KimberlySchipper
BEDS0
BATHS
MLS#26050747
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLJackson
Property Description
Excellent investment opportunity with a fully occupied 6-unit multi-family property featuring two buildings on a corner lot. The property consists of a 4-unit building and a separate 2-unit building, offering a total of six units. Numerous major updates were completed in 2022-2023, including a new roof, six kitchens, six bathrooms, most of the flooring throughout in 2023, plus two furnaces and a water heater in 2022. All new windows and most of the plumbing in the 4 unit building over the past few years. The rear 2-unit building has separate gas and electric meters, with tenants responsible for their own electric; but gas could be fully separated with the addition of a 2nd water heater (already has 2 separate furnaces). City certified and fully occupied, with approximately $42,000 in annual NOI and a reported 14% cap rate. A strong opportunity for investors seeking an updated, income-producing multifamily property.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Cooling: None
Heating: Forced Air, Hot Water
Lot Size: 0.15 Acres
Taxes: $5,970
Year Built: 1900
Feature Descriptions
Days on Site: 12
Exterior: Aluminum Siding
Lot: Corner Lot
Lot Dimensions: 48 X 132
Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
Parcel Number: 7-066400000
Parking: Asphalt, Driveway
Parking Total: 6
Road Surface: Paved
Sub Type: 5+ Units
Tenant Pays: None
Units: 6
Utilities: Cable Available, Natural Gas Connected, Electricity Connected
Local Schools
School District: Jackson
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Beiswanger Realty Group
Agent Name: CURTIS G WATSON
Agency Phone: 517-435-1500
Shown By
Agent Name: Kimberly Schipper
Agent Phone: (517) 281-1298
Agency Title: Key Realty
 | The property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 10/06/2026. |
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Estimated Payment
$ 2,262.53 per month $1,677.56 Principal & Interest $497.50 Property Tax $87.47 Homeowner's InsuranceChange Payment Information
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551 Cooper Street | MLS# 26050747
This multi-family property located at 551 Cooper Street, Jackson, MI 49201 is currently listed for sale with an asking price of $299,900. Cooper Street is located within the Jackson school district. Search Jackson real estate on kimberlyschipper.ikeyrealty.com today.