Charming, hard to find four family investment property in Rochester. Enjoy a short walk to town where you will find a delightful
blend of historic charm and modern vibrancy. Here, you’ll find more than 350 shops to explore. Very unique, well maintained
4-unit complex with additional 3 car garage and separate laundry/out building that has development potential.
All units have private entrances, are one bedroom/one bath and are spacious at 900 sq. ft.. Each unit offers a different floor plan
and unique characteristics.
The complex has many updates to include: newer HVAC systems, updated Pella windows, refinished hardwood floors,
appliances, cabinets and full cement driveway.
All units are currently occupied have an excellent rental history. Current rates are under market value and the new owner has
an opportunity to increase ROI.
Please do not approach the tenants. Finacial documents available in documents.
Sold for $640,000 on 08/06/24
$640,000
501 W 3rd St, Rochester, MI 48307
4beds
4,217sqft
Multi Family
Built in 1945
-- sqft lot
$684,400 Zestimate®
$152/sqft
$2,338 Estimated rent
Home value
$684,400
$636,000 - $739,000
$2,338/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 02, 2025 at 08:30am
Listed by:
Jeffery Alasina 248-644-6300,
Coldwell Banker Professionals Birm
Bought with:
Kyle T Matta, 6501391152
@properties Christie's Int'l R E Rochester
Source: Realcomp II,MLS#: 20240051308
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Laundry: Laundry Room, Other
Features
- Basement: Common,Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 4,217 sqft
- Finished area above ground: 4,217
Property
Parking
- Total spaces: 5
- Parking features: Assigned, Garage, Lighted, On Street, Paved, Shared Driveway
- Has garage: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Porch
- Exterior features: Private Entrance
- Pool features: None
Lot
- Size: 0.32 Acres
- Dimensions: 60.00 x 172.00
Details
- Parcel number: 1515208010
- Zoning description: MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Quadruplex
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Foundation: Basement, Block, Crawl Space
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1945
- Major remodel year: 2013
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Rochester
- Subdivision: SUPRVR'S PLAT NO 4 - VLG OF ROCH
Other
Other facts
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2024 | Sold | $640,000-4.2%$152/sqft |
Source:  Realcomp II #20240051308 | ||
| 7/22/2024 | Pending sale | $668,000$158/sqft |
Source: Realcomp II #20240051308 | ||
| 7/16/2024 | Listed for sale | $668,000+24.9%$158/sqft |
Source: Realcomp II #20240051308 | ||
| 7/25/2018 | Sold | $535,000+262.7%$127/sqft |
Source: Public Record | ||
| 7/18/2012 | Sold | $147,500-47.2%$35/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $12,167 +5% | $284,810 +10.4% |
| 2023 | $11,588 +4.9% | $257,920 +13.5% |
| 2022 | $11,043 -2.2% | $227,250 +0.5% |
Find assessor info on the county website
Neighborhood: 48307
Nearby schools
GreatSchools rating
- 6/10McGregor Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 10/10Rochester High SchoolGrades: 7-12Distance: 0.9 mi
- 8/10West Middle SchoolGrades: 6-12Distance: 1.8 mi
Get a cash offer in 3 minutes
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Estimated market value
$684,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$684,400