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502 W State Street, Hastings, MI 49058

Hastings
Local realty services provided by:CENTURY 21 Dynamic Realty
502 W State Street,Hastings, MI 49058
$349,000
  • - Beds
  • 3 Baths
  • 2,278 sq. ft.
  • Multi-family
  • Active
Listed by: david elwood
Office: epique realty
MLS#:20251027913
Source:MI_REALCOMP

Price summary

  • Price:$349,000
  • Price per sq. ft.:$153.2

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...

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Home facts

  • Year built:1900
  • Listing ID #:20251027913
  • Added:212 day(s) ago
  • Updated:March 16, 2026 at 09:59 AM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:2
  • Half bathrooms:1
  • Basement Description:Partial, Unfinished
  • Living area:2,278 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1900
  • Building area:2,278 sq. ft.
  • Lot area:0.2 Acres
  • Architectural Style:Colonial, Early American
  • Construction Materials:Vinyl Siding
  • Exterior Features:Awnings, Breezeway, Covered, Lighting, Porch
  • Foundation Description:Basement, Block, Brick Mortar, Sump Pump
  • Levels:Two

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$349,000
  • Price per sq. ft.:$153.2
  • Tax amount:$5,799

Features and amenities

  • Laundry features:Common Area

Parking

  • Total parking spaces:12
  • Parking description:Garage, Oversized, Parking Lot, Paved, Unassigned
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