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502 W State, Hastings, MI 49058

Hastings
Local realty services provided by:CENTURY 21 Northland
502 W State,Hastings, MI 49058
$349,000
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  • - Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: david elwood
Office: epique realty
MLS#:60928536
Source:MI_REALSOURCE

Price summary

  • Price:$349,000

About this home

Fabulous investment opportunity in the heart of Hastings being offered at a 8.96% Cap Rate. 3 Unit Apartment but has mixed zoning and could be used for other purposes if so desired. Unlock the potential of this rare gem in the heart of the city's vibrant PUD district! This versatile three-unit property is zoned for apartment, commercial, and office use, making it a dream opportunity for entrepreneurs, small business owners, or savvy investors. Currently, the property is fully occupied by three separate tenants: two charming 1-bedroom units and a spacious 2-bedroom unit, ensuring steady rental income from day one. The flexible zoning allows you to reimagine the space as a boutique office, creative studio, or continue as a multi-family rental - tailor it to your vision! Many updates to include 2 new hot water heaters, 2 new showers. 2 new Range ovens, 2 new refrigerators. Step outside and you're tenants just moments from the best of downtown Hastings. Enjoy proximity to local favorites...

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Home facts

  • Year built:1900
  • Listing ID #:60928536
  • Added:257 day(s) ago
  • Updated:April 28, 2026 at 10:18 AM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:2
  • Half bathrooms:1
  • Basement Description:Block

Heating and cooling

  • Cooling:Central A/C
  • Heating:Forced Air

Structure and exterior

  • Year built:1900
  • Lot area:0.2 Acres
  • Construction Materials:Vinyl Siding
  • Exterior Features:Porch
  • Foundation Description:Basement, Block
  • Levels:2 Story

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$349,000
  • Tax amount:$5,799

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