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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Niles, MI
Rental Income
$ 140,000
ROI
32.6
Cash Flow/m
501- 4 Bed
- 2 Bath
- 2820 sft
16 S 7th St, Niles, MI, 49120
Rental Income
$ 149,900
ROI
33.0Cash Flow/m
552- 4 Bed
- 2 Bath
- - sft
934 N 5th St, Niles, MI, 49120
$ 149,900
ROI
31.3Cash Flow/m
481- 2 Bed
- 2 Bath
- 2296 sft
516 Cedar St, Niles, MI, 49120
Rental Income
$ 140,000
ROI
32.3Cash Flow/m
490- 3 Bed
- 2 Bath
- 1200 sft
514 S 5th St, Niles, MI, 49120
Why Invest in Niles, Michigan?
Investing in multi-family properties in Niles, MI offers a balanced approach to income and growth. This area benefits from a stable rental market with a cap rate of around 6.2% and an average rental yield of 7.1%. Investors typically see an average ROI of 8.5%, supported by affordable entry prices and a steady average cash flow near $900 per unit. Appreciation rates hover near 3.5%, reflecting a healthy housing market and rising demand by renters who currently occupy about 55% of residences.
8.5%
Avg. ROI
7.1%
Rental Yield
6.2%
Cap Rate
$900/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average ROI for multi-family properties in Niles, MI is approximately 8.5%, supported by steady rental yields and moderate appreciation.
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