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Sold on 10/28/2025
  • Exterior
  • Other
  • Entry Way
  • Bedroom
  • Kitchen
  • Bath
  • Dining
  • Living

408 Exchange St, Owosso, MI 48867

  • $222,000

    Last sold 10/28/2025 after 194 Days

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    bed

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    bath

Multi-family not for sale
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About 408 Exchange St

Property type Multi-family
Year built 1900
HOA fee $0/month
Lot size 8,712 Sqft
Movoto estimate
Parking 4 garage spaces
Rental estimate
Property description
Four unit rental house. Turn key investment. Live in one and rent the others. 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.
Listed by
Listing Agent - Kelly Bila
Listing Office - Berkshire Hathaway HomeServices
Source: Greater Lansing Area Realtors mls logo
MLS#287471 • last updated 8 months ago
Movoto checked Greater Lansing Area Realtors for data 17 minutes ago
Overview
Cooling/AC None
Heating Forced Air, Natural Gas
Levels/Style Two, Multi-Story
MLS # 287471
SubType Quadruplex
Status Closed
Lot Size (Acres) 0.2
Lot Size (Sqft) 8712
Tax Assessed Value 81271
Year Built 1900
Interior
Basement Shared
Laundry Common Area, In Basement, See Remarks
Flooring Carpet, Vinyl
Appliances Water Heater
Exterior
Roof Shingle
Foundation Brick/Mortar, Combination, Concrete Perimeter
Construction Vinyl Siding, Aluminum Siding
# of Parking Spaces 6
Parking Additional Parking, Assigned, Carport, Driveway, Side By Side
Patio/Porch Front Porch
Fencing Back Yard, Fenced, Privacy, Wood, See Remarks
Exterior Features Private Entrance, Private Yard, Storage
Lot Features Back Yard, City Lot
Amenities / Utilities
Water Source Public
Sewer/Septic Public Sewer
Spa None
Pool None
Location
Subdivision None
High School District Owosso
APN 78-050-666-000-012-00
Directions North Of M-21 East Of Park South Of Mason West Of Hickory
Multifamily Details
Total # of Units 4
Net Operating Income 24047
Lot/ Land Details
Road Frontage City Street
Road Surface Paved
$218K
Range: $196K-$239K
Last 30 days 
Rental est.: $909/month
Gross rent multiplier: 20.4
  • Nov 2025
    Public Records
  • Nov 12, 2025 Sold
    $222,000
  • Nov 2025
    mls logo MLS # 287471
  • Nov 7, 2025 Sold
    $222,000 (-3.5%)
  • Oct 28, 2025 Pending
    —
  • Sep 29, 2025 Price Change
    $230,000 (-4.2%)
  • Jul 17, 2025 Price Change
    $240,000 (-4.0%)
  • May 14, 2025 Price Change
    $250,000 (-2.0%)
  • Apr 17, 2025 Listed
    $255,000 (+18.6%)
  • Jul 2021
    mls logo MLS # 60050039014
  • Jul 11, 2021 Sold
    $215,000
  • Apr 30, 2021 Pending
    —
  • Apr 15, 2021 Listed
    $237,900 (+851.6%)
  • Jul 2021
    Public Records
  • Jul 2, 2021 Sold
    $215,000 (-9.6%)
  • Apr 2013
    Public Records
  • Apr 3, 2013 Sold
    $25,000 (-77.7%)
  • May 2005
    Public Records
  • May 2, 2005 Sold
    $112,000
  • 408 Exchange St
    $222K
  • —
  • 48867
    $189K +5% y/y
  • Owosso
    $186K +4% y/y
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7/10
Owosso High School
public Grades 9-12
Owosso Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

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