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Jackson 49203
741 Lawrence Street
$150,900
● House - Off Market

741 Lawrence Street

Jackson, MI 49203
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,068 Ft²
$876
Est. Monthly
7.49%
Cap Rate

About This Property

2BR/1BA Bungalow with detached 1.5 car garage in the City of Jackson. This home has so much to offer with builts in, hardwood floors and arched door ways.  2nd bedroom is currently being used as an office.  Bathroom was updated in 2020 with walk in shower and ceramic tile. The Backyard is like your own personal oasis! It is partially fenced, and has deck with pergola. Full partially finished walk out basement could be used for family room, rec room or a 3rd bedroom. New Roof 2015, insulation added in 2020.  New Furnace 2021.
Unit Size
1,068 Ft²
Days on Market
55 days
Land Size
0.14 acres
Price per sqft
$140
Property Type
House
Property Taxes
$140
HOA Dues
-
Year Built
1927

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Cap Rate Calculator

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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 #25028416)

Price History

Date / Event Date Event Price
Aug 7, 2025 Sold
Premium
Sold
Jun 13, 2025 Listed by HOWARD HANNA REAL ESTATE SERVI $149,900
Listed by HOWARD HANNA REAL ESTATE SERVI
Jun 6, 2002 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Bedroom Count: 2
  • 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: 768
  • Garage Type: 7
  • Garage Square Area: 352
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,968
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 570
  • Total Building Area: 768
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 768
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LOESERS SUB
  • Land Acres: 0000000137
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 4 BLK 7 LOESER'S SUB DIV OF BLKS 14, 15, 16 & PART OF BLKS 6, 7 & 8 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
  • District: 50
  • Parcel: 3-190600000
  • Block: 6-7,14
  • Lot: 4
  • Municipality: JACKSON CITY
  • Latitude: 42.2334
  • Longitude: -84.4211

    Address

  • Full Address: 741 Lawrence St
  • Legal Unit: 4
  • Address - House Number: 741
  • Address - Street Name: Lawrence
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C016
  • 4-Digit Zip Code: 2931
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $131,791
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.2514
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 64
  • Final Value: 106,084
  • High Value: 132,763
  • Low Value: 79,404

    Market Valuation

  • Market Total Value: $84,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 31, 2002
  • Current Sale Recording Date: Jun 06, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2244691
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

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MichRIC

Listed by: HEATHER HERNDON, HOWARD HANNA REAL ESTATE SERVI
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25028416
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 741 Lawrence Street built and last sold?
The property at 741 Lawrence Street was built in 1927 and last sold on May 31, 2002 for $89,750.
How much is this home worth?
The estimated value of the home located at 741 Lawrence Street is $150,854.
What are some comparable homes to 741 Lawrence Street?
There are currently no comparable homes to 741 Lawrence Street.
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