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Sold on 12/05/2019
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388 Third, Manistee, MI 49660

$224,000

Last sold 12/05/2019 for $130K

  • —

    bed

  • —

    bath

  • 850

    Sqft ($153/Sqft)

Multi-family not for sale
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About 388 Third

Property type Multi-family
Neighborhood
Year built 1970
HOA fee $0/month
Lot size 4,792 Sqft
Movoto estimate
Rental estimate
Property description
Well-maintained 3 unit rental property in a great location. Property was a single-family home years ago, and was converted into 3 units (a 2 bedroom on the main level, and two 1 bedroom apartments upstairs). Currently the landlord pays the heat bill (natural gas), water and trash. Tenants pay their own electric. There are no washer/dryer units on site per landlord's choice, however there is availability for a set in the basement. This is a great investment opportunity for someone looking to expand their rental portfolio.
Listed by
Listing Agent - Emily Waddell
Listing Office - REO-Cadillac-233028
Source: MiRealSource, Inc mls logo
MLS#1332258 • last updated 4 years ago
Movoto checked MiRealSource, Inc for data 2 minutes ago
Overview
Heating Forced Air
Status Closed
Type Multi-Family
SubType Apartment
Lot Size (Acres) 0.11
Total Tax Amount 2341
Year Built 1970
Interior
Basement Poured
Interior Features Cathedral/Vaulted Ceiling
Exterior
Construction Wood
Amenities / Utilities
Fuel Type Natural Gas
Sewer/ Septic Public Sanitary
Water Public Water
Water Heater Electric
Location
Water Features None
County Manistee (51021)
Subdivision None
Zoning Multi-Family
$224K
Range: $138K-$309K
Last 30 days 
Rental est.: $966/month
Gross rent multiplier: 11.2
  • Aug 2021
    mls logo MLS # 70202763
  • Aug 30, 2021 Sold
    $175,000
  • Jul 14, 2021 Listed
    $175,000
  • Aug 2021
    mls logo MLS # 67021032448
  • Aug 30, 2021 Sold
    $175,000
  • Jul 15, 2021 Contingent - Continue To Show
    —
  • Jul 14, 2021 Listed
    $175,000 (+34.6%)
  • Dec 2019
    mls logo MLS # 1868674
  • Dec 9, 2019 Sold
    $130,000
  • Dec 5, 2019 Pending
    —
  • Oct 18, 2019 Listed
    $129,900
  • Dec 2019
    mls logo MLS # 1332258
  • Dec 9, 2019 Sold
    $130,000
  • Oct 18, 2019 Listed
    $129,900
  • Year Property taxes Tax assessment
  • 2024
    $4,911 +6.7%
    $107,400 +18.67%
  • 2023
    $4,602
    $90,500
  • 388 Third
    $130K
  • Manistee (51021)
    —
  • 49660
    $309K +3% y/y
  • Manistee
    $309K +3% y/y
No chart available
Statistics calculated by Movoto

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5/10
John F. Kennedy Elementary School
public Grades 3-5
Manistee Area Public Schools
7/10
Manistee High School
public Grades 6-12
Manistee Area Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

Around Manistee (51021)

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