213 Palmer Street

Rives Junction, MI 49277

$399,000
Price
6
Beds
—Sq. Ft.
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Sq. Ft.
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per Sq. Ft.
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Description

RURAL DUPLEX INVESTMENT WITH STRONG CASH FLOW AND SELLER LEASEBACK OPPORTUNITY - Turnkey rural duplex offering diversified rental income, outbuildings, and a built-in tenant via a sale-leaseback structure below current appraised value. This is a rare chance to acquire income-producing real estate with an agreed 36 month buy-back that targets a strong return on capital. Property And Unit Details
• Unit 1: Currently rented at $2,500 per month, featuring 4 bedrooms, 2 bathrooms, a finished basement,...RURAL DUPLEX INVESTMENT WITH STRONG CASH FLOW AND SELLER LEASEBACK OPPORTUNITY - Turnkey rural duplex offering diversified rental income, outbuildings, and a built-in tenant via a sale-leaseback structure below current appraised value. This is a rare chance to acquire income-producing real estate with an agreed 36 month buy-back that targets a strong return on capital. Property And Unit Details
• Unit 1: Currently rented at $2,500 per month, featuring 4 bedrooms, 2 bathrooms, a finished basement, and an on-site pole barn for storage, vehicles, or equipment - ideal for an owner-occupant or high-quality long-term tenant. Property And Unit Details
• Unit 1: Currently rented at $2,500 per month, featuring 4 bedrooms, 2 bathrooms, a finished basement, and an on-site pole barn for storage, vehicles, or equipment - ideal for an owner-occupant or high-quality long-term tenant • Unit 2: Currently rented at $650 per month, offering 2 bedrooms, 1 bathroom, and a kitchenette area, perfect for steady supplemental income or multi-generational living. • Unit 2: Currently rented at $650 per month, offering 2 bedrooms, 1 bathroom, and a kitchenette area, perfect for steady supplemental income or multi-generational living • Rural setting provides privacy and a country feel while still within reasonable access to nearby towns, services, and employment corridors. • Rural setting provides privacy and a country feel while still within reasonable access to nearby towns, services, and employment corridors • The seller is specifically seeking an investor to complete a sale-leaseback transaction, selling the property and leasing it back to continue occupancy and operations. The property will be conveyed under current appraised value, creating immediate equity for the purchaser and supporting a compelling projected yield, especially with the agreed 36 month buy-back component. Investment HighlightsTHIS IS A SPECIAL DELIMITER SENTENCE. Investment HighlightsTHIS IS A SPECIAL DELIMITER SENTENCE " Strong in-place rent roll from two units with different price points, reducing vacancy risk and supporting consistent monthly cash flow.
" Sale-leaseback structure keeps a committed tenant in place from day one, minimizing downtime and turnover costs for the investor.
" Contracted 36 month buy-back arrangement is designed to deliver a heavy return on investment over a defined hold period, making this an attractive option for investors seeking predictable exit timing.
  1. Listed by Doug Beiswanger • Brokerage DRE #6505425011 • Coldwell Banker Beiswanger Realty Group
    P: (517)-914-9555 C: (517)-914-9555 doug@mirealestatepro.com

Property Details for 213 Palmer Street

Zoning
Resd
ZoningDescription
Resd
LISTING UPDATED: 05/22/2026 02:04 PM

Property Details for 213 Palmer Street

StatusActive
MLS #26024290
Days on Market12
Taxes$5,610 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / 2 to 4 Units
Year Built1900
Lot Size0.63 AC / 27,443 SF
CountyJackson County
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Location

Listing Courtesy of Coldwell Banker Beiswanger Realty Group
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Building Information for 213 Palmer Street

Stories-Residences2Year Built1900Building Size-Lot Size0.63 AC / 27,443 SF

Payment Calculator

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$2,456 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,988

