Looking for your newest investment! Look no further. This property is perfect for investors looking for a cash flowing property as well as owner occupants looking to house hack. This 3 unit multifamily home has 2 units currently occupied by long term tenants and a 3rd unit vacant that can easily be filled or used as a primary residence. Currently cash flowing $1,600 a month with the potential of $3,117 when occupied by section 8 tenants. There are two units with one bedroom and one bathroom which could be occupied at $952 for section 8 tenants and a final two bedroom unit which could be occupied at $1213 for section 8 tenants. All units are nicely updated including newer floors and updates and very well taken care of by current tenants. Property has been low maintenance for the seller for several years and is ready to be taken over!
Sold for $150,000 on 10/17/23
$150,000
217 Richter St, River Rouge, MI 48218
4beds
2,390sqft
Multi Family
Built in 1937
-- sqft lot
$213,300 Zestimate®
$63/sqft
$1,432 Estimated rent
Home value
$213,300
$179,000 - $245,000
$1,432/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 16, 2025 at 07:15pm
Listed by:
Sotero M Lopez II 586-863-3300,
EXP Realty Main,
Brittany Barnett 888-501-7085,
EXP Realty Main
Bought with:
Amy Dunlap, 6501400853
EXP Realty Main
Source: Realcomp II,MLS#: 20230062205
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Natural Gas
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 2,390 sqft
- Finished area above ground: 2,390
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Has garage: Yes
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 5,662 sqft
- Dimensions: 55.00 x 100.00
Details
- Parcel number: 50005060161000
- Zoning description: MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Aluminum Siding, Asbestos
- Foundation: Basement, Block
Condition
- New construction: No
- Year built: 1937
Utilities & green energy
- Sewer: Public Sewer, Sewer At Street
- Water: Public, Waterat Street
Community & neighborhood
Location
- Region: River Rouge
- Subdivision: HOODS SUB
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA
Price history
| Date | Event | Price |
|---|---|---|
| 10/18/2023 | Pending sale | $175,000+16.7%$73/sqft |
Source:  Realcomp II #20230062205 | ||
| 10/17/2023 | Sold | $150,000-14.3%$63/sqft |
Source: Realcomp II #20230062205 | ||
| 7/28/2023 | Listed for sale | $175,000+1958.8%$73/sqft |
Source: Realcomp II #20230062205 | ||
| 7/27/2019 | Listing removed | $575 |
Source: EXP Realty LLC-Novi #219045926 | ||
| 6/10/2019 | Price change | $575-25.8% |
Source: EXP Realty LLC-Novi #219045926 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $56,000 +29.6% |
| 2024 | -- | $43,200 +29.3% |
| 2023 | -- | $33,400 +19.7% |
Find assessor info on the county website
Neighborhood: 48218
Nearby schools
GreatSchools rating
- 1/10Ann Visger K-5 Preparatory AcademyGrades: PK-5Distance: 0.6 mi
- 3/10Cb Sabbath 6-8 Preparatory AcademyGrades: 6-8Distance: 1 mi
- 2/10River Rouge High SchoolGrades: 9-12Distance: 0.6 mi
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