Pending
416 River Street, Three Rivers, MI 49093
$315,000
MLS # 25059336 (Michigan Regional Information Center (MichRIC))
4 unitsBuilt 19760.29 acres
1 / 18
Listing Description
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.
Source: SparkMLS
About this home
Asking $315,000.
Annual property taxes run approximately $2,216 ($185/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Indiana Michigan Power Company; natural gas by SEMCO Energy Gas Company. Fiber internet is available at this address with download speeds up to 8,000 Mbps across 9 providers.
Listing Property Details
Property TypeMulti Family
Property Subtype2 to 4 Units
Bathrooms0
Lot Size0.29 acres
Year Built1976
Location
CityThree Rivers
MunicipalityThree Rivers City
Zip Code49093
CountySt. Joseph
School DistrictThree Rivers
Construction & Systems
ConstructionVinyl Siding
BasementSlab
HeatingRadiant
SewerPublic Sewer
UtilitiesElectricity Available, Electricity Connected
Sale & Financing
Listed11/19/2025
Original Price$350,300
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,216
Tax Year2025
Assessed Value$35,123
Parcel #051 230 018 02
Source: SparkMLS
Legal Description
COM 192 FT E OF INT S MAIN ST & RIVER ST TH E 95 FT (REC 100 FT) ALG RIVER ST TH N TO RIVER TH WLY ALG RIVER TO PT DUE N OF POB TH S TO POB. PT OF LOT 17 BLK 1 FLINTS ADD CITY OF 3 RIVERS.
Property Records
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Kascee Wyatt
Michigan Top Producers
Frequently Asked Questions about 416 River Street, Three Rivers, MI 49093
Which school district serves 416 River Street, Three Rivers, MI 49093?
Per MLS# 25059336, 416 River Street, Three Rivers, MI 49093 is in the Three Rivers boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Three Rivers directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 25059336, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 416 River Street, Three Rivers, MI 49093?
Per public tax records, annual property taxes for this property are $2,216 (2025). 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, 416 River Street, Three Rivers, MI 49093 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 416 River Street, Three Rivers, MI 49093 in a flood zone?
Per FEMA flood maps, this property is designated as Zone AE, a high-risk flood area. Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 416 River Street, Three Rivers, MI 49093. The maximum advertised download speed is 8.0 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 416 River Street, Three Rivers, MI 49093?
Per Michigan Public Service Commission service territory data: Electric: Indiana Michigan Power Company. Gas: SEMCO Energy Gas Company. Sewer: Public Sewer. 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 Three Rivers City police department or the St. Joseph County sheriff's office.
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Mortgage Calculator
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Monthly payment$2,043
Principal & interest$2,043
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
8 Gbps
Upload
8 Gbps
FiberCableGSO SatelliteUnlicensed Fixed WirelessSatelliteDSLLicensed Fixed Wireless
9 providers at this address
Surf InternetFiber
8 GbpsFrontierFiber
7 GbpsXfinityCable
2 GbpsStarlinkGSO Satellite
280 MbpsMercury FiberUnlicensed Fixed Wireless
150 MbpsViasat IncSatellite
100 MbpsHughesNetSatellite
50 MbpsFrontierDSL
10 MbpsT-MobileLicensed Fixed Wireless
0 MbpsFCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
Indiana Michigan Power Company
Investor-Owned
SEMCO Energy Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
416 River Street, Three Rivers, MI 49093
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Municipality
Three Rivers
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