Movoto Real Estate
Sold on 09/30/2025
  • Exterior
  • Kitchen
  • Other
  • Entry Way
  • Bath
  • Living
  • Bedroom
  • Floorplan

47 S 3rd, Niles, MI 49120

$285,700

Last sold 09/30/2025 for $360K

  • —

    bed

  • —

    bath

  • 3,325

    Sqft ($108/Sqft)

Multi-family not for sale

About 47 S 3rd

Property type Multi-family
Neighborhood
Year built 1918
HOA fee $0/month
Lot size 7,841 Sqft
Movoto estimate
Rental estimate
Property description
This fully remodeled 3-unit property in the City of Niles is turnkey and ready for its next owner. It offers two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, all updated with new electric, new windows, plumbing, and HVAC plus a 2-zone system for efficiency. The front porch is newly rebuilt to enjoy throughout the year. Features include two water heaters, coin-operated laundry in the basement for added income, and a third floor blank canvas for expansion, storage, or office space. With projected monthly income of $3,800-$4,400 and the flexibility of being vacant, the new owner can create their own rental model from the start. Located near downtown shops, dining, and community attractions, this is a prime opportunity for investors seeking cash flow in a growing market.
Listed by
Listing Agent - Catherine Waggoner
Listing Office - CK Home Group
Source: MiRealSource, Inc mls logo
MLS#70492316 • last updated 1 year ago
Movoto checked MiRealSource, Inc for data 32 minutes ago
Overview
Heating Forced Air
Status Accepting Backup Offers
Type Multi-Family
Lot Size (Acres) 0.18
Total Tax Amount 699
Originating MLS Southwestern Michigan Association Of REALTORS
HOA Fee 12327
Year Built 1918
Interior
# Fireplaces No
Exterior
Foundation Basement
Construction Wood
Lot Desc Sidewalks
Amenities / Utilities
Fuel Type Natural Gas
Location
County Niles (11039)
Zoning Berrien Niles City
Multifamily Details
Total Units 3
$285K
Range: $255K-$316K
Last 30 days 
Rental est.: $1,032/month
Gross rent multiplier: 29.1
  • Nov 2025
    Public Records
  • Nov 7, 2025 Sold
    $360,000
  • Nov 2025
    mls logo MLS # 70492316
  • Nov 7, 2025 Sold
    $360,000
  • Sep 16, 2025 Accepting Backup Offers
    —
  • Sep 5, 2025 Listed
    $385,000
  • Nov 2025
    mls logo MLS # 69025045667
  • Nov 7, 2025 Sold
    $360,000 (-6.5%)
  • Sep 16, 2025 Active
    —
  • Sep 5, 2025 Listed
    $385,000
  • Year Property taxes Tax assessment
  • 2025
    $535 -23.4%
    $20,300 +5.73%
  • 2024
    $699 -15.8%
    $19,200 +11.63%
  • 2023
    $830 +31.2%
    $17,200 +43.33%
  • 2022
    $632
    $12,000
  • 47 S 3rd
    $360K
  • Niles (11039)
    —
  • 49120
    $275K +5% y/y
  • Niles
    $260K +4% y/y
No chart available
Statistics calculated by Movoto

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6/10
N/A
5/10
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Source: GreatSchools.org © 2026. All rights reserved.

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