500 River Street

$350,300
Price
8
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

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...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.
  1. Listed by Kascee Wyatt • Brokerage DRE #6501380432 • Michigan Top Producers
    P: (517)-677-1789 C: (517)-677-1789 kascee@michigantopproducers.com

Property Details for 500 River Street

Zoning
Residential
ZoningDescription
Residential
Waterfront Features
River
LISTING UPDATED: 11/20/2025 06:34 PM

Property Details for 500 River Street

StatusActive
MLS #25059338
Days on Market2455
Taxes$2,065 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2 to 4 Units
Year Built1972
Lot Size0.48 AC / 20,996 SF
CountySt. Joseph County

Location

Listing Courtesy of Michigan Top Producers
Add your commute

Building Information for 500 River Street

Stories-Residences4Year Built1972Building Size-Lot Size0.48 AC / 20,996 SF

Payment Calculator

$1,903 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,731

Property Taxes

$172

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 500 River Street

Summary
Location and General Information
  • Cross Streets: S Main St and Mechanic
  • Municipality: Three Rivers City
  • Body of Water: St Joseph River
  • Directions: Take S Main St to River St. Property sits adjacent to the River.
  • Area - Major: St. Joseph County - J
  • Street #: 500
  • Street Name: River
  • Suffix: Street
  • City: Three Rivers
  • State: MI
  • Zip Code: 49093
  • County: St. Joseph
  • Latitude: 41.940218
  • Longitude: -85.628111
  • Area - Minor: St. Joseph County - J
  • Water Type: River
Taxes and HOA
  • Taxable Value: 32736.0
  • Approx. Assoc Fee: $0
  • Tax ID #: 051 230 018 01
Parking
  • Parking Features: Concrete, Driveway
  • Parking Total: 5.0
  • Attached Garage: No
  • Driveway: Concrete
Virtual Tour
  • Total Virtual Tours Count: 0
  • Total Open Houses Count: 0
Property
Lot Information
  • Lot Dimensions: 90x150
  • Lot Measurement: Acres
  • Lot Acres: 0.48
  • Lot Square Footage: 20996.0
  • Lot Size Area: 0.48
Property and Assessments
  • Tax Year: 2025
  • Road Surface Type: Paved
  • 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.
  • Property Sub-Type: 2 to 4 Units
  • New Construction: No
  • Total Floor Plans Count: 0
  • Property Type: Multi Family
  • Year Built: 1972
  • Video Groups: 0
Utilities
  • Utilities: Electricity Available, Phone Connected, Electricity Connected, Cable Connected
  • Electric: True
  • Sewer: Public Sewer, True
  • Util Avail at Street: Electricity Available, Public Sewer, Public Water
  • Utilities Attached: Cable Connected, Electricity Connected, Phone Connected
  • Water: Public Water
Interior and Exterior Features
Exterior Features
  • Roof: Composition
  • Construction Materials: Vinyl Siding
  • Water Fea Amenities: Private Frontage
  • Street Type: Paved, Public
  • Exterior Material: Vinyl Siding
  • Roofing: Composition
  • Substructure: Slab
  • Extras: Sep Electric Meter
Interior Features
  • Heating: Radiant
  • Basement: No
  • Cooling: None
  • Basement Yes/No: No
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): 0.0
  • Bathrooms Total (Notational): 0.0
  • Cooling: No
  • Heating: Yes
  • Heat Source: Other
  • Heat Type: Radiant
  • Air Conditioning: None
Multi Family
Multi Family Information
  • Number of Units: 4
Unit Information
Unit 1
  • BathsTotal: 1
  • BedsTotal: 2
  • FullBaths: 1
  • HalfBaths: 0
  • ActualRent: $750.00
  • Occupied: Yes
  • Description: Unit 1
Unit 2
  • BathsTotal: 1
  • BedsTotal: 2
  • FullBaths: 1
  • HalfBaths: 0
  • ActualRent: $750.00
  • Occupied: Yes
  • Description: Unit 2
Unit 3
  • BathsTotal: 1
  • BedsTotal: 2
  • FullBaths: 1
  • HalfBaths: 0
  • ActualRent: $750.00
  • Occupied: Yes
  • Description: Unit 3
Unit 4
  • BathsTotal: 1
  • BedsTotal: 2
  • FullBaths: 1
  • HalfBaths: 0
  • ActualRent: $750.00
  • Occupied: Yes
  • Description: Unit 4
Unit 5
  • BathsTotal: 0
Unit 6
  • BathsTotal: 0
Unit 7
  • BathsTotal: 0
Unit 8
  • BathsTotal: 0
Unit 9
  • BathsTotal: 0
Unit 10
  • BathsTotal: 0
Unit 11
  • BathsTotal: 0
Unit 12
  • BathsTotal: 0
Rental
Rental Information
  • Occupant Type: Tenant
  • Tenant Pays: Electric
  • Owner Pays: Sewer, Water
  • Terms Available: Cash, Conventional

