Active

$350,300

500 River St, Three Rivers, MI 49093

6beds

3baths

--sqft

Est.:

2 to 4 Units

Built in 1972

-- sqft lot

$335,800 Zestimate^®

$--/sqft

$-- HOA

What's special

Direct river frontageNew metal roofScenic views

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.

145 days

281

22

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3

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

$335,800

$319,000 - $353,000

$1,210/mo

Price history

Date	Event	Price
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