Under Contract
632 Division Street, Adrian, MI 49221
$139,900
MLS # 50197905 (MiRealSource)
Built 19000.27 acres
1 / 35
Listing Description
Discover a lucrative investment opportunity with this 3-unit multi-family property located in the heart of Adrian. Generating a robust gross rental income of $2,250 per month, this property offers a steady cash flow while tenants cover their own electric bills, enhancing your profit margins. Ideal for seasoned investors or those looking to enter the rental market, this property combines convenience and financial potential in a desirable location. Don't miss your chance to secure this income-generating asset today. Furnace 1 year old.
Source: SparkMLS
About this home
3-bath home in Adrian in Adrian built in 1900.
Currently offered at $139,900.
Electric service is provided by Midwest Energy Cooperative; natural gas by Citizens Gas Fuel Company. Fiber internet is available at this address with download speeds up to 7,000 Mbps across 11 providers.
Listing Property Details
Property TypeMulti Family
Bathrooms3
Lot Size0.27 acres
Year Built1900
Location
CityAdrian
MunicipalityAdrian City
Zip Code49221
CountyLenawee
Construction & Systems
ConstructionAluminum Siding
BasementMichigan Basement
HeatingForced Air
Sale & Financing
Listed1/19/2026
Terms AcceptedCash, Conventional, FHA
Source: SparkMLS
Tax Information
Parcel #XA0-422-3024-00
Source: SparkMLS
Legal Description
Lot 18 BLK 12 L G & A S BERRYS CONTINUATION OF SOUTHERN ADDITION
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Adam Keller
Foundation Realty, LLC
Frequently Asked Questions about 632 Division Street, Adrian, MI 49221
What type of financing is accepted for this listing?
Per MLS# 50197905, this listing accepts Cash, Conventional, FHA financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 632 Division Street, Adrian, MI 49221 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 632 Division Street, Adrian, MI 49221 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 632 Division Street, Adrian, MI 49221. The maximum advertised download speed is 7.0 Gbps. 11 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 632 Division Street, Adrian, MI 49221?
Per Michigan Public Service Commission service territory data: Electric: Midwest Energy Cooperative. Gas: Citizens Gas Fuel Company. 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 Adrian City police department or the Lenawee County sheriff's office.
Map
BETAMulti-Year Tax History
View SEV, Taxable Value, and uncapping difference for this parcel — Lenawee County public records.
Mortgage Calculator
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Monthly payment$907
Principal & interest$907
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
7 Gbps
Upload
7 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteUnlicensed Fixed WirelessSatelliteDSL
11 providers at this address
FrontierFiber
7 GbpsD & P CommunictionsFiber
4 GbpsXfinityCable
2 GbpsVerizonLicensed Fixed Wireless
300 MbpsStarlinkGSO Satellite
280 MbpsMercury FiberUnlicensed Fixed Wireless
150 MbpsHughesNetSatellite
100 MbpsViasat IncSatellite
100 MbpsAT&TLicensed Fixed Wireless
25 MbpsFrontierDSL
10 Mbps+ 1 more
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
Midwest Energy Cooperative
Co-op
Citizens Gas Fuel Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
632 Division Street, Adrian, MI 49221
View full property history →
Municipality
Adrian
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County
Lenawee County
View county overview →
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