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Jackson 49202
118 N Gorham Street
$155,000
● House - Off Market

118 N Gorham Street

Jackson, MI 49202
bedrooms
4 Beds
bathrooms
2 Baths
square feet
3,666 Ft²
$894
Est. Monthly
19.81%
Cap Rate

About This Property

This is your chance to own a one of a kind piece of Jackson History! This home was originally the Jackson Firehouse No. 3. Remodeled to offer full living spaces on the first and second floors this gem offers full bathrooms and laundry, newer water heaters and HVAC,  kitchens, and 2 bedrooms, dining areas and spacious living rooms on BOTH floors. Along with the spacious garage where the firefighting carriages used to be held, this functional and fun home offers endless possibilities! This is truly a one of a kind property that you won't want to miss in the City of Jackson!
Unit Size
3,666 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$44
Property Type
House
Property Taxes
$108
HOA Dues
-
Year Built
1890

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #24004122)

Price History

Date / Event Date Event Price
Mar 18, 2024 Sold
Premium
Sold
Jan 18, 2024 Listed by PRODUCTION REALTY $160,000
Listed by PRODUCTION REALTY

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 3,666
  • Building Area: 3,666
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,666
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAST ADD
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 18 BLK 13 EAST ADD

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 000400

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: MAPS 7-35
  • District: 50
  • Parcel: 7-121400000
  • Block: 13
  • Lot: 18
  • Municipality: JACKSON CITY
  • Latitude: 42.2532
  • Longitude: -84.3798

    Address

  • Full Address: 118 N Gorham St
  • Legal Unit: 18
  • Address - House Number: 118
  • Street Direction: N
  • Address - Street Name: Gorham
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C005
  • 4-Digit Zip Code: 3612
  • Zip Code: 49202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $111,328
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.1115
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 88
  • Final Value: 158,861
  • High Value: 176,590
  • Low Value: 141,132

    Market Valuation

  • Market Total Value: $157,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $78,500

    Exemptions

  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Jackson

Stats & Trends

Median Asking:

$149,000

Sale Price/ft²

$113

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1544 ft²

Average Home Age

98.1 years

Currently For Sale

109 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MichRIC

Listed by: Jonathon Eric Ferguson, PRODUCTION REALTY
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24004122
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 118 North Gorham Street built and last sold?
The property at 118 North Gorham Street was built in 1890 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 118 North Gorham Street is $0.
What are some comparable homes to 118 North Gorham Street?
There are currently no comparable homes to 118 North Gorham Street.
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