MI 48846

Ionia Area

Estimated Value: $189,000 - $292,000

8 Beds
4 Baths
2,000 Sq Ft
$116/Sq Ft Est. Value

Sale Details

Date Sold: July 1, 2014

Last sale price $65,000 $32 Per Sq Ft

Est. 256% increase in value since last sale

Current estimated payment $1,640 / mo

154 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 3-minute walk to Perry Park

About This Home

As of July 2014

Great investment opportunity for a low maintenance apartment building. Quality built and very well maintained with an exceptional rental history. Two 2 bedroom apartments and two one bedroom apartments. Decks and Porches. Ample Parking. Owner pays water, sewer and garbage. Two tenants pay gas and electric. Owner pays gas and electric for two units.

Last Agent to Sell the Property

Jonathan Dinehart

Live Local Realty License #6502385999 Listed on: 01/14/2014

Last Buyer's Agent

Jonathan Dinehart

Coldwell Banker Professionals

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1976

Lot Details

  • 14,810 Sq Ft Lot

Parking

  • 6 Parking Spaces

Home Design

  • Wood Siding

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,459
  • Operating Expense $7,599
  • Gross Income $24,900
  • Net Operating Income $17,301

Property Details

Home Type

Apartment

Year Built

Built in 1976

Lot Details

0.34 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 89900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.34
  • Lot Size Area: 0.34
  • Lot Size Sq Ft: 14810.0
  • Zoning Description: RM-1

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 24900.0
  • Insurance Expense: 1459.0
  • Net Operating Income: 17301.0
  • Number of Units Total: 3
  • Operating Expense: 7599.0

Tax Info

  • Tax Annual Amount: 2249.0

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2025
Sold by
Bought by
Current Estimated Value
$231,322

Purchase Details

Closed on
Sep 24, 2004
Sold by
Bought by

Purchase Details

Closed on
Jun 13, 2002
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 Buyer Sale Price Title Company
$200,000 Sun Title Agency/Mi Llc
-- --
$130,000 --
Source: Public Records

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 Borrower Loan Amount
Previous Owner $108,000
Previous Owner $23,600
Source: Public Records

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
07/01/2014 07/01/14 Sold $65,000 -27.7% $33 / Sq Ft
06/17/2014 06/17/14 Pending -- -- --
01/14/2014 01/14/14 For Sale $89,900 -- $45 / Sq Ft
Source: MichRIC

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 $4,554 $87,000 $16,700 $70,300
2025 $4,331 $84,800 $15,700 $69,100
2024 $42 $84,800 $15,700 $69,100
2023 $3,973 $59,000 $11,600 $47,400
2022 $1,847 $56,900 $10,200 $46,700
2021 $1,885 $48,100 $10,200 $37,900
2020 $1,781 $48,100 $10,200 $37,900
2019 $1,592 $45,800 $8,500 $37,300
2018 $1,813 $39,900 $7,500 $32,400
2017 $1,574 $39,900 $7,500 $32,400
2016 $1,592 $30,300 $5,000 $25,300
2015 -- $30,300 $5,000 $25,300
2014 $2,642 $43,000 $6,200 $36,800
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Dinehart

    Seller's Agent in 2014

    Jonathan Dinehart

    Live Local Realty

    (616) 813-8972

    1 in this area

    172 Total Sales

    Jonathan Dinehart
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Map

Source: MichRIC

MLS Number: 14002574

MichRIC

APN: 204-200-000-050-00

Michigan Ionia County Ionia 48846

422 E Lincoln Ave, Ionia, MI

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.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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