217 Richter Street

—
Beds
2,390 Sq. Ft.
$63 / Sq. Ft.
2,390
Sq. Ft.
$63
per Sq. Ft.

Description

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...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!
  1. Listed by Sotero M Lopez II • EXP Realty Main
    P: (586)-863-3300 C: (586)-863-3300 sotero@lopezrealtyteam.com
  2. Listed by Brittany Barnett • EXP Realty Main
    P: (586)-382-6450 C: (586)-382-6450 yourrealtorbrittanyb@gmail.com

Property Details for 217 Richter Street

Architectural Style
2 Story
Subdivision Name
HOODS SUB
Waterfront
No
Zoning Description
Multi-Family
LISTING UPDATED: 08/12/2025 10:59 PM

Property Details for 217 Richter Street

StatusClosed
MLS #60241277
Days on Market82
Taxes$2,292 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1937
Lot Size0.13 AC / 5,662 SF
CountyWayne County

Location

Listing Courtesy of EXP Realty Main

Sold By LPS

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Building Information for 217 Richter Street

Stories2Residences3Year Built1937Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$938 per month

30 year fixed, 6.36% Interest

Principal and Interest

$747

Property Taxes

$191

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 217 Richter Street

Summary
Location and General Information
  • Cross Street: Marion/Coolidge
  • Directions: W of Marion N of Coolidge
  • Latitude: 42.269858
  • Longitude: -83.12702601
  • MLS Area Major: River Rouge (82144)
Taxes and HOA
  • Parcel Number: 50005060161000
  • Tax Annual Amount: $2,292.00
Property
Lot Information
  • Frontage Length: 55.0
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
Property and Assessments
  • Above Grade Finished Area: 2390.0
  • Building Area Total: 2390.0
  • Custom 2: Yes
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Raw Mls Bathrooms Total: 3.0
  • Raw Mls Latitude: 42.269859
  • Raw Mls Longitude: -83.127032
  • Raw Mls Lot Size: 55.00 x 100.00
  • Raw Mls Modification Timestamp: 06-30-2025 05:34:12 PM
  • Raw Mls Photos Change Timestamp: 02-03-2025 04:52:10 PM
  • Raw Mls Photos Count: 49
  • Raw Mls Property Sub Type: Multi-Family
  • Raw Mls Stories Total: 2.0
  • Year Built: 1937
Building Features
  • Construction Materials: Aluminum Siding
  • Stories: 2
  • Stories Total: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Sewer Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Basement: Yes
  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Fireplace: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
Multi Family
Multi Family Information
  • Number Of Units Total: 3

Property History for 217 Richter Street

DateEvent & SourcePriceAppreciation
Oct 17, 2023

Sold

MiRealSource #60241277

$150,000—
Oct 16, 2023

Contract Signed

MiRealSource #60241277

—
Jul 27, 2023

Permanently Off Market

MiRealSource #60240238

$159,900—
DateEvent & SourcePrice
10/17/2023

Sold

MiRealSource #60241277

$150,000
10/16/2023

Contract Signed

MiRealSource #60241277

—
07/27/2023

Permanently Off Market

MiRealSource #60240238

$159,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 217 Richter Street

Taxable ValueLand-Additions-Total-
Tax Record2023$6,751 ($563 / month)
Home Facts
Beds0Baths4Total Finished SqFt2,390 SqFtAbove Grade Finished SqFt2,390 SqFtStories2Lot Size5,663 SqFtStyleSingle Family ResidenceYear Built1937ZoningR1 ONECountyWAYNEAPN50 005 06 0161 000

Schools near 217 Richter Street

This home is within River Rouge, School District Of The City Of.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 8
Rating
School
Distance
Ann Visger K-5 Preparatory Academy
PublicPK to 5

Cb Sabbath 6-8 Preparatory Academy
Public6 to 8

River Rouge High School
Public9 to 12

River Rouge Stem Academy at Dunn
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of EXP Realty Main

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