500 River Street, Three Rivers, MI 49093

$350,300
Property Type: Multi Family Lot Size (sq. ft.): 20,996 Status: Active
Current Price: $350,300 List Date: 11/20/2025 Last Modified: 3/17/2026

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.

More Information MLS# 25059338

Location & Property Info

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

Office/Contract Info

Auction or For Sale: For Sale

General Property Info

New Construction: No Lot Dimensions: 90x150 Road Frontage: 150 Cert of Compliance: Yes Waterfront: Yes Basement: No Total # Units: 4 # of Diff Unit Floor Plans: 1 Total # Bldgs: 1 Total Parking Spaces: 5 Statewide Lakes & Rivers: St Joseph River School District: Three Rivers Association YN: No Lot Measurement: Acres Lot Square Footage: 20996 Lot Acres: 0.48 Year Built: 1972

Tax Info

Taxable Value: 32736 SEV: 109000 For Tax Year: 2025 Seller's Annual Property Tax: 2064.6 Tax Year: 2025 Homestead %: 0 Spec Assessment & Ty: None known Zoning: Residential Tax ID #: 051 230 018 01

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 342 FT E OF INT S MAIN ST & RIVER ST TH E 150 FT ALG RIVER ST TH N TO RIVER TH WLY ALG RIVER TO PT DUE N OF POB TH S TO POB. BEING PT OF LOT 17 BLK 1 FLINTS ADD CITY OF THREE RIVERS.

Waterfront Options

Water Access Y/N: Yes Water Frontage: 150

Water Type

River: 1

Water Fea. Amenities

Private Frontage: 1

Street Type

Paved: 1 Public: 1

Util Avail at Street

Electricity Available: 1 Public Sewer: 1 Public Water: 1

Utilities Attached

Cable Connected: 1 Electricity Connected: 1 Phone Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Terms Available

Cash: 1 Conventional: 1

Exterior Material

Vinyl Siding: 1

Roofing

Composition: 1

Heat Source

Other: 1

Sale Conditions

None: 1

Heat Type

Radiant: 1

Air Conditioning

None: 1

Access Feat

Accessibility Features: No

Tenant Pays

Electric: 1

Driveway

Concrete: 1

Substructure

Slab: 1

Extras

Sep Electric Meter: 1

Owner Pays

Sewer: 1 Water: 1

Unit 1

Unit Description: Unit 1 Occupied: Yes Monthly Rent: 750 Bedrooms: 2 Bathrooms: 1 Full Baths: 1

Unit 2

Unit Description: Unit 2 Occupied: Yes Monthly Rent: 750 Bedrooms: 2 Bathrooms: 1 Full Baths: 1

Unit 3

Unit Description: Unit 3 Occupied: Yes Monthly Rent: 750 Bedrooms: 2 Bathrooms: 1 Full Baths: 1

Unit 4

Unit Description: Unit 4 Occupied: Yes Monthly Rent: 750 Bedrooms: 2 Bathrooms: 1 Full Baths: 1

Possession

Close Of Escrow: 1

Location Property Info

County: St. Joseph Street #: 500 Street Name: River Suffix: Street State: MI Zip Code: 49093

OfficeContract Info

Status: Active Current Price: $350,300 List Price: $350,300 Listing Date: 2025-11-20

Remarks Misc

Directions: Take S Main St to River St. Property sits adjacent to the River.

Property Features

Water Type: River Exterior Material: Vinyl Siding Roofing: Composition Substructure: Slab Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Phone Connected Util Avail at Street: Electricity Available; Public Sewer; Public Water Extras: Sep Electric Meter Owner Pays: Sewer; Water Tenant Pays: Electric Heat Source: Other Heat Type: Radiant Air Conditioning: None Driveway: Concrete 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
Last Updated: March - 17 - 2026
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