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Jackson 49203
609 S Gorham Street
$75,000
● House - Off Market

609 S Gorham Street

Jackson, MI 49203
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,144 Ft²
$76,859
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Open concept in the city? This place right here is beautiful with an open first floor, perfect for visiting with friends and family while preparing a meal. Need a break from the commotion? Step on out to the fully enclosed front porch or on the back deck. Complete with central air, a newer roof (just a few years old) and set on the quiet end of the street, you will be loving your new home! Schedule your showing today. A deal like this won't last long!
Unit Size
1,144 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$65
Property Type
House
Property Taxes
$95
HOA Dues
-
Year Built
1920

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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 #22033333)

Price History

Date / Event Date Event Price
Sep 30, 2022 Sold
Premium
Sold
Aug 4, 2022 Listed by PRODUCTION REALTY $73,900
Listed by PRODUCTION REALTY
Aug 9, 2002 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 3
  • 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: 572
  • Garage Type: 7
  • Garage Square Area: 228
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,138
  • Lot Size Depth Feet: 940
  • Lot Size Frontage Feet: 440
  • Total Building Area: 1,144
  • Building Area: 1,144
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,144
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAST ADD
  • Land Acres: 0000000095
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: N 44 FT OF W 94 FT OF LOT 3 BLK 43 EAST ADD

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 001200

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS 6-22
  • District: 50
  • Parcel: 6-114100000
  • Block: 43
  • Lot: 3
  • Municipality: JACKSON CITY
  • Latitude: 42.247
  • Longitude: -84.3794

    Address

  • Full Address: 609 S Gorham St
  • Legal Unit: 3
  • Address - House Number: 609
  • Street Direction: S
  • Address - Street Name: Gorham
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C003
  • 4-Digit Zip Code: 2026
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $122,802
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 70,684
  • High Value: 78,383
  • Low Value: 62,986

    Market Valuation

  • Market Total Value: $59,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 02, 2002
  • Current Sale Recording Date: Aug 09, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2253125
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

1484 ft²

Average Home Age

98.2 years

Currently For Sale

117 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 1511 S Martin Luther King Jr Drive, Jackson, MI, 49203

$1,400 /mo

  • 3 Beds
  • 1 Bath
  • 1,134 ft²
1511 S Martin Luther King Jr Drive, Jackson, MI, 49203 Listing by Stephanie Bosanac-Mortimer

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Becky Smith, PRODUCTION REALTY
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22033333
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 609 South Gorham Street built and last sold?
The property at 609 South Gorham Street was built in 1920 and last sold on Aug 2, 2002 for $75,000.
How much is this home worth?
The estimated value of the home located at 609 South Gorham Street is $0.
What are some comparable homes to 609 South Gorham Street?
There are currently no comparable homes to 609 South Gorham Street.
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