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Dowagiac 49047
403 Oak Street
$3,000
● Land - Off Market

403 Oak Street

Dowagiac, MI 49047
bedrooms
Studio
bathrooms
0 Bath
$25
Est. Monthly

About This Property

This small but buildable city lot in the heart of Dowagiac, MI, offers a fantastic opportunity to create your ideal home or investment property. Situated in a convenient location close to downtown shops, restaurants, schools, and parks, this lot provides easy access to city water, sewer, natural gas and electricity, making building simple. Its compact size is perfect for a low-maintenance home with modern urban living in mind. Don't miss this chance to own an affordable piece of land in a charming, growing community. Call today for more details or to schedule a viewing!
Unit Size
-
Days on Market
316 days
Land Size
0.09 acres
Price per sqft
-
Property Type
Land
Property Taxes
$6
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: 9 months ago (MichRIC MLS #25012684)

Price History

Date / Event Date Event Price
Feb 11, 2026 Sold
Premium
Sold
Feb 1, 2026 In contract -
In contract
Jan 12, 2026 Price Decreased $3,900
↓ $1K (20.4%)
Price Decreased
Oct 1, 2025 Price Decreased $4,900
↓ $2K (24.6%)
Price Decreased
Apr 1, 2025 Listed by eXp Realty $6,500
Listed by eXp Realty
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: 4,356
  • 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: MCOMBERS 3RD ADD
  • Land Acres: 0000000100
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: . DW 1924 COM ON ELY LINE LOT 152, 105 FT NELY FRM MOST SLY COR NWLY 78 FT TO W LINE OF LOT, N 54.8 FT SELY 110.8 FT TO ELY

Neighborhood

  • School District Name: Dowagiac Union Schools
  • School Tax School District: DOWAGIAC UNION
  • Census Tract: 002000

Geography

  • District: 160
  • Parcel: 14-160-300-648-00
  • Lot: 105,152
  • Municipality: DOWAGIAC CITY
  • Latitude: 41.99
  • Longitude: -86.1022

    Address

  • Full Address: 403 Oak St
  • Address - House Number: 403
  • Address - Street Name: Oak
  • Address - Suffix Type: St
  • State: MI
  • City Name: Dowagiac
  • Carrier Code: C005
  • 4-Digit Zip Code: 1340
  • Zip Code: 49047

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,020

    Market Valuation

  • Market Total Value: $3,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,800
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 Dowagiac

Stats & Trends

Median Asking:

$140,000

Sale Price/ft²

$113

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1261 ft²

Average Home Age

92.7 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

Unit for rent at 105 Beeson Street, Dowagiac, MI, 49047

$1,700 /mo

  • 2 Beds
  • 1 Bath
  • 1,200 ft²
105 Beeson Street #A, Dowagiac, MI, 49047 Listing by Matthew Money

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Van Homes Team, eXp Realty
Last Updated: 9 months ago
Data Source: MichRIC, MLS# 25012684
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 403 Oak Street built and last sold?
The property at 403 Oak Street was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 403 Oak Street is $0.
What are some comparable homes to 403 Oak Street?
There are currently no comparable homes to 403 Oak Street.
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