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Sold for $640,000
    • $640,000

    501 W 3rd St, Rochester, MI 48307

    4beds
    4,217sqft
    Multi Family
    Built in 1945
    -- sqft lot
    $702,700 Zestimate®
    $152/sqft
    $2,090 Estimated rent

    Home value

    $702,700

    $646,000 - $759,000

    $2,090/mo

    Zestimate® history
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    $4,133/mo

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    What's special

    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.

    Zillow last checked: 7 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#: 20240051308MLS Logo

    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

    DateEventPrice
    8/6/2024Sold$640,000-4.2%$152/sqft
    Source: Realcomp II #20240051308 Report a problem
    7/22/2024Pending sale$668,000$158/sqft
    Source: Realcomp II #20240051308 Report a problem
    7/16/2024Listed for sale$668,000+24.9%$158/sqft
    Source: Realcomp II #20240051308 Report a problem
    7/25/2018Sold$535,000+262.7%$127/sqft
    Source: Public Record Report a problem
    7/18/2012Sold$147,500-47.2%$35/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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

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    Estimated market value
    $702,700
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    Estimated market value
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