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  • Price cut: $45K (7/24)
    $650,000

    101 E McKay St, Saline, MI 48176

    6beds
    7baths
    --sqft
    : 
    5+ Units
    Built in 1920
    -- sqft lot
    $633,400 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Open Sunday 2-4PM. Incredible investment opportunity in the heart of downtown Saline! Don't miss your chance to own this fully rented six-unit income property, ideally situated just steps from the vibrant shops and restaurants of downtown Saline. Each unit features one bedroom and one full bathroom, and all have been nicely updated—making this a truly turn-key opportunity for investors. Every unit includes a refrigerator and range/oven; several also come furnished with a microwave, and one features a window AC unit. With a current Certificate of Occupancy, this property offers peace of mind and immediate cash flow. It sits on an oversized lot with ample parking, charming front and rear porches, and tremendous potential for expansion or even the addition of a second structure. These opportunities are rarely found in this central location. Zoned D2 (Downtown Support District), this flexible parcel supports mixed-use development, including residential, office, and commercial uses. One could also assemble multiple parcels to create a larger developmentideal for investors with long-term vision. Major recent upgrades include a new foundation wall, providing valuable structural updates and built-in equity for the next owner. Whether you're seeking your first investment property or a strategic addition to your portfolio, this well-positioned asset checks all the boxes. See attached documents for detailed rental information.
    34 days
    on Zillow
    |
    574
    |
    27
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 24, 2025 at 07:12am

    Listed by:

    Kiara Nelson 734-732-3844,

    Keller Williams Ann Arbor Mrkt 734-995-9400,

    Dominic Nelson 734-957-6337,

    Keller Williams Ann Arbor Mrkt

    Source: MichRIC,MLS#: 25033168MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 101 E McKay St.

    Next available tour time:Today at 3pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 7
    Heating
    • Forced Air
    Features
    • Basement: Michigan Basement
    • Number of fireplaces: 1

    Property

    Parking
    • Total spaces: 6
    • Parking features: Asphalt, Driveway
    Lot
    • Size: 0.38 Acres
    • Dimensions: 99 x 165
    Details
    • Parcel number: 181801126020
    • Zoning description: D-2

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 5+ Units
    Materials
    • Wood Siding
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Natural Gas Connected, Electricity Connected, Cable Connected

    Community & HOA

    Location
    • Region: Saline

    Financial & listing details

    • Tax assessed value: $157,000
    • Annual tax amount: $10,686
    • Date on market: 7/24/2025
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity, Water, Sewer, Gas
    • Electric utility on property: Yes
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