$2,374 Closing Credit¹
#55025023468, Brock Spink, Listing office: ERA REARDON REALTY, L.L.C.
$495,000 List price
223 W Washington Ave Jackson, MI 49201
$5,878
Closing credit¹
0.2 acres
Multi-Family
Property details
About 223 W Washington Ave
Prime opportunity to own a fully occupied 6-unit brick multifamily building in the heart of Downtown Jackson at 223 W Washington Ave. This low-maintenance, city-certified rental property (2024) features 4,872 sq ft of updated living space with consistent rental demand and zero vacancy. $60,000+/year gross income! Tenants enjoy coin-operated laundry, basement storage, and easy access to restaurants, shops, and public transit, including the Amtrak station. Zoned C-3 and located in a high-demand rental area, the property generates strong cash flow with high cap rate. With a solid rental history, stable income, and prime location, this turnkey asset is ideal for any investor seeking a high-performing, hassle-free addition to their portfolio. Listing agent is part owner of this property.
Highlights
Home typeMulti Family
HeatingHot Water, Natural Gas
StatusActive
BasementYes
Lot size0.2 Acres
Year built1950
ParkingAsphalt, Paved
MLS #55025028606
Summary
- Basement: Yes
- Parking: Asphalt, Paved
- Heating: Hot Water, Natural Gas
- List Price: $495,000
- Annual Tax Amount: $2,611
- Tax Year: 2024
- Lot: Corner Lot, Level
- Directions: W Washington between S Blackstone St and S Jackson St.
- Year Built: 1950
- Lot Size: 0.2 Acres
- MLS Number: 55025028606
- MLS Name: Jackson Area Association of REALTORS
- Office Name: NCDG REALTY & PROPERTY MANAGE
- Office Phone: (517) 796-6148
- Listing Agent: Pouria Namazi
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/24/2025, 6:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$495,000
223 W Washington Ave
$5,878
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 09, 2022 | Home Sold | $230,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $129,000 | $2,611 |
| 2023 | $83,300 | $2,611 |
| 2022 | $53,700 | $2,893 |
| 2021 | $48,700 | $2,550 |
| 2020 | $41,150 | $2,369 |
| 2019 | $36,750 | $2,176 |
| 2018 | $40,400 | $2,135 |
| 2017 | $33,500 | $2,135 |
History based on county public records data.
Nearby schools
4
Jps Montessori Center
Public District KG-5
1.0 mi
•820 Bennett St
3
Cascades Elementary School
Public Magnet KG-5
1.2 mi
•1226 S Wisner St
4
Hunt Elementary School
Public Magnet KG-5
1.7 mi
•1143 N Brown St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $11,467. The majority of Jackson, MI residents have income less than $<35k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
92%
<35k
7%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
86%
Single, No Kids
8%
Single, with Kids
3%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
4%
12-17 yrs old
30%
18-34 yrs old
46%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
UFC
Figure Skating
Soccer
Where do the neighbors shop?
Family Dollar
Forever 21
Burlington
Where do the neighbors go to eat?
Burger King
Church's Chicken
Dominos Pizza
What do the neighbors drive?
Buick
Cadillac
Mazda
What do the neighbors listen to?
Urban Contemporary
Jazz
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Jackson, MI
Transportation in Jackson includes a network of roads and highways that connect residents to nearby cities and attractions, with ongoing improvements aimed at enhancing traffic flow and safety. Public transit options are available, with bus services operating on a set schedule, facilitating access to key areas within the city. While ride-sharing services are present, the city also encourages walkability and bikeability, particularly in the downtown area, which is designed to be pedestrian-friendly.
Jackson is served by a robust educational system, including numerous public schools that cater to students from kindergarten through high school, as well as private educational institutions, some with religious affiliations. The city is home to several healthcare facilities, offering a range of services from primary care to specialized medical treatments. The public library system is extensive, providing residents with access to a wealth of resources. Retail and dining options reflect the local culture, with a mix of national chains and independent businesses that contribute to the city's diverse service landscape.
Jackson prides itself on a rich historical heritage and a strong sense of community. The city is celebrated for its vibrant cultural scene, including annual events that showcase local talent and community spirit. Residents enjoy a variety of recreational activities, with well-maintained parks and community centers serving as popular gathering spots. The downtown area, with its unique blend of historic buildings and modern amenities, serves as the cultural and social hub of the city.
The housing landscape in Jackson, Michigan, is characterized by a mix of architectural styles, with single-family homes being the most prevalent, reflecting a strong tradition of homeownership. The market is diverse, offering a range of living options from historic homes to more contemporary townhouses and apartments. The area has seen a steady growth in residential development, with a significant portion of homes dating back to the mid-20th century, contributing to the city's historic charm.
About 223 W Washington Ave
The listing price of 223 W Washington Ave property is $495,000.
The property 223 W Washington Ave is a multi located in Jackson, Michigan, 49201.
Active Listing: 223 W Washington Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 223 W Washington Ave are: Jps Montessori Center (GreatSchools Rating 4/10), Cascades Elementary School (GreatSchools Rating 3/10), Hunt Elementary School (GreatSchools Rating 4/10), Middle School at Parkside (GreatSchools Rating 3/10), Fourth Street Learning Center (GreatSchools Rating 1/10), Paragon Charter Academy (GreatSchools Rating 7/10), Jackson High School (GreatSchools Rating 5/10), Jackson Pathways (GreatSchools Rating 2/10), South Central Michigan Virtual (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $2,611 (source: MLS/based on county public records data).
The last sale was on August 9, 2022 for $230,000 (source: MLS/tax record).
The year of construction for 223 W Washington Ave is 1950.
This home is located at 223 W Washington Ave in Jackson, MI and zip code 49201. Features: 0 bathroom. It has been listed on Rocket Homes since June 15, 2025 and is currently priced at $495,000.
While more than 32 listings in Jackson, MI in May 2025 were sold above asking price, there were more than 25 listings sold at asking price, and more than 28 were sold below. The number of homes for sale in Jackson, MI increased by 4% between April and May 2025. The median list price of listings available in May 2025 was $189,967, while the average time on the real estate market was 45 days.
From Rocket Homes Real Estate and based on county public records data.