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Jackson 49202
537 Newell Avenue
$174,900
● House - Off Market

537 Newell Avenue

Jackson, MI 49202
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,170 Ft²
$947
Est. Monthly
18.99%
Cap Rate

About This Property

Great home in Blackman Township.  4 bedroom 1.5 baths.  Large main floor living room and kitchen.  2 main floor bedrooms and full bath as well as 2 second floor bedrooms and 1/2 bath.  Laundry area in basement.  Nice screened in porch off the back of the home.  Large 2 car attached garage and fenced in back yard.  Appliances included.  New flooring in kitchen and office/sitting area.  Newer roof with warranty.  Check it out.
Unit Size
1,170 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$145
Property Type
House
Property Taxes
$112
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: 3 years ago (MichRIC MLS #23139752)

Price History

Date / Event Date Event Price
Dec 13, 2023 Sold
Premium
Sold
Oct 25, 2023 Listed by Heart for Homes, LLC $169,900
Listed by Heart for Homes, LLC

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • 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: 936
  • Garage Type: 7
  • Garage Square Area: 710
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,979
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,170
  • Building Area: 1,170
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,170
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODWORTH ADD
  • Land Acres: 0000000275
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOTS 37 AND 38 WOODWORTH ADDITION

Neighborhood

  • School District Name: Northwest School District
  • School Tax School District: 38140
  • Census Tract: 005700

Zoning

  • Zoning: RU-1

Geography

  • Assessors Map Reference: MAPS
  • District: 01
  • Parcel: 000-08-22-379-005-00
  • Lot: 37-38
  • Municipality: BLACKMAN TWP
  • Latitude: 42.2768
  • Longitude: -84.4165

    Address

  • Full Address: 537 Newell Ave
  • Address - House Number: 537
  • Address - Street Name: Newell
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Jackson
  • Carrier Code: C012
  • 4-Digit Zip Code: 1626
  • Zip Code: 49202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $64,707
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.111
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 88
  • Final Value: 167,828
  • High Value: 186,465
  • Low Value: 149,192

    Market Valuation

  • Market Total Value: $112,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $56,100

    Exemptions

  • Homeowner Exemption: Yes
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:

$233,000

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1889 ft²

Average Home Age

74.5 years

Currently For Sale

414 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

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MichRIC

Listed by: TAD FRENCH, Heart for Homes, LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23139752
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 537 Newell Avenue built and last sold?
The property at 537 Newell Avenue 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 537 Newell Avenue is $171,236.
What are some comparable homes to 537 Newell Avenue?
There are currently no comparable homes to 537 Newell Avenue.
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