For Sale
338 Richter Street, River Rouge, MI 48218
$150,000
MLS # 20261042628 (Realcomp)
Built 19290.11 acres
1 / 14
Listing Description
INVESTOR SPECIAL – TWO-FAMILY BRICK FLAT FOR SALE! Don’t miss this incredible opportunity to finish and profit from this spacious two-unit brick multifamily property! This solid investment property features:2 Units, 2 Bedrooms / 1 Bathroom Per Unit, Brick Construction, Hardwood Floors, Major Renovations Already Started. Recent improvements include: New Electrical Work, New Plumbing Updates, HVAC Installation Started, Drywall Replacement in Several Areas,Flooring Improvements Completed. A significant amount of work and money has already been invested, allowing the next owner to complete the renovation and maximize returns. Perfect for a buy-and-hold investor, house hacker, or fix-and-flip opportunity. Motivated Seller – Distressed Situation Creates Opportunity!Whether you’re looking to generate rental income or build equity through renovation, this property offers tremendous upside potential. A must see, Opportunities like this don’t last long!
Source: SparkMLS
About this home
This 2-bath home built in 1929 sits in River Rouge in River Rouge.
Listed at $150,000.
Annual property taxes run approximately $3,462 ($289/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms2
Lot Size0.11 acres
Year Built1929
Location
CityRiver Rouge
MunicipalityRiver Rouge City
Zip Code48218
CountyWayne
School DistrictRiver Rouge
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
Sale & Financing
Listed6/7/2026
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$3,462
Parcel #50005060095300
Source: SparkMLS
Legal Description
496A95 96A LOT 95 ALSO NLY 19 FT OF LOT 96 HOODS SUB PC 496 L16 P3 WCR
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 Kelly Wilson
Harvest Homes Realty
Frequently Asked Questions about 338 Richter Street, River Rouge, MI 48218
Which school district serves 338 Richter Street, River Rouge, MI 48218?
Per MLS# 20261042628, 338 Richter Street, River Rouge, MI 48218 is in the River Rouge boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact River Rouge directly to confirm enrollment eligibility.
What financing options are available for 338 Richter Street, River Rouge, MI 48218?
Per MLS# 20261042628, this listing accepts Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 338 Richter Street, River Rouge, MI 48218?
Per public tax records, annual property taxes for this property are $3,462. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 338 Richter Street, River Rouge, MI 48218 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 338 Richter Street, River Rouge, MI 48218 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. 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.
What utilities serve 338 Richter Street, River Rouge, MI 48218?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Monthly payment$973
Principal & interest$973
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
338 Richter Street, River Rouge, MI 48218
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Municipality
River Rouge
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County
Wayne County
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