790 Lake St Saugatuck, MI 49453
Estimated payment $7,866/month
Highlights
- Water Views
- 0.64 Acre Lot
- Forced Air Heating and Cooling System
- Douglas Elementary School Rated A
- 1 Fireplace
- High Speed Internet
About This Home
Exceptional Multi-Family Investment in Downtown Saugatuck. Incredible opportunity to own a premier multi-family property in the heart of Saugatuck with harbor views and an unbeatable location. Offering 3,434 sq. ft. across three distinct units, this property is ideal for an investor seeking income potential or for an owner-occupant looking to offset expenses with rental income.
The main level features 2 bedrooms, 2 full baths, a spacious kitchen, dining room, living room, breakfast nook, wet bar, and covered porch. The front upper unit offers 2 bedrooms, 1 bath, full kitchen, living room, and porch with water views. The rear upper unit includes 1 bedroom, 1 bath, kitchen, living area, and private porch overlooking the pool and backyard. The lower level currently serves as storage and a laundry facility for the property.
Beautifully landscaped grounds include two koi ponds, fire pit, patio, and a newer in-ground pool with fenced enclosure. Parking is generous with 7 spaces plus a 2-stall garageeasily converted into an amazing game or recreation room to enhance rental appeal.
Just steps from 2 amazing communities, this location offers the best of both worlds: stroll into downtown Saugatuck to enjoy restaurants, shops, galleries, and the waterfront boardwalk, or cross into Douglas for a quieter small-town experience.
Currently operated as a residence with two short-term rental units, this property comes with a transferable STR certificate, making it a rare and flexible investment opportunity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,877
Year Built
- Built in 1905
Lot Details
- 0.64 Acre Lot
- Lot Dimensions are 74x81x231x66x232
- Level Lot
Home Design
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1 Fireplace
- Water Views
- Washer and Gas Dryer Hookup
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Parking
- 7 Parking Spaces
- Paved Parking
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Individual Gas Meter
- Separate Water Meter
- Shared Water Meter
- High Speed Internet
- Phone Connected
- Cable TV Available
Community Details
Overview
- 3 Units
Recreation
- Recreational Area
Map
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 | $12,877 | $708,200 | $97,900 | $610,300 |
| 2024 | -- | $643,200 | $84,200 | $559,000 |
| 2023 | -- | $481,300 | $67,100 | $414,200 |
| 2022 | $0 | $435,800 | $94,800 | $341,000 |
| 2021 | $9,555 | $230,200 | $86,200 | $144,000 |
| 2020 | $9,555 | $236,200 | $86,200 | $150,000 |
| 2019 | $0 | $230,200 | $73,300 | $156,900 |
| 2018 | $0 | $192,100 | $73,300 | $118,800 |
| 2017 | $0 | $230,300 | $108,400 | $121,900 |
| 2016 | $0 | $187,200 | $100,600 | $86,600 |
| 2015 | -- | $187,200 | $100,600 | $86,600 |
| 2014 | -- | $248,200 | $186,400 | $61,800 |
| 2013 | -- | $175,000 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/20/2025 08/20/25 | For Sale | $1,285,000 | -- | $374 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $230,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $410,000 | New Conventional |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25042452
APN: 57-514-035-00
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