Active

$1,500,000

315 S Jackson St, Hanover, MI 49241

24beds

12baths

9,250sqft

Est.:

5+ Units

Built in 1964

-- sqft lot

$466,100 Zestimate^®

$162/sqft

$-- HOA

What's special

Excellent multifamily investment opportunity offering 12 income-producing units situated on approximately 13 acres in the Village of Hanover. The property includes five duplex buildings and two single-family homes, providing a diverse unit mix and strong rental demand. This portfolio has benefited from significant recent improvements, helping reduce future capital expenses and making it a low-maintenance investment for the next owner. The property has maintained consistently strong occupancy, with all units currently leased, providing stable income and reliable cash flow. In addition to the existing rental income, the property offers future upside potential with the 13 acres of land primed for development. Wickman Apartments Portfolio represents a compelling investment opportunity for investors seeking both current cash flow and long-term growth potential. 6 parcels total. 000-17-28-126-015-01, 000-17-28-126-015-02, 000-17-28-127-003-02, 000-17-28-127-003-01, 000-17-28-126-014-01

31 days

405

17

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 24
Bathrooms: 12

Heating

Forced Air, Hot Water, Radiant

Cooling

Central Air, Window Unit(s)

Appliances

Laundry: Gas Dryer Hookup, Laundry Room, Main Level, Washer Hookup

Features

Basement: Crawl Space,Full,Partial,Slab

Interior area

Total interior livable area: 9,250 sqft

Property

Parking

Total spaces: 24
Parking features: Aggregate, Driveway, Concrete

Accessibility

Accessibility features: Accessible Mn Flr Be, Lever Door Handles, No Step Entrance

Lot

Size: 13 Acres
Dimensions: 601,333.6
Features: Level, Sidewalk, Tillable, Wooded, Corner Lot

Details

Parcel number: 000172812600600

Construction

Type & style

Home type: MultiFamily
Property subtype: 5+ Units

Materials

Aluminum Siding, Block, Brick, Stone, Vinyl Siding
Roof: Composition,Metal

Condition

New construction: No
Year built: 1964

Utilities & green energy

Sewer: Septic Tank
Water: Well
Utilities for property: Natural Gas Connected, Electricity Connected

Community & HOA

Location

Region: Hanover

Financial & listing details

Price per square foot: $162/sqft
Tax assessed value: $139,513
Annual tax amount: $7,550
Date on market: 3/16/2026
Listing terms: Cash,Conventional
Tenant pays: Electricity, Gas
Electric utility on property: Yes

Estimated market value

$466,100

$345,000 - $611,000

$1,830/mo

Price history

Date	Event	Price
3/16/2026	Listed for sale	$1,500,000$162/sqft
Source: MichRIC #26009926 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$128,400 +12.9%
2024	--	$113,700 +37.2%
2021	$974 +394.1%	$82,900 +23.7%
2020	$197	$67,000 +11.1%
2019	$197	$60,300 +3.1%
2018	--	$58,500 -0.5%
2017	--	$58,800 -6.2%
2016	--	$62,700 +10.6%
2015	--	$56,700 +9.7%
2014	--	$51,700 -14.7%
2012	--	$60,600 -4.9%
2011	--	$63,700 -2.6%
2010	--	$65,400 -7.2%
2009	--	$70,500