LKV Realty
Logo
$325,000
$1,650Reward *
301 Nicholas Avenue, Palmer, MI 49871Listing ID 50215315

301 Nicholas Avenue, Palmer, MI 49871

Active
Richmond Twp (52026)
Time on site: 32 daysLast updated: Aug 6, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
-
Bedrooms
Bedrooms
8
Bathrooms
Bathrooms
4
Square Feet
Square Feet
3,072
Acres
Acres
0.26
Days on Site
Days on Site
31
Cooling
Cooling
None
Heating
Heating
Forced Air
Year Built
Year Built
1965
Stories
Stories
2

This well-maintained four-unit apartment building in Palmer offers a strong rental history and consistent occupancy, making it an attractive addition to an investment portfolio. Each unit features two bedrooms and one full bathroom, with recent updates to the bathrooms and flooring. All four units are currently occupied under year-long leases at $850 per month, with tenants responsible for their own electric service. A coin-operated laundry area in the basement provides added convenience, while indoor storage spaces offer tenants extra room for their belongings. Palmer is a small community known for its welcoming atmosphere and neighborly feel, while also offering convenient proximity to a major area employer. With steady income potential and practical tenant features, this fully occupied property presents an appealing investment opportunity with an established rental history.

Property Information

Property Details

Location

Address
301 Nicholas Avenue
County
Marquette
City
Palmer
Zip Code
49871
Subdivision
Richmond Twp (52026)
School District
Negaunee Public Schools
MLS Area
Richmond Twp (52026)
KELLER WILLIAMS FIRST UP, (906) 273-1183

Interior Features

Beds and Baths

Bedrooms
8
Full Bathrooms
4

Building

Building Information

Square Feet
3,072
Year Built
1965
Stories
2
Construction
Aluminum Siding, Brick
Foundation
Basement

Market Report for 49871

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MiRealSource
MiRealSource logo
Originating MLS: MiRealSource

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource,Inc.

For corrections to this data please contact Brytecore MLS Support.

UP5698