Property Taxes

$468

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 213 Palmer Street

Summary
Location and General Information
  • Cross Streets: Rives Eaton Rd/E Main St
  • Municipality: Rives Twp
  • Subdivision: Palmer's Plat of Rives Junc
  • Directions: In Rives, from Rives Eaton Rd, W on E Main, S on Palmer St.
  • Street #: 213
  • Street Name: Palmer
  • Suffix: Street
  • City: Rives Junction
  • State: MI
  • Zip Code: 49277
  • County: Jackson
  • Latitude: 42.384551
  • Longitude: -84.460949
Taxes and HOA
  • Taxable Value: 138695.0
  • Approx. Assoc Fee: $0
  • Tax ID #: 000-03-17-303-002-02
  • Homestead: 100
  • SEV: 172400
Parking
  • Parking Features: Aggregate, Driveway
  • Parking Total: 25.0
  • Attached Garage: No
  • Driveway: Aggregate
Property
Lot Information
  • Lot Features: Level
  • Lot Dimensions: 66x238
  • Lot Measurement: Acres
  • Lot Acres: 0.63
  • Lot Square Footage: 27443.0
  • Lot Size Area: 0.63
Property and Assessments
  • Tax Year: 2025
  • Road Surface Type: Paved
  • Legal: LOTS 16 AND 17 ALSO THE S 10 FT OF THE W 24 FT OF LOT 18 ALSO LOT 19 EXCEPT THE S 8.16 FT THEREOF OF PALMER'S PLAT OF RIVES JUNCTION; SPLIT ON 09/17/2008 FROM 000-03-17-303-002-01;
  • Property Sub-Type: 2 to 4 Units
  • New Construction: No
  • Total Floor Plans Count: 5
  • Floor Plans Change Timestamp: 05-22-2026 01:55:51 PM
  • Property Type: Multi Family
  • Year Built: 1900
  • Videos Change Timestamp: 05-22-2026 01:55:51 PM
  • Video Groups: 1
  • Mineral Rights: Unknown
  • Accessibility Features YN: No
Utilities
  • Utilities: Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected
  • Electric: True
  • Sewer: Public Sewer, True
  • Water Source: Private Water, Well
  • Util Avail at Street: Cable Available, High Speed Internet
  • Utilities Attached: Electricity Connected, Natural Gas Connected, Phone Connected
  • Water: Private Water, Well
Interior and Exterior Features
Exterior Features
  • Roof: Other, Composition
  • Construction Materials: Brick, Vinyl Siding
  • Street Type: Paved, Public
  • Exterior Material: Brick, Vinyl Siding
  • Roofing: Composition, Other
  • Substructure: Full
Interior Features
  • Heating: Forced Air
  • Laundry Features: Laundry Room, Main Level
  • Basement: Yes
  • Cooling: Central
  • Basement Yes/No: Yes
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): 0.0
  • Bathrooms Total (Notational): 0.0
  • Cooling: Yes
  • Heating: Yes
  • Heat Source: Natural Gas
  • Heat Type: Forced Air
  • Air Conditioning: Central Air
Multi Family
Multi Family Information
  • Number of Units: 2
Unit Information
Unit 1
  • BathsTotal: 2
  • BedsTotal: 4
  • FullBaths: 2
  • HalfBaths: 0
  • ActualRent: $2,000.00
  • SqFt: 3282.0
  • Description: Residence
Unit 2
  • BathsTotal: 1
  • BedsTotal: 2
  • FullBaths: 1
  • HalfBaths: 0
  • ActualRent: $650.00
  • Description: Guest
Rental
Rental Information
  • Occupant Type: Owner
  • Tenant Pays: Electric, Gas, Sewer, Trash
  • Owner Pays: None
  • Terms Available: Cash, Conventional, Tax Def Exchange

Property History for 213 Palmer Street

DateEvent & SourcePriceAppreciation
May 22, 2026

Listed (Active)

Michigan Regional Information Center #26024290

$399,000—
Feb 4, 2026

Sold

Michigan Regional Information Center #21041114

—
Jul 19, 2021

Contract Signed

Michigan Regional Information Center #21041114

—
DateEvent & SourcePrice
05/22/2026

Listed (Active)

Michigan Regional Information Center #26024290

$399,000
02/04/2026

Sold

Michigan Regional Information Center #21041114

—
07/19/2021

Contract Signed

Michigan Regional Information Center #21041114

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 213 Palmer Street

Taxable ValueLand$9,700Additions$162,700Total$172,400
Tax Record2024$4,966 ($414 / month)
Home Facts
Beds4Total Finished SqFt3,282 SqFtAbove Grade Finished SqFt3,282 SqFtLot Size27,443 SqFtStyleSingle Family ResidenceYear Built1960ZoningRESCountyJACKSONAPN000-03-17-303-002-02

Schools near 213 Palmer Street

This home is within Northwest Community Schools.
Rating
School
Type
Grades
Distance
Northwest Early Elementary School
Public - K to 2
Northwest Elementary School
Public - 3 to 5
R.W. Kidder Middle School
Public - 6 to 8
Northwest High School
Public - 9 to 12
Rating
School
Distance
Northwest Early Elementary School
PublicK to 2

Northwest Elementary School
Public3 to 5

R.W. Kidder Middle School
Public6 to 8

Northwest High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 213 Palmer Street, Rives Junction, MI 49277

213 Palmer Street is a multi-family home for sale in Rives Junction, MI 49277. This property was listed for sale on May 22, 2026 by Coldwell Banker Beiswanger Realty Group, it's currently listed at $399,000. It has been on the market for a total of 12 days and was last sold on February 4, 2026. This listing's school district is Northwest Community Schools. Nearby schools include Northwest Early Elementary School, Northwest Elementary School and R.W. Kidder Middle School. 213 Palmer Street is a 6-bed, 3-bath, multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Beiswanger Realty Group

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