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Jackson 49203
723 Tomlinson Street
$130,000
● House - Off Market

723 Tomlinson Street

Jackson, MI 49203
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,200 Ft²
$130,218
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Great income 3 Unit property or single family home! Live in one unit and have your mortgage paid by the other two tenants! Property has been well cared for and maintained features with many updates. Each unit has its own furnace and thermostat. There are two upstairs units and one downstairs unit. Separate electric meters Estimated monthly income of $2100 a month for all three Units combined. Unit 1 Lower level (3 bedroom,1 bath) will get $900, Unit 2 & 3 (Upstairs) collects $600 per unit. Parking in the back of the property provides 4-5 spaces. Each apartment features one-two bedroom, one bathroom, kitchen and living room. Huge basement for storing supplies. This is a great opportunity for an investor! One Year HSA home warranty included.
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$59
Property Type
House
Property Taxes
$157
HOA Dues
-
Year Built
1910

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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 #23129109)

Price History

Date / Event Date Event Price
Jun 30, 2023 Sold
Premium
Sold
May 7, 2023 Listed by Howard Hanna $130,000
Listed by Howard Hanna
Sep 8, 2010 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 1,092
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,059
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 620
  • Total Building Area: 2,208
  • Building Area: 2,208
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,208
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CARRS EAST ADD
  • Land Acres: 0000000185
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 12 BLK 3 CARR'S EAST ADDITION

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS 6-25
  • District: 50
  • Parcel: 6-129300000
  • Block: 3
  • Lot: 12
  • Municipality: JACKSON CITY
  • Latitude: 42.2455
  • Longitude: -84.3806

    Address

  • Full Address: 723 Tomlinson St
  • Legal Unit: 12
  • Address - House Number: 723
  • Address - Street Name: Tomlinson
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C033
  • 4-Digit Zip Code: 2193
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $170,547
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 128,440
  • High Value: 142,429
  • Low Value: 114,451

    Market Valuation

  • Market Total Value: $81,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,900

    Sales

  • Current Sale Contract Date: Aug 31, 2010
  • Current Sale Recording Date: Sep 08, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2572733
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: Greg Uihlein, Howard Hanna
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23129109
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 723 Tomlinson Street built and last sold?
The property at 723 Tomlinson Street was built in 1910 and last sold on Aug 31, 2010 for $34,000.
How much is this home worth?
The estimated value of the home located at 723 Tomlinson Street is $0.
What are some comparable homes to 723 Tomlinson Street?
There are currently no comparable homes to 723 Tomlinson Street.
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