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Dowagiac 49047
404 Gray Street
$137,700
● House - Off Market

404 Gray Street

Dowagiac, MI 49047
bedrooms
2 Beds
bathrooms
1 Bath
square feet
848 Ft²
$810
Est. Monthly
9.36%
Cap Rate

About This Property

Looking for something low maintenance or considering downsizing? Check out this move-in ready 2 bed/1 bath home situated in the city of Dowagiac! Updates include new roofs on both the home and garage (2024), a new water heater & water softener (2023). The main level offers an open floor plan with 850+/- sqft of living space & laundry hookup. Hide your vehicles from the snow with the detached 2-car garage! Schedule your private showing today!
Unit Size
848 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$159
Property Type
House
Property Taxes
$147
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 #24060379)

Price History

Date / Event Date Event Price
Mar 4, 2025 Sold
Premium
Sold
Jan 27, 2025 In contract -
In contract
Nov 27, 2024 Price Decreased $134,900
↓ $5K (3.6%)
Price Decreased
Nov 20, 2024 Listed by @properties Christie's Intl RE $139,900
Listed by @properties Christie's Intl RE

Property Highlights

Garage

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: 6,970
  • 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: MESHEWS FAIRGROUNDS ADD
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: . DW 2106 LOT 68 MESHEW'S FAIRGROUNDS ADD CITY OF DOWAGIAC.

Neighborhood

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

Geography

  • District: 160
  • Parcel: 14-160-300-771-00
  • Lot: 68
  • Municipality: DOWAGIAC CITY
  • Latitude: 41.9851
  • Longitude: -86.0965

    Address

  • Full Address: 404 Gray St
  • Address - House Number: 404
  • Address - Street Name: Gray
  • Address - Suffix Type: St
  • State: MI
  • City Name: Dowagiac
  • Carrier Code: C005
  • 4-Digit Zip Code: 1527
  • Zip Code: 49047

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $80,082

    Appraisal Valuation

  • Standard Deviation: 0.2671
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 46
  • Final Value: 116,094
  • High Value: 147,105
  • Low Value: 85,082

    Market Valuation

  • Market Total Value: $83,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,600
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

Unit for rent at 113 S Front Street, Dowagiac, MI, 49047

$1,300 /mo

  • 1 Bed
  • 1 Bath
  • 3,576 ft²
113 S Front Street #B, Dowagiac, MI, 49047 Listing by Matthew Money

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Martha Hassle, @properties Christie's Intl RE
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24060379
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 404 Gray Street built and last sold?
The property at 404 Gray 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 404 Gray Street is $136,441.
What are some comparable homes to 404 Gray Street?
There are currently no comparable homes to 404 Gray Street.
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