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 like Walldorff Brewpub & Bistro, Seasonal Grille, and the historic Barry County Courthouse. Daily conveniences are at their fingertips with Family Fare Supermarket and Walgreens nearby, while the Thornapple River Walk and Tyden Park offer scenic escapes just blocks away.Whether you’re looking to expand your investment portfolio or launch your next business venture, 502 W. State Street delivers unmatched flexibility, location, and income potential. Don’t miss your chance to own a cornerstone property in one of Hastings’ most dynamic neighborhoods!Proforma available based on current rents and expenses.
Property Details
Price:
$349,000
MLS #:
20251027913
Status:
Active
Beds:
0
Baths:
2.5
Type:
Single Family
Subdivision:
Hastings
Listed Date:
Aug 15, 2025
Lot Size:
8,712 sqft / 0.20 acres (approx)
Year Built:
1900
See this Listing
Schools
School District:
Hastings
Interior
Cooling
Central Air
Heating
Forced Air
Exterior
Accessibility Features
No Step Entrance, Ramped Entrance
Construction Materials
Vinyl Siding
Lot Features
Sidewalk
Financial
Taxes
$5,799
Map
Community
- Address502 W State Street Hastings MI
- SubdivisionHastings
- CityHastings
- CountyBarry
- Zip Code49058
Subdivisions in Hastings
Market Summary
Current real estate data for Single Family in Hastings as of Jun 14, 2026
66
Single Family Listed
48
Avg DOM
181
Avg $ / SqFt
$309,753
Avg List Price
Property Summary
- Located in the Hastings subdivision, 502 W State Street Hastings MI is a Single Family for sale in Hastings, MI, 49058. It is listed for $349,000 and features 0 beds, 3 baths, and has approximately 0 square feet of living space, and was originally constructed in 1900. The average price per square foot for Single Family listings in Hastings is $181. The average listing price for Single Family in Hastings is $309,753. To schedule a showing of MLS#20251027913 at 502 W State Street in Hastings, MI, contact your Anchor Trust Realty And Relocation Services agent at 6166170639.
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