For Sale139d on market
500 River St
Three Rivers, MI, 49093 • 49093 • Saint Joseph County
$350,300
Down payment assistance available
6Beds
3Baths
0.48 acLot
1972Built
Property DNA
Waterfront Property
River
This home is getting attention
Listed 139 days ago · 304 views · 26 saves
Market activity
Demand and pricing signals for this listing
304 views
People checking out this listing
26 saves
Buyers have saved this home
139 days on market
Established listing
About this home
Multi Family · Built 1972
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.
Standout features identified
Our analysis highlights direct river frontage, new metal roof, and scenic views as key attractions of this home.
Estimated monthly payment
Based on current rates
$2,197/month
Principal & Interest$1,730
Property Tax$350
Insurance$117
Down payment20% ($70,060)
3%50%
Est. 6.28% rate · 30yr fixed · $280,240 loan
Full calculator →At a glance
Key facts and listing details
Type2 to 4 Units
Year Built1972
HeatingRadiant
CoolingNone
Parking5 Parking spaces
Days on Zillow139 Days
Property
Home typeMulti Family
Sub-type2 to 4 Units
Year built1972
Systems
HeatingRadiant
CoolingNone
RoofComposition
ConstructionVinyl Siding
Water / SewerPublic Sewer
Parking & Outdoor
ParkingConcrete, Driveway
BasementSlab
Lot0.48 Acres
Location & Tax
Neighborhood49093
Annual tax$2,064
Parcel05123001801
Features & details
5 categories of property features
Interior Features
Heating
Radiant
Cooling
None
Exterior Features
Parking
Concrete
Driveway
Construction
Vinyl Siding
Utilities
Electricity Available
Phone Connected
Electricity Connected
Cable Connected
Listing insights
Market data and value estimates
StatusFor Sale
Days on market139
Est. value$335,800
Est. rent$1,282/mo
Tax rate1.11%
On marketNov 20, 2025
PostedNov 20, 2025
Last sold$174,900
MLS statusActive
MLS updatedMar 24, 2026
Tour days9
Views304
Favorites26
How are the schools in Three Rivers?
3 schools rated nearby
Location
Three Rivers, MI, 49093
Price history
11 events
DateEventPrice$/sqftSource
Nov 20, 2025Listed For Sale$350,300—MichRIC
Oct 19, 2021Sold$174,900—Public Record
Aug 26, 2021Listed For Sale$100,000—AAABOR
Jul 30, 2021Listing Removed——Realcomp II
Jun 27, 2021Listed For Sale$180,000—MichRIC
Jun 18, 2021Pending Sale$180,000—MichRIC
May 29, 2021Listed For Sale$180,000—MichRIC
May 14, 2012Sold$35,000—Public Record
Mar 31, 2010Sold$38,500—Public Record
Jun 18, 2009Sold$17,500—Public Record
May 21, 2008Sold$129,902—Public Record
Listed For Sale$350,300
Nov 20, 2025•MichRIC
Sold$174,900
Oct 19, 2021•Public Record
Listed For Sale$100,000
Aug 26, 2021•AAABOR
Listing Removed—
Jul 30, 2021•Realcomp II
Listed For Sale$180,000
Jun 27, 2021•MichRIC
Pending Sale$180,000
Jun 18, 2021•MichRIC
Listed For Sale$180,000
May 29, 2021•MichRIC
Sold$35,000
May 14, 2012•Public Record
Sold$38,500
Mar 31, 2010•Public Record
Sold$17,500
Jun 18, 2009•Public Record
Sold$129,902
May 21, 2008•Public Record
Tax history
11 years of records
YearTax paidAssessed value
Apr 9, 2025$2,001$109,000
Apr 9, 2024$1,906$46,000
Apr 9, 2023$1,815$42,400
Apr 9, 2022—$28,800
Apr 9, 2021$1,709$27,100
Apr 9, 2020—$30,000
Apr 9, 2018—$34,500
Apr 9, 2017—$31,600
Apr 9, 2016—$32,500
Apr 9, 2015—$34,200
Apr 9, 2014—$33,900
Nearby homes
Neighborhood details
Local context around this listing
Three Rivers, MI • Saint Joseph County
Nearby cities
Burr OakCentrevilleColonConstantineLeonidasMendonSturgisThree Rivers
Nearby zip codes
49093
Similar homes
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