$1,781 Closing Credit¹
#287037, Kelly Bila, Listing Office: Berkshire Hathaway HomeServices
$255,000 List price
408 E Exchange St Owosso, MI 48867
$3,028
Closing credit¹
0.2 acres
Multi-Family
Property details
About 408 E Exchange St
Four unit rental house. Turn key investment. Live in one and rent the others. 100% occupied, a no smoking/no pets rental house. Convenient location, coin W/D in basement accessible to all units, 2 driveways. Units 1 & 3 pay their own electric/cable/wifi. Unit 4 all utilities included. Owner pays water/sewer, heat, trash & lawn maint. Storage cabinets in basement for tenant use, Boiler heat. Each unit's sq ft is estimated.
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
BasementYes
Lot size0.2 Acres
Year built1900
ParkingAdditional Parking, Assigned, Carport, Driveway, On Street, Side By Side
MLS #287471
Garage4 spaces
Summary
- Appliances: Water Heater
- Basement: Yes
- Flooring Type: Carpet, Vinyl
- Garage Space: 4 spaces
- Attached Garage: No
- Parking: Additional Parking, Assigned, Carport, Driveway, On Street, Side By Side
- Exterior: Private Entrance, Private Yard, Storage
- Architectural Style: Multi-Story
- Heating: Forced Air, Natural Gas
- Cooling: None
- List Price: $255,000
- Annual Tax Amount: $4,641
- Tax Year: 2024
- Lot: Back Yard, City Lot
- Directions: North of M-21 East of Park South of Mason West of Hickory
- Year Built: 1900
- Lot Size: 0.2 Acres
- MLS Number: 287471
- MLS Name: Greater Lansing Association of REALTORS®
- Office Name: Berkshire Hathaway HomeServices
- Office Phone: (517) 351-3617
- Office Email: dbarnett@tomieraines.com
- Listing Agent: Kelly Bila
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright © 2025 Greater Lansing Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2025, 7:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$255,000
408 E Exchange St
$3,028
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 02, 2021 | Home Sold | $215,000 |
| Apr 03, 2013 | Home Sold | $25,000 |
| May 02, 2005 | Home Sold | $112,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $88,000 | $4,641 |
| 2023 | $78,800 | $4,470 |
| 2022 | $71,500 | $2,991 |
| 2021 | $60,400 | $3,024 |
| 2020 | $56,100 | $- |
| 2019 | $52,600 | $- |
| 2018 | $46,600 | $- |
| 2017 | $46,300 | $- |
History based on county public records data.
Nearby schools
4
Emerson School
Public District KG-5
0.3 mi
•515 E Oliver St
5
Central School
Public District KG-5
0.7 mi
•600 W Oliver St
4
Bryant School
Public District KG-5
1.2 mi
•925 Hampton 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 $36,948. The majority of Owosso, MI residents have income less than $<35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
47%
<35k
45%
35k-100k
8%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
45%
Single, No Kids
19%
Single, with Kids
15%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
12%
12-17 yrs old
23%
18-34 yrs old
38%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
White Castle
Church's Chicken
Golden Corral
What do the neighbors drive?
Chevrolet
Kia
Buick
What do the neighbors listen to?
Rock
Urban Adult Contemporary
Adult Standards
All data provided by Home Junction and Claritas
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This home is located at 408 E Exchange St in Owosso, MI and zip code 48867. Features: 0 bathroom. It has been listed on Rocket Homes since April 18, 2025 and is currently priced at $255,000.
While more than 3 listings in Owosso, MI in April 2025 were sold above asking price, there were more than 7 listings sold at asking price, and more than 11 were sold below. The inventory of homes for sale in Owosso, MI between March and April 2025 increased by 21.7%. The median list price of listings available in April 2025 was $160,000, while the average time on the real estate market was 33 days.
From Rocket Homes Real Estate and based on county public records data.