About This Home

This 8-bedroom, 4-bathroom residential multi family at 301 Nicholas Avenue in Palmer, MI is listed for $325,000 ($106 per sqft). Built in 1965, the home offers 3,072 sqft of living space on a 0.26 acres lot.

Key Features

  • Built in 1965
  • 0.26 acre lot
  • 2 stories

Property Details

2 stories
4 full
1965
Listing Description

This well-maintained four-unit apartment building in Palmer offers a strong rental history and consistent occupancy, making it an attractive addition to an investment portfolio. Each unit features two bedrooms and one full bathroom, with recent updates to the bathrooms and flooring.

All four units are currently occupied under year-long leases at $850 per month, with tenants responsible for their own electric service. A coin-operated laundry area in the basement provides added convenience, while indoor storage spaces offer tenants extra room for their belongings.

Palmer is a small community known for its welcoming atmosphere and neighborly feel, while also offering convenient proximity to a major area employer. With steady income potential and practical tenant features, this fully occupied property presents an appealing investment opportunity with an established rental history.

Monthly Cost Estimate

$1,738/mo

20% down · 6.5% · 30 years

Principal$235
Interest$1,408
Insurance$95

Estimates only. Actual payments may vary.

Location

301 Nicholas Avenue

Palmer, MI 49871

Property Details

Heating

Forced Air

Appliances

DryerRange/OvenRefrigeratorWasher

Questions & Answers

This 8-bedroom, 4-bathroom residential multi family at 301 Nicholas Avenue is listed at $325,000 ($106/sqft). The estimated monthly payment is $1,738 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1965, 0.26 acre lot, 2 stories.

This property is listed by ADAM KARKI.

AK

ADAM KARKI

Agent at East Central, LLC

Listed by East Central, LLC · Broker phone: (906) 273-1183 · View on Broker Site

MLS# 50215315· Source: Upper Peninsula Association of Realtors· 103 days on PropertySimple

Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

301 Nicholas Avenue, Palmer, MI 49871

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