790 Lake Street, Saugatuck, MI 49453 (MLS# 25042452)
790 Lake Street, Saugatuck, MI 49453
New Listing
$1,285,000
Property Type:
Multi Family
Lot Size (sq. ft.):
27,748
Status:
Active
Current Price:
$1,285,000
List Date:
8/21/2025
Last Modified:
8/21/2025
Description
Exceptional Multi-Family Investment in Downtown Saugatuck. Incredible opportunity to own a premier multi-family property in the heart of Saugatuck with harbor views and an unbeatable location. Offering 3,434 sq. ft. across three distinct units, this property is ideal for an investor seeking income potential or for an owner-occupant looking to offset expenses with rental income.
The main level features 2 bedrooms, 2 full baths, a spacious kitchen, dining room, living room, breakfast nook, wet bar, and covered porch. The front upper unit offers 2 bedrooms, 1 bath, full kitchen, living room, and porch with water views. The rear upper unit includes 1 bedroom, 1 bath, kitchen, living area, and private porch overlooking the pool and backyard. The lower level currently serves as storage and a laundry facility for the property.
Beautifully landscaped grounds include two koi ponds, fire pit, patio, and a newer in-ground pool with fenced enclosure. Parking is generous with 7 spaces
Supplements: plus a 2-stall garageeasily converted into an amazing game or recreation room to enhance rental appeal. Just steps from 2 amazing communities, this location offers the best of both worlds: stroll into downtown Saugatuck to enjoy restaurants, shops, galleries, and the waterfront boardwalk, or cross into Douglas for a quieter small-town experience. Currently operated as a residence with two short-term rental units, this property comes with a transferable STR certificate, making it a rare and flexible investment opportunity.
More Information MLS# 25042452
Location Property Info
County: Allegan
Street #: 790
Street Name: Lake
Suffix: Street
State: MI
Zip Code: 49453
Area: Holland/Saugatuck - H
OfficeContract Info
Status: Active
Current Price: $1,285,000
List Price: $1,285,000
Listing Date: 2025-08-19
General Property Info
Lot Measurement: Acres
Lot Square Footage: 27748
Lot Acres: 0.64
Lot Dimensions: 74x81x231x66x232
Year Built: 1905
New Construction: No
Cert of Compliance: Yes
Road Frontage: 155
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 3434
Total Parking Spaces: 7
Waterfront: No
School District: Saugatuck-Douglas
Tax Info
Tax ID #: 035751403500
Taxable Value: 256624
SEV: 643200
For Tax Year: 2024
Seller's Annual Property Tax: 12877.07
Tax Year: 2025
Homestead %: 50
Zoning: Res 1
Remarks Misc
Directions: Blue Star south entrance to address.
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Unit 1
Unit Description: Main Level
SqFt: 1717
Occupied: Yes
Bedrooms: 2
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Unit 2
Unit Description: Upper Front
SqFt: 800
Occupied: No
Monthly Rent: 8625
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: Upper Rear
SqFt: 908
Occupied: No
Monthly Rent: 6125
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: Gas Dryer Hookup; In Basement; Washer Hookup
Water Type: River; Other
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Full
Lot Description: Level; Recreational; Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer
Extras: Sep Electric Meter; Sep Gas Meter; Sep Water Meter; Tenant Storage
Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Paved
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Central Air; Deck/Patio; Dishwasher; Garage; Garb Disp; Range Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Unit 2: Central Air; Deck/Patio; Fireplace; Range/Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Unit 3: Central Air; Deck/Patio; Refrigerator; Sep. Heat System; Washer/Dryer
Listing Office: Mill Pond Realty
Listing Agent: Laura Durham
Last Updated: August - 21 - 2025

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