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Jackson 49201
1218 Forest Avenue
$135,000
● House - Off Market

1218 Forest Avenue

Jackson, MI 49201
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,848 Ft²
$835
Est. Monthly
19.43%
Cap Rate

About This Property

PLEASE SUBMIT YOUR OFFER BY 5pm, TUESDAY, JUNE 23,2025. This timeless 1920s American Four Square blends classic charm with everyday convenience. From the inviting enclosed front porch to the rich woodwork and generous room sizes, you'll appreciate the craftsmanship and character throughout. Ideally located near parks, healthcare, and vibrant downtown Jackson, this 3-bedroom, 1-bath home offers comfortable living spaces, ample storage, and flexible hobby areas. The fun backyard and detached garage add to the appeal. Built to endure, this beloved home is ready to serve you and yours for years to come.
Unit Size
1,848 Ft²
Days on Market
29 days
Land Size
0.11 acres
Price per sqft
$70
Property Type
House
Property Taxes
$197
HOA Dues
-
Year Built
1920

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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: 2 years ago (MichRIC MLS #25029508)

Price History

Date / Event Date Event Price
Jul 18, 2025 Sold
Premium
Sold
Jun 27, 2025 In contract -
In contract
Jun 19, 2025 Listed by The Brokerage House $129,900
Listed by The Brokerage House
Dec 16, 2021 Sold
Premium
Sold
Oct 14, 2021 Listed by EXIT REALTY 1ST LLC $82,320
Listed by EXIT REALTY 1ST LLC

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 9
  • Basement Area: 672
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,835
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 484
  • Total Building Area: 1,176
  • Gross Building Area: 1,176
  • Building Area: 1,176
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,176
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LOOMIS HOMEWILD ADD
  • Land Acres: 0000000111
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 15 HALL & KENNEDY'S ALTERATION OF BLK 3 & LOT 7 BLK 2 LOOMIS HOMEWILD 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
  • District: 50
  • Parcel: 7-086400000
  • Block: 2-3
  • Lot: 7,15
  • Municipality: JACKSON CITY
  • Latitude: 42.2518
  • Longitude: -84.3904

    Address

  • Full Address: 1218 Forest Ave
  • Legal Unit: 15,7
  • Address - House Number: 1218
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Jackson
  • Carrier Code: C034
  • 4-Digit Zip Code: 1822
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $184,807
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.2735
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 60
  • Final Value: 90,738
  • High Value: 115,558
  • Low Value: 65,918

    Market Valuation

  • Market Total Value: $61,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,900
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:

$148,900

Sale Price/ft²

$113

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1484 ft²

Average Home Age

98.2 years

Currently For Sale

117 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

Rentals Near You

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MichRIC

Listed by: JENIFER SCANLON, The Brokerage House
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25029508
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 1218 Forest Avenue built and last sold?
The property at 1218 Forest Avenue was built in 1920 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1218 Forest Avenue is $135,234.
What are some comparable homes to 1218 Forest Avenue?
There are currently no comparable homes to 1218 Forest Avenue.
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