Turn key investment property. 5 units on 3.5 acres. 15 minutes North of Owosso. Chesaning schools. Metal room approximately 8 years old, vinyl siding. 4 units are one bedroom and one is a two bed. Tenants pay electric. Owner pays gas and garbage.
For sale
Price cut: $15K (11/21)
$399,999
16350 Oakley Rd, Chesaning, MI 48616
6beds
3,280sqft
Est.:
Multi Family
Built in 1950
-- sqft lot
$392,500 Zestimate®
$122/sqft
$-- HOA
What's special
- 43 days |
- 558 |
- 37 |
Zillow last checked: 8 hours ago
Listing updated: November 20, 2025 at 07:34pm
Listed by:
Kris Delaney 989-277-1265,
Keller Williams First 517-625-4663
Source: MiRealSource,MLS#: 50192709
Originating MLS: Greater Shiawassee Association of REALTORS
Originating MLS: Greater Shiawassee Association of REALTORSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Boiler
Appliances
- Included: Range/Oven, Refrigerator, Electric Water Heater
Features
- Basement: Block,Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 3,280
- Total interior livable area: 3,280 sqft
Property
Parking
- Total spaces: 3
- Parking features: 3 or More Spaces
Features
- Levels: One
- Stories: 1
Lot
- Size: 3.5 Acres
- Dimensions: 292 x 508
- Features: Rural
Details
- Parcel number: 07092131006000
- Special conditions: Private
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
Condition
- Year built: 1950
Utilities & green energy
- Gas: Natural Gas
- Sewer: Septic Tank
- Water: Private Well
Community & HOA
Community
- Subdivision: No
Location
- Region: Chesaning
Financial & listing details
- Price per square foot: $122/sqft
- Annual tax amount: $3,274
- Date on market: 10/28/2025
- Cumulative days on market: 43 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Total actual rent: 4100
Estimated market value
$392,500
$373,000 - $412,000
$1,387/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2025 | Price change | $399,999-3.6%$122/sqft |
Source:  MiRealSource #50192709 Report a problem | ||
| 10/28/2025 | Listed for sale | $415,000+66%$127/sqft |
Source: MiRealSource #50192709 Report a problem | ||
| 6/14/2024 | Sold | $250,000+0%$76/sqft |
Source:  Realcomp II #20240033360 Report a problem | ||
| 6/10/2024 | Pending sale | $249,900$76/sqft |
Source: Realcomp II #20240033360 Report a problem | ||
| 5/19/2024 | Price change | $249,9000%$76/sqft |
Source: Realcomp II #20240033360 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$2,630/mo
Principal & interest
$1960
Property taxes
$530
Home insurance
$140
Climate risks
Neighborhood: 48616
Nearby schools
GreatSchools rating
- 7/10Chesaning Middle SchoolGrades: 4-8Distance: 2.1 mi
- 9/10Chesaning Union High SchoolGrades: 9-12Distance: 2.3 mi
- 6/10Big Rock Elementary SchoolGrades: PK-3Distance: 3.4 mi
Schools provided by the listing agent
- District: Chesaning Union Schools
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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