505 2nd St Jackson, MI 49203
Under the Oaks NeighborhoodEstimated payment $794/month
Total Views
41,269
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Very Popular Property
- 1 Fireplace
- High Speed Internet
- Sharp Park Academy Rated A-
- Forced Air Heating System
- 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: 09/10/2025
Property Details
Home Type
- Multi-Family
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
Interior Spaces
- 1 Fireplace
- Basement Fills Entire Space Under The House
Parking
- 4 Parking Spaces
- Paved Parking
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- High Speed Internet
- Phone Available
- Cable TV Available
Listing and Financial Details
- The owner pays for trash collection, water, sewer
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 | $1,609 | $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 |
|---|---|---|---|---|---|
| 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: Southwestern Michigan Association of REALTORS®
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 grew up in Jackson County, Michigan, and is the Principal Partner of BNR Real Estate Group. After serving as a Sergeant in the US Marines Corps and graduating from Siena Heights University, he fulfilled a career in marketing and operations across the mid-west United States with the Sam's Club Division of Wal-Mart Stores Inc.
Doug has worked in residential, commercial, and investment real estate in the southern Michigan area for over fifteen years. He utilizes his sales, marketing, and
Doug's Other Listings
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25046452
APN: 3-000600000
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