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.
Active
Price cut: $35.3K (4/22)
$315,000
500 River St, Three Rivers, MI 49093
8beds
4baths
--sqft
Est.: Get pre-qualified
2 to 4 Units
Built in 1972
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Direct river frontageNew metal roofScenic views
- 191 days |
- 354 |
- 20 |
Zillow last checked:
Listing updated:
Listed by:
Kascee Wyatt 517-677-1789,
Michigan Top Producers 269-659-2791
Source: MichRIC,MLS#: 25059338
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Radiant
Cooling
- None
Features
- Basement: Slab
Property
Parking
- Total spaces: 5
- Parking features: Concrete, Driveway
Features
- On waterfront: Yes
- Waterfront features: River
Lot
- Size: 0.48 Acres
- Dimensions: 90 x 150
Details
- Parcel number: 051 230 018 01
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Vinyl Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available, Phone Connected, Electricity Connected, Cable Connected
Community & HOA
Location
- Region: Three Rivers
Financial & listing details
- Tax assessed value: $32,736
- Annual tax amount: $2,064
- Date on market: 11/20/2025
- Listing terms: Cash,Conventional
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/22/2026 | Price change | $315,000-10.1% |
Source:  MichRIC #25059338 Report a problem | ||
| 11/20/2025 | Listed for sale | $350,300+100.3% |
Source: MichRIC #25059338 Report a problem | ||
| 10/19/2021 | Sold | $174,900+74.9% |
Source: Public Record Report a problem | ||
| 8/26/2021 | Listed for sale | $100,000-44.4% |
Source:  AAABOR #M21019877 Report a problem | ||
| 7/30/2021 | Listing removed | -- |
Source:  Realcomp II #69021019877 Report a problem | ||
| 6/27/2021 | Listed for sale | $180,000 |
Source: MichRIC #21019877 Report a problem | ||
| 6/18/2021 | Pending sale | $180,000 |
Source: MichRIC #21019877 Report a problem | ||
| 5/29/2021 | Listed for sale | $180,000+414.3% |
Source: MichRIC #21019877 Report a problem | ||
| 5/14/2012 | Sold | $35,000-9.1% |
Source: Public Record Report a problem | ||
| 3/31/2010 | Sold | $38,500+120% |
Source: Public Record Report a problem | ||
| 6/18/2009 | Sold | $17,500-86.5% |
Source: Public Record Report a problem | ||
| 5/21/2008 | Sold | $129,902 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,001 +5% | $109,000 +137% |
| 2024 | $1,906 +5% | $46,000 +8.5% |
| 2023 | $1,815 | $42,400 +47.2% |
| 2022 | -- | $28,800 +6.3% |
| 2021 | $1,709 | $27,100 -9.7% |
| 2020 | -- | $30,000 -13% |
| 2018 | -- | $34,500 +9.2% |
| 2017 | -- | $31,600 -2.8% |
| 2016 | -- | $32,500 -5% |
| 2015 | -- | $34,200 +0.9% |
| 2014 | -- | $33,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 49093
Nearby schools
GreatSchools rating
- 7/10Ruth Hoppin SchoolGrades: K-5Distance: 0.8 mi
- 5/10Three Rivers Middle SchoolGrades: 6-8Distance: 1.1 mi
- 8/10Three Rivers High SchoolGrades: 9-12Distance: 0.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Michigan
- Saint Joseph County
- Three Rivers
- 49093
- 500 River St
Nearby cities
Nearby zip codes
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