Sold
318 N Water Street, Owosso, MI 48867
Sold on 05/29/2026 for$159,000
MLS # 50203188 (MiRealSource)
3 beds1 bathBuilt 19100.09 acres
1 / 20
Listing Description
Unique Opportunity Near the River & Downtown! Imagine living just steps from the river, scenic river trail, and vibrant downtown. Currently used as an office and zoned commercial, however the city says that zoning now allows residential use, opening the door to create a beautiful 3-bedroom home in a prime location. Contractor's quote has been obtained to install a brand-new kitchen with Quartz countertops. Seller has agreed to escrow the funds for the kitchen as required for a mortgage. Ideal for a primary home, short-term rental, professional office, or mixed use. Properties with this kind of location and versatility rarely come available. Paved parking in back with ramp. Hardwood floors, open staircase, and covered porch bring the charm and character of Owosso's historic homes too! Contact listing agent for lender option that has agreed to accept an escrow for the new kitchen and provide a conventional, FHA, VA, or RD mortgage.
Source: SparkMLS
About this home
3-bedroom, 1-bath home in Owosso in Owosso built in 1910.
Final sale price: $159,000.
Electric service is provided by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Lot Size0.09 acres
Year Built1910
Location
CityOwosso
MunicipalityOwosso City
Zip Code48867
CountyShiawassee
School DistrictOwosso
Construction & Systems
ConstructionVinyl Siding
HeatingForced Air
SewerPublic
Sale & Financing
Listed3/31/2026
Sold Date5/28/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Morgan Beilfuss
The Home Office Realty LLC
Frequently Asked Questions about 318 N Water Street, Owosso, MI 48867
What school district is 318 N Water Street, Owosso, MI 48867 in?
Per MLS# 50203188, this property is served by Owosso. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 318 N Water Street, Owosso, MI 48867?
Per MLS# 50203188, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA, VA Loan. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
Is 318 N Water Street, Owosso, MI 48867 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 318 N Water Street, Owosso, MI 48867 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. Sewer: Public. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Owosso City police department or the Shiawassee County sheriff's office.
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Monthly payment$1,167
Principal & interest$1,167
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
318 N Water Street, Owosso, MI 48867
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Municipality
Owosso
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