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Dowagiac 49047
303 W Wayne Street
$130,000
● House - Off Market

303 W Wayne Street

Dowagiac, MI 49047
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,630 Ft²
$873
Est. Monthly
14.70%
Cap Rate

About This Property

OPEN HOUSE WEDNESDAY, SEPTEMBER 3RD, 5:30-6:30PM

This 3 bed / 1 bath home in the city of Dowagiac offers two bedrooms upstairs, one bedroom downstairs, and a possible fourth bedroom on the main level. The bathroom is conveniently located on the main floor. Features include main-level laundry, spacious living areas, and a functional layout designed for everyday comfort. Enjoy a spacious, fenced-in backyard-perfect for outdoor activities, pets, or entertaining.
Unit Size
1,630 Ft²
Days on Market
18 days
Land Size
0.20 acres
Price per sqft
$86
Property Type
House
Property Taxes
$185
HOA Dues
-
Year Built
-

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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 #25044180)

Price History

Date / Event Date Event Price
Sep 16, 2025 Sold
Premium
Sold
Aug 31, 2025 In contract -
In contract
Aug 29, 2025 Listed by @properties Christie's Intl RE $140,000
Listed by @properties Christie's Intl RE
Feb 3, 2023 Sold
Premium
Sold
Sep 6, 2022 Listed by @properties Christie's Intl RE $130,000
Listed by @properties Christie's Intl RE
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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 Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PATRICK HAMILTON S 4TH ADDITION
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: . DW 1038 N 2/3 LOT 271 PATRICK HAMILTON'S 4TH ADD CITY OF DOWAGIAC.

Neighborhood

  • School District Name: Dowagiac Union Schools
  • School Tax School District: DOWAGIAC UNION
  • Census Tract: 001901

Geography

  • District: 160
  • Parcel: 14-160-200-546-00
  • Lot: 271
  • Municipality: DOWAGIAC CITY
  • Latitude: 41.9891
  • Longitude: -86.1109

    Address

  • Full Address: 303 W Wayne St
  • Address - House Number: 303
  • Street Direction: W
  • Address - Street Name: Wayne
  • Address - Suffix Type: St
  • State: MI
  • City Name: Dowagiac
  • Carrier Code: C001
  • 4-Digit Zip Code: 1133
  • Zip Code: 49047

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $116,044

    Appraisal Valuation

  • Standard Deviation: 0.1292
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 85
  • Final Value: 120,283
  • High Value: 135,834
  • Low Value: 104,733

    Market Valuation

  • Market Total Value: $88,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 31, 2023
  • Current Sale Recording Date: Feb 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 200284
  • Previous Sale Recording Date: Sep 22, 2021
  • Previous Sale Contract Date: Sep 21, 2021
  • Previous Sale Amount: $124,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: BAL
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 Dowagiac

Stats & Trends

Median Asking:

$140,000

Sale Price/ft²

$114

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1361 ft²

Average Home Age

84.4 years

Currently For Sale

21 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: Kassidy Binns, @properties Christie's Intl RE
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25044180
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 303 West Wayne Street built and last sold?
The property at 303 West Wayne Street was built in and last sold on Jan 31, 2023 for $129,000.
How much is this home worth?
The estimated value of the home located at 303 West Wayne Street is $0.
What are some comparable homes to 303 West Wayne Street?
There are currently no comparable homes to 303 West Wayne Street.
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