500 River St Three Rivers, MI 49093
Estimated payment $1,843/month
Highlights
- 150 Feet of Waterfront
- No HOA
- Radiant Heating System
About This Home
NEW METAL ROOF! 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
- Apartment
Est. Annual Taxes
- $2,065
Year Built
- Built in 1972
Lot Details
- 20,996 Sq Ft Lot
- Lot Dimensions are 90x150
- 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 sewer, water
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/22/2026 04/22/26 | Price Changed | $315,000 | -10.1% | -- |
| 11/20/2025 11/20/25 | For Sale | $350,300 | -- | -- |
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 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $148,500 | Commercial |
Source: MichRIC
MLS Number: 25059338
APN: 051-230-018-01
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Information is deemed reliable but not guaranteed.
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Ask me questions while you tour the home.