2868 Lewis Ave offers a six-unit multifamily investment positioned for steady income in a high-traffic corridor. The property features six separately rented units, providing a diversified rent roll and reduced vacancy risk. Current rents range from approximately $530 to $754 per unit, creating reliable monthly cash flow with upside potential as leases renew and market conditions allow. The location benefits from convenient access to major roadways, public transportation, and nearby services, supporting ongoing tenant demand. This asset is well-suited for investors seeking a stabilized multifamily property with scalable income and long-term portfolio value. Financial details available upon request.
For sale
$250,000
2868 Lewis Ave, Ida, MI 48140
6beds
4,228sqft
Est.:
Multi Family
Built in 1880
-- sqft lot
$244,700 Zestimate®
$59/sqft
$-- HOA
What's special
Six separately rented units
- 3 days |
- 432 |
- 23 |
Zillow last checked: 8 hours ago
Listing updated: December 18, 2025 at 10:23am
Listed by:
Tyler Tresize 419-601-8737,
Loss Realty Group 734-847-2200
Source: MiRealSource,MLS#: 50196241
Originating MLS: Southeastern Border Association of REALTORS
Originating MLS: Southeastern Border Association of REALTORSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Forced Air
Appliances
- Included: Other
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 4,228
- Total interior livable area: 4,228 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.38 Acres
- Dimensions: 16553
Details
- Parcel number: 0800303310
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Slab
Condition
- Year built: 1880
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public At Street
- Water: Public
Community & HOA
Community
- Subdivision: Van Atkins
Location
- Region: Ida
Financial & listing details
- Price per square foot: $59/sqft
- Tax assessed value: $206,800
- Annual tax amount: $7,644
- Date on market: 12/17/2025
- Cumulative days on market: 4 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership type: LLC
Estimated market value
$244,700
$232,000 - $257,000
$967/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/17/2025 | Listed for sale | $250,000+40.8%$59/sqft |
Source:  MiRealSource #50196241 Report a problem | ||
| 9/12/2025 | Sold | $177,558-1.4%$42/sqft |
Source: Public Record Report a problem | ||
| 7/19/2022 | Listing removed | -- |
Source:  Realcomp II #2220022330 Report a problem | ||
| 4/8/2022 | Pending sale | $180,000$43/sqft |
Source: Realcomp II #2220022330 Report a problem | ||
| 4/1/2022 | Listed for sale | $180,000+38.5%$43/sqft |
Source: Realcomp II #2220022330 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,504 +23.1% | $103,400 +9.5% |
| 2024 | $6,095 +34.5% | $94,400 +9.5% |
| 2023 | $4,532 -17.4% | $86,200 +3.6% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,501/mo
Principal & interest
$1188
Property taxes
$225
Home insurance
$88
Climate risks
Neighborhood: 48140
Nearby schools
GreatSchools rating
- 5/10Ida Elementary SchoolGrades: PK-4Distance: 0.3 mi
- 7/10Ida Middle SchoolGrades: 5-8Distance: 0.3 mi
- 8/10Ida High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- District: Ida Public School District
Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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