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Jackson 49203
718 Union Street Street
$138,000
● House - Off Market

718 Union Street Street

Jackson, MI 49203
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,000 Ft²
$820
Est. Monthly
20.26%
Cap Rate

About This Property

Back to market at no fault of the home or the seller! Welcome home to this move-in ready, traditional style home that has been thoughtfully updated throughout. The interior features fresh flooring and a neutral paint palette. Modern kitchen accented by stainless steel appliances and a spacious full bath with a small deck that overlooks the backyard. Step out front on the large front porch or head around back where you can entertain your guest on your paver patio beside your single car, attached garage. Great place to call HOME, reach out today to schedule a showing!
Unit Size
1,000 Ft²
Days on Market
63 days
Land Size
0.09 acres
Price per sqft
$132
Property Type
House
Property Taxes
$171
HOA Dues
-
Year Built
1925

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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 #24062681)

Price History

Date / Event Date Event Price
Jul 11, 2025 Sold
Premium
Sold
May 25, 2025 In contract -
In contract
May 10, 2025 Relisted $132,000
Relisted
Apr 7, 2025 In contract -
In contract
Mar 5, 2025 Price Decreased $132,000
↓ $8K (5.7%)
Price Decreased
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • 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: 3
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 480
  • Garage Type: 7
  • Garage Square Area: 271
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,095
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 330
  • Total Building Area: 1,000
  • Building Area: 1,000
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,000
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JACKSON MOUND ADD
  • Land Acres: 0000000094
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: E 1/2 OF LOT 12 BLK 1 JACKSON MOUND ADD

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 000900

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS 3-24
  • District: 50
  • Parcel: 3-156200000
  • Block: 1
  • Lot: 12
  • Municipality: JACKSON CITY
  • Latitude: 42.2394
  • Longitude: -84.4198

    Address

  • Full Address: 718 Union St
  • Legal Unit: 12
  • Address - House Number: 718
  • Address - Street Name: Union
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C016
  • 4-Digit Zip Code: 3072
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $181,961
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.2504
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 64
  • Final Value: 102,644
  • High Value: 128,352
  • Low Value: 76,936

    Market Valuation

  • Market Total Value: $73,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,700
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 1024 S Brown St, MI, 48203

$950 /mo

  • 1 Bed
  • 1 Bath
1024 S Brown St, MI, 48203 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Jordon Jarrett, Coldwell Banker Beiswanger Realty Group
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24062681
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 718 Union Street built and last sold?
The property at 718 Union Street was built in 1925 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 718 Union Street is $132,387.
What are some comparable homes to 718 Union Street?
There are currently no comparable homes to 718 Union Street.
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