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.
Active
$350,300
416 River St, Three Rivers, MI 49093
8beds
4baths
--sqft
Est.:
2 to 4 Units
Built in 1976
-- sqft lot
$332,300 Zestimate®
$--/sqft
$-- HOA
What's special
Direct river frontageScenic views
- 34 days |
- 355 |
- 40 |
Zillow last checked: 8 hours ago
Listing updated: November 20, 2025 at 03:32pm
Listed by:
Kascee Wyatt 517-677-1789,
Michigan Top Producers
Source: MichRIC,MLS#: 25059336
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Radiant
Cooling
- None
Features
- Basement: Slab
Property
Parking
- Total spaces: 5
- Parking features: Asphalt, Driveway
Features
- On waterfront: Yes
- Waterfront features: River
- Body of water: St Joseph River
Lot
- Size: 0.29 Acres
- Dimensions: 95 x 142
Details
- Parcel number: 051 230 018 02
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Vinyl Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1976
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available, Electricity Connected
Community & HOA
Location
- Region: Three Rivers
Financial & listing details
- Tax assessed value: $35,123
- Annual tax amount: $2,215
- Date on market: 11/20/2025
- Listing terms: Cash,Conventional
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$332,300
$316,000 - $349,000
$1,364/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2025 | Listed for sale | $350,300+100.3% |
Source: | ||
| 10/19/2021 | Sold | $174,900+74.9% |
Source: Public Record Report a problem | ||
| 8/26/2021 | Listed for sale | $100,000+336.7% |
Source: | ||
| 4/14/2010 | Sold | $22,900-53.7% |
Source: Public Record Report a problem | ||
| 4/27/2009 | Sold | $49,500 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,147 +5% | $106,300 +121.5% |
| 2024 | $2,045 +5% | $48,000 +8.6% |
| 2023 | $1,947 | $44,200 +43% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,142/mo
Principal & interest
$1695
Property taxes
$324
Home insurance
$123
Climate risks
Neighborhood: 49093
Nearby schools
GreatSchools rating
- 8/10Ruth Hoppin SchoolGrades: K-5Distance: 0.8 mi
- 4/10Three Rivers Middle SchoolGrades: 6-8Distance: 1.2 mi
- 6/10Three Rivers High SchoolGrades: 9-12Distance: 0.9 mi
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