Excellent investment opportunity in the city of Adrian! This 6-unit multi-family property features five 1-bedroom, 1-bath apartments and one spacious 2-bedroom, 1-bath unit. The property offers two driveways for convenient tenant parking and is located close to amenities, schools, and shopping. With strong rental potential and solid long-term income possibilities, this property is a great addition to any investor’s portfolio. Schedule your private showing today!
Sold for $240,000 on 11/05/25
$240,000
404 Mulzer Ave, Adrian, MI 49221
7beds
3,284sqft
Multi Family
Built in 1900
-- sqft lot
$240,800 Zestimate®
$73/sqft
$1,816 Estimated rent
Home value
$240,800
$226,000 - $255,000
$1,816/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 05, 2025 at 10:47am
Listed by:
Isaac Henry 517-215-4212,
Gil Henry & Associates
Bought with:
Isaac Henry, 6501418399
Gil Henry & Associates
Source: MiRealSource,MLS#: 50191588
Originating MLS: Lenawee County Association of REALTORS
Originating MLS: Lenawee County Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
- Full bathrooms: 6
Bathroom
- Features: Other-See Remarks
Heating
- Boiler
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Range/Oven, Refrigerator, Gas Water Heater
Features
- Basement: Exterior Entry,Brick
- Has fireplace: No
Interior area
- Total structure area: 3,284
- Total interior livable area: 3,284 sqft
Property
Parking
- Total spaces: 3
- Parking features: 3 or More Spaces
Features
- Levels: Tri-Level
- Exterior features: Sidewalks
- Waterfront features: None
- Body of water: None
- Frontage length: 150
Lot
- Size: 0.51 Acres
- Dimensions: 150 x 150
- Features: Dead End
Details
- Parcel number: XA0260000200
- Zoning description: Commercial
- Special conditions: Private
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Basement, Brick
Condition
- Year built: 1900
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
Community & neighborhood
Location
- Region: Adrian
- Subdivision: None
HOA & financial
Other financial information
- Total actual rent: 4045
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/5/2025 | Sold | $240,000+0%$73/sqft |
Source:  MiRealSource #50191588 | ||
| 10/16/2025 | Pending sale | $239,900$73/sqft |
Source: MiRealSource #50191588 | ||
| 10/15/2025 | Listed for sale | $239,900+287.4%$73/sqft |
Source: MiRealSource #50191588 | ||
| 9/14/2002 | Sold | $61,929+121.2%$19/sqft |
Source: Agent Provided | ||
| 7/26/1991 | Sold | $28,000$9/sqft |
Source: Agent Provided | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,805 -63.9% | $85,169 -7.1% |
| 2024 | $7,765 +201.7% | $91,716 +1.2% |
| 2023 | $2,573 | $90,633 +25.6% |
Find assessor info on the county website
Neighborhood: 49221
Nearby schools
GreatSchools rating
- 3/10Michener Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 3/10Springbrook Middle SchoolGrades: 6-8Distance: 1.5 mi
- 7/10Adrian High SchoolGrades: 8-12Distance: 1.7 mi
Schools provided by the listing agent
- District: Adrian City School District
Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.