416 River St Three Rivers, MI 49093
Estimated payment $2,032/month
Highlights
- Private Waterfront
- No HOA
- Radiant Heating System
About This Home
Exceptional investment opportunity in the heart of Three Rivers! This well-maintained quadplex offers direct river frontage and a proven track record of 100% occupancy. Each of the four units features 2 bedrooms and 1 full bathroom, providing comfortable and functional living spaces that attract long-term tenants. Currently generating $750 per month per unit, this property delivers consistent cash flow with room for future growth. The building has been well cared for and sits on a peaceful stretch of the river allowing tenants to enjoy scenic views and easy access to downtown amenities, parks, and schools. Whether you're a seasoned investor or just expanding your portfolio, this property is a rare opportunity to own a solid income-producing asset in a desirable Three Rivers location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,216
Year Built
- Built in 1976
Lot Details
- 0.29 Acre Lot
- Lot Dimensions are 95x142
- Private Waterfront
- 100 Feet of Waterfront
- River Front
Home Design
- Slab Foundation
- Composition Roof
- Vinyl Siding
Parking
- 5 Parking Spaces
- Driveway
Outdoor Features
- Water Access
Utilities
- No Cooling
- Radiant Heating System
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- The owner pays for trash collection, water, sewer
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,168 | $106,300 | $11,800 | $94,500 |
| 2024 | $1,329 | $48,000 | $11,100 | $36,900 |
| 2023 | $1,267 | $44,200 | $8,500 | $35,700 |
| 2022 | $1,206 | $30,900 | $8,500 | $22,400 |
| 2021 | $1,860 | $29,200 | $8,500 | $20,700 |
| 2020 | $2,007 | $32,100 | $9,000 | $23,100 |
| 2019 | $1,970 | $30,900 | $9,000 | $21,900 |
| 2018 | $2,022 | $38,100 | $5,100 | $33,000 |
| 2017 | $1,989 | $34,200 | $34,200 | $0 |
| 2016 | -- | $35,100 | $35,100 | $0 |
| 2015 | -- | $36,400 | $0 | $0 |
| 2014 | -- | $36,400 | $36,400 | $0 |
| 2012 | -- | $37,200 | $37,200 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/20/2025 11/20/25 | For Sale | $350,300 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $174,900 | None Available | |
| Quit Claim Deed | -- | E Title Agency Inc | |
| Sheriffs Deed | $49,500 | None Available | |
| Interfamily Deed Transfer | -- | Vt | |
| Deed | $72,500 | -- | |
| Deed | $105,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $148,500 | Commercial |
Source: MichRIC
MLS Number: 25059336
APN: 051-230-018-02
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Information is deemed reliable but not guaranteed.
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