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Jackson 49202
300 E Monroe Street
$48,000
● House - Off Market

300 E Monroe Street

Jackson, MI 49202
bedrooms
2 Beds
bathrooms
1 Bath
square feet
576 Ft²
$396
Est. Monthly
19.51%
Cap Rate

About This Property

This bungalow is the perfect size and features an updated panel and On demand water! This is a great investment opportunity with a wonderful location, situated on 1 1/2 lots on the cities north side!
Unit Size
576 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$104
Property Type
House
Property Taxes
$101
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #24047827)

Price History

Date / Event Date Event Price
Feb 10, 2025 In contract -
In contract
Feb 10, 2025 Sold
Premium
Sold
Jan 27, 2025 Relisted $59,900
Relisted
Dec 27, 2024 In contract -
In contract
Sep 11, 2024 Listed by HOWARD HANNA REAL ESTATE SERVI $59,900
Listed by HOWARD HANNA REAL ESTATE SERVI

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 7
  • Garage Square Area: 336
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,189
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 625
  • Total Building Area: 576
  • Building Area: 576
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 576
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KEYSER WOODFIELD ADD
  • Land Acres: 0000000188
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: W 19 FT 7 INCHES OF LOT 12 KEYSER WOODFIELD ADD & A PIECE OF LAND 43 FT E & W & 131.18 FT N & S ADJ TO 12 ON W SD LAND BEING

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 006900

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS
  • District: 50
  • Parcel: 8-202500000
  • Lot: 12
  • Meridian: SEC 26 TWN 02S RNG 01W
  • Municipality: JACKSON CITY
  • Latitude: 42.265
  • Longitude: -84.4006

    Address

  • Full Address: 300 E Monroe St
  • Legal Unit: 12
  • Address - House Number: 300
  • Street Direction: E
  • Address - Street Name: Monroe
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C009
  • 4-Digit Zip Code: 2364
  • Zip Code: 49202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $101,185
  • Initial Tax Delinquent Year: 2016
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.251
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 64
  • Final Value: 74,446
  • High Value: 93,139
  • Low Value: 55,753

    Market Valuation

  • Market Total Value: $43,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,800
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

1485 ft²

Average Home Age

98.3 years

Currently For Sale

119 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: KAYLA DOMINIQUE, HOWARD HANNA REAL ESTATE SERVI
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24047827
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 300 East Monroe Street built and last sold?
The property at 300 East Monroe Street was built in 1955 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 300 East Monroe Street is $61,206.
What are some comparable homes to 300 East Monroe Street?
There are currently no comparable homes to 300 East Monroe Street.
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