Property History for 500 River Street

DateEvent & SourcePriceAppreciation
Nov 20, 2025

Listed (Active)

Michigan Regional Information Center #25059338

$350,300—
Jan 1, 2022

Temporarily Off Market

Michigan Regional Information Center #21019877

$100,000—
Sep 30, 2021

Sold (Public Record)

Public Record #1475001838

$174,900

+60.1% / yr

Aug 24, 2021

Listed (Active)

Michigan Regional Information Center #21019877

$180,000—
May 14, 2012

Sold (Public Record)

Public Record #1117098548

$2,114—
May 10, 2012

Sold (Public Record)

Public Record #1117098318

$35,000—
Dec 15, 2009

Permanently Off Market

Michigan Regional Information Center #2938245

$39,900—
Sep 26, 2009

Listed (Active)

Michigan Regional Information Center #2938245

$39,900—
Apr 1, 1992

Sold

Michigan Regional Information Center #9154435

$52,500—
Apr 1, 1992

Contract Signed

Michigan Regional Information Center #9154435

—
Oct 28, 1991

Listed (Active)

Michigan Regional Information Center #9154435

$70,000—
DateEvent & SourcePrice
11/20/2025

Listed (Active)

Michigan Regional Information Center #25059338

$350,300
01/01/2022

Temporarily Off Market

Michigan Regional Information Center #21019877

$100,000
09/30/2021

Sold (Public Record)

Public Record #1475001838

$174,900

+60.1% / yr

08/24/2021

Listed (Active)

Michigan Regional Information Center #21019877

$180,000
05/14/2012

Sold (Public Record)

Public Record #1117098548

$2,114
05/10/2012

Sold (Public Record)

Public Record #1117098318

$35,000
12/15/2009

Permanently Off Market

Michigan Regional Information Center #2938245

$39,900
09/26/2009

Listed (Active)

Michigan Regional Information Center #2938245

$39,900
04/01/1992

Sold

Michigan Regional Information Center #9154435

$52,500
04/01/1992

Contract Signed

Michigan Regional Information Center #9154435

—
10/28/1991

Listed (Active)

Michigan Regional Information Center #9154435

$70,000

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

Public Records for 500 River Street

Taxable ValueLand$7,200Additions$21,600Total$28,800
Tax Record2021$1,726 ($144 / month)
Home Facts
Beds0Lot Size12,632 SqFtStyleSingle Family ResidenceCountyST. JOSEPHAPN051-230-018-01

Schools near 500 River Street

This home is within Three Rivers Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Andrews Elementary School
PublicPK to 5

Three Rivers Middle School
Public6 to 8

Three Rivers High School
Public9 to 12

Ruth Hoppin School
PublicK to 5

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.

Similar Homes

Similar Sold Homes

500 River Street is a multi-family home for sale in Three Rivers, MI 49093. This property was listed for sale on November 20, 2025 by Michigan Top Producers, it's currently listed at $350,300. It has been on the market for a total of 2455 days and was last sold on September 30, 2021. This listing's school district is Three Rivers Community Schools. Nearby schools include Andrews Elementary School, Three Rivers Middle School and Three Rivers High School. 500 River Street is a 8-bed, 4-bath, multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Michigan Top Producers

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