UNDER CONTRACT
$20K PRICE DROP
505 2nd St Jackson, MI 49203
Under the Oaks NeighborhoodEstimated payment $678/month
Total Views
29,589
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Popular Property
- Forced Air Heating System
- Wood Siding
- Sharp Park Academy Rated A-
- Level Lot
- 1-minute walk to Under the Oaks
About This Home
Income producing Duplex with side by side 2 bedroom, 1 bath units. Located just minutes from the Central Business District of Jackson, MI, this CITY-CERTIFIED and PROFESSIONALLY MANAGED investment property offers exceptional income potential with a 10%+ CAP Rate. The property features two spacious 2-bedroom, 1-bathroom units, all with Professional Property Manager screened, long- term tenants. The current owners have upgraded both units with new flooring, appliances, paint, and remodeling to meet city requirements, ensuring smooth operation and strong tenant retention.
Listing Agent
Coldwell Banker Beiswanger Realty Group License #6502425012 Listed on: 01/04/2026
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $1,895
Year Built
- Built in 1930
Lot Details
- 2,178 Sq Ft Lot
- Lot Dimensions are 38x55
- Level Lot
Home Design
- Composition Roof
- Wood Siding
Basement
- Basement Fills Entire Space Under The House
Parking
- 4 Parking Spaces
- Paved Parking
Utilities
- Forced Air Heating System
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- The owner pays for sewer, trash collection, water
Community Details
Overview
- 2 Units
- Livermore Wood & Eaton's Add Subdivision
Building Details
- Operating Expense $8,700
- Gross Income $19,500
- Net Operating Income $10,800
Map
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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 | $1,860 | $47,500 | $0 | $0 |
| 2024 | $16 | $38,300 | $0 | $0 |
| 2023 | $1,544 | $35,700 | $0 | $0 |
| 2022 | $1,700 | $29,900 | $0 | $0 |
| 2021 | $1,682 | $23,800 | $0 | $0 |
| 2020 | $1,187 | $21,400 | $0 | $0 |
| 2019 | $1,155 | $16,450 | $0 | $0 |
| 2018 | $829 | $15,300 | $0 | $0 |
| 2017 | $760 | $15,900 | $0 | $0 |
| 2016 | $655 | $15,900 | $15,900 | $0 |
| 2015 | $965 | $11,700 | $11,700 | $0 |
| 2014 | $965 | $15,550 | $15,550 | $0 |
| 2013 | -- | $15,550 | $15,550 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/29/2025 10/29/25 | Price Changed | $99,900 | -16.8% | -- | |
| 09/10/2025 09/10/25 | For Sale | $120,000 | +263.6% | -- | |
| 11/08/2018 11/08/18 | Sold | $33,000 | -- | -- | View Prior Sale |
| 10/01/2018 10/01/18 | Pending | -- | -- | -- |
Source: MichRIC
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | $34,000 | Midstate Title Agency Of | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $33,000 | None Available |
Source: Public Records
About the Listing Agent
Doug Beiswanger is the Principal Partner at Coldwell Banker Beiswanger Realty Group, recognized for a dual focus on both residential and commercial real estate throughout South Central Michigan. With over fifteen years of experience, Doug is a trusted advisor for buyers, sellers, investors, and business owners—offering specialized guidance in residential transactions, while also serving the region’s growing needs for commercial and investment properties.?
On the residential side, Doug’s
Doug's Other Listings
Source: MichRIC
MLS Number: 25046452
APN: 3-000600000
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