416 River Street, Three Rivers, MI 49093

$350,300
Property Type: Multi Family Lot Size (sq. ft.): 12,415 Status: Active
Current Price: $350,300 List Date: 11/20/2025 Last Modified: 4/20/2026

Overview

Description

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.

Listing Details MLS# 25059336

Location Property Info

County
St. Joseph
Street #
416
Street Name
River
Suffix
Street
State
MI
Zip Code
49093

General Property Info

Lot Measurement
Acres
Lot Square Footage
12415
Lot Acres
0.29
Lot Dimensions
95x142
Year Built
1976
New Construction
No
Cert of Compliance
Yes
Road Frontage
95
Total # Units
4
# of Diff Unit Floor Plans
Yes
Total # Bldgs
Yes
Total Approx. SqFt All Bldgs
2700
Total Parking Spaces
5
Waterfront
Yes
Statewide Lakes & Rivers
St Joseph River
School District
Three Rivers
Association YN
No
Basement
No

Tax Info

Tax ID #
051 230 018 02
Taxable Value
35123
SEV
106300
For Tax Year
2025
Seller's Annual Property Tax
2215.87
Tax Year
2025
Spec Assessment & Ty
None known
Zoning
Residential
Homestead %
0

Remarks Misc

Directions
Take S Main St to River St. Property sits adjacent to river.

Waterfront Options

Water Access Y/N
Yes
Water Frontage
100

More Information

Access Feat

Accessibility Features
No

Unit 1

Unit Description
Unit 1
Occupied
Yes
Monthly Rent
750
Bathrooms
Yes
Full Baths
Yes

Unit 2

Unit Description
Unit 2
Occupied
Yes
Monthly Rent
750
Bathrooms
Yes
Full Baths
Yes

Unit 3

Unit Description
Unit 3
Occupied
Yes
Monthly Rent
750
Bathrooms
Yes
Full Baths
Yes

Unit 4

Unit Description
Unit 4
Monthly Rent
750
Bathrooms
Yes
Full Baths
Yes

Location & Property Info

Cross Streets
S Main and Mechanic
Property Sub-Type
2 to 4 Units
Area
St. Joseph County - J
Municipality
Three Rivers City
Ownership Type
Private Owned

Office/Contract Info

Auction or For Sale
For Sale
List Price/SqFt
129.74

Remarks & Misc

Public Remarks
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.
Legal
COM 192 FT E OF INT S MAIN ST & RIVER ST TH E 95 FT (REC 100 FT) ALG RIVER ST TH N TO RIVER TH WLY ALG RIVER TO PT DUE N OF POB TH S TO POB. PT OF LOT 17 BLK 1 FLINTS ADD CITY OF 3 RIVERS.

Water Type

River
Yes

Water Fea. Amenities

Private Frontage
Yes

Street Type

Paved
Yes
Public
Yes

Util Avail at Street

Electricity Available
Yes
Public Sewer
Yes
Public Water
Yes

Utilities Attached

Electricity Connected
Yes

Sewer

Public Sewer
Yes

Water

Public Water
Yes

Terms Available

Cash
Yes
Conventional
Yes

Exterior Material

Vinyl Siding
Yes

Roofing

Composition
Yes

Heat Source

Other
Yes

Sale Conditions

None
Yes

Heat Type

Radiant
Yes

Air Conditioning

None
Yes

Tenant Pays

Electric
Yes

Driveway

Asphalt
Yes

Substructure

Slab
Yes

Extras

Sep Electric Meter
Yes

Owner Pays

Sewer
Yes
Trash Collection
Yes
Water
Yes

Possession

Close Of Escrow
Yes

Property Features

Water Type: River Exterior Material: Vinyl Siding Roofing: Composition Substructure: Slab Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected Util Avail at Street: Electricity Available; Public Sewer; Public Water Extras: Sep Electric Meter Owner Pays: Sewer; Trash Collection; Water Tenant Pays: Electric Heat Source: Other Heat Type: Radiant Air Conditioning: None Driveway: Asphalt Street Type: Paved; Public Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None
Listing Office: Michigan Top Producers
Listing Agent: Kascee Wyatt
IDX
Source MLS Verified
Last Updated: April - 20 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.