$350,300

500 River St Three Rivers, MI 49093

Estimated payment $2,004/month

Total Views 3,909
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

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.

Listing Agent

Kascee Wyatt

Michigan Top Producers License #492500592 Listed on: 11/20/2025

Michigan Top Producers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,065

Year Built

  • Built in 1972

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 90x150
  • Private Waterfront
  • 150 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
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,065

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1972
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 90x150
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: No
  • Tax Info:Zoning3: Residential
  • Waterfront Options:Water Access YN: Yes
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Waterfront Options:Water Frontage3: 150.0
  • Heat Type:Radiant: Yes
  • Substructure:Slab: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Remarks Misc: Public Remarks: 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.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab
  • Basement: No

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 350300.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: St Joseph River
  • Waterfront Features: River
  • Waterfront: Yes
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Radiant
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Phone Connected, Electricity Connected, Cable Connected

Association/Amenities

  • Water Fea Amenities:Private Frontage: Yes

Lot Info

  • Lot Size Acres: 0.48
  • Lot Size Area: 0.48
  • Lot Dimensions: 90x150
  • Lot Size Sq Ft: 20996.0
  • Zoning Description: Residential

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electric

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2064.6
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2025 11/20/25 For Sale $350,300 -- --
Source: MichRIC

Purchase History

Date Type Sale Price Title Company
Warranty Deed $174,900 None Available
Warranty Deed $35,000 None Available
Sheriffs Deed $17,500 None Available
Sheriffs Deed $129,902 None Available
Interfamily Deed Transfer -- Vt
Deed $105,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $148,500 Commercial
Source: Public Records

Source: MichRIC

MLS Number: 25059338

MichRIC

APN: 051-230-018-01

Michigan St. Joseph County Three Rivers 49093

500 River St, Three Rivers, MI

For Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes
Listing Agent
Kascee Wyatt
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Michigan Top Producers
(269) 580-8917