323 W Wright Ave Shepherd, MI 48883
Estimated payment $2,644/month
Highlights
- Spa
- Colonial Architecture
- Covered Patio or Porch
- Shepherd High School Rated 9+
- Wood Flooring
- Window Unit Cooling System
About This Home
Rare Historic Multi-Family Opportunity in a prime Main Street location! Built by the original founder of Shepherd, this unique historic property offers exceptional income potential in the heart of Central Michigan. With over 5,000 finished sq ft, the building was previously configured as four separate apartment units, making it ideal for investors looking to restore a traditional 4-unit rental with two upper and two lower units, or explore flexible options such as short term rentals or an owner-occupied income property. The spacious layout includes a full basement, offering additional storage or future expansion possibilities. Situated on a generous lot, the property features an open side yard and a large parking area to accommodate tenants and guests. Located adjacent to a family-friendly park, directly across from popular restaurants and thriving local businesses, and less than 10 minutes from Central Michigan University, Soaring Eagle Casino & Resort, and Alma College, this property offers both convenience and strong rental appeal. Whether you're looking to expand your portfolio or create a one-of-a-kind income-producing property, the possibilities here are truly endless.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1850 | Remodeled in 2021
Lot Details
- 29,621 Sq Ft Lot
- Lot Dimensions are 152x182
- Landscaped
Home Design
- Colonial Architecture
- Stone Foundation
- Metal Roof
- Wood Siding
Interior Spaces
- 4 Bathrooms
- 5,000 Sq Ft Home
- 2-Story Property
- Wood Flooring
Laundry
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Natural lighting in basement
Outdoor Features
- Spa
- Covered Patio or Porch
- Shed
Utilities
- Window Unit Cooling System
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Community Details
Overview
- 2 Buildings
- 4 Units
- Village Of Shepherd Subdivision
Pet Policy
- No Pets Allowed
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $618 | $89,000 | $0 | $0 |
| 2024 | $6 | $85,400 | $0 | $0 |
| 2023 | $618 | $80,000 | $0 | $0 |
| 2022 | $2,945 | $65,400 | $0 | $0 |
| 2021 | $2,945 | $60,100 | $0 | $0 |
| 2020 | $2,907 | $59,700 | $0 | $0 |
| 2019 | $2,120 | $52,600 | $0 | $0 |
| 2017 | $2,449 | $45,600 | $0 | $0 |
| 2016 | $2,482 | $46,200 | $0 | $0 |
| 2015 | $8,950,415 | $45,100 | $0 | $0 |
| 2014 | -- | $40,300 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/29/2026 04/29/26 | For Sale | $489,000 | +652.3% | $98 / Sq Ft | |
| 05/03/2013 05/03/13 | Sold | $65,000 | -27.7% | $12 / Sq Ft | View Prior Sale |
| 04/24/2013 04/24/13 | Pending | -- | -- | -- | |
| 12/06/2012 12/06/12 | For Sale | $89,900 | -- | $17 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $390,000 | -- |
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1944433
APN: 31-050-00-049-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
Copyright 2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
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