465 W Wright Avenue Shepherd, MI ^$ 550,000

465 W Wright Avenue

^$ 550,000

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Recently Listed

465 W Wright Avenue

Shepherd, MI, 48883

^$ 550,000

Studio Baths0.0 Sq 700

Monthly Estimate*

^$ 3,386

465 W Wright Avenue, Shepherd, MI 48883 - Image 1

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Studio

Multi-Family Home for sale in Shepherd, MI

for $550,000. This 700 square foot home was built in 2003 on a lot size of 0.35.

465 W Wright Ave is an 8-unit multifamily property consisting of two buildings with four units each. Each building features its own on-site laundry facility, providing tenant convenience and additional income potential. Each unit is 1 bedroom 1 bathroom. Located on a quiet residential street with easy access to local amenities, this asset offers stable rental demand and long-term upside in the Mid-Michigan market. Ideal for both new and experienced investors seeking reliable cash flow.

Multi-Family Active

Price

^$ 550,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.35

Year Built

2003

Town/City

Shepherd

County/Region

Isabella

MLS | Web ID

80065116

Features

General

Heating Forced Air

Cooling Central A/C

Possession At Close

Water Public Water

Appliances Range/Oven Refrigerator

Status Active Active

Year Built 2003

Subdivision Plat West Lawn Subdivision MI

County Isabella

Class MULTIFAMILY

Type Multi-Family

Ownership Corporation

Municipality Shepherd

Section 8

Zoning Commercial

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Shepherd (37020)

Primary City Shepherd

Directions Located on the South side of Wright Ave just East of Blanchard Rd curve

City Shepherd

School District Shepherd Public School District

Financial Terms Cash

Legal Description PLAT WEST LAWN SUBDIVISION VIL OF SHEPHERD LOT 11 & E 25 FT LOT 10 BLK 1 AND THE S 53 FT OF THE N 54 FT OF THE W 8 FT OF LOT 12 BLK 1.ACREAGE & DESCRIPTION EDITED PER ASSR 11-18-15

DOM 4

Postal Code 48883

Price Per Sq Ft Total AG 785.71

Public Remarks 465 W Wright Ave is an 8-unit multifamily property consisting of two buildings with four units each. Each building features its own on-site laundry facility

Interior

Total Number of Units 8

Fuel Type Natural Gas

Exterior

Lot Size Area 0.35

Lot Dimensions 100x160

Water Features None

Waterfront Y/N No

* Excluded Features

List By

Gavin Percha

Listing Agent

Keller Williams Of Nm Signature Group

Broker

gavinpercha@kw.com

Affordability Calculator

$3,386

Per Month

Monthly Principal & Interest: $3,386
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Shepherd, MI

Average List Price ^$550,000

Percent of Sale Price 0%

About Shepherd, MI

1,498 Population

-2% Since 2002

^$46,958 Median Income

39.36 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1850063 Elementary School

1850067 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/30/2026	$550,000		Listed Price

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465 W Wright Avenue, Shepherd, MI, 48883 is a Multi-Family Home for sale at $550,000 with 700 sqft and a lot size of 0.35. 465 W Wright Avenue is a studio with 0.0 baths and was built in 2003. The property's zip code is 48883 which is in Shepherd, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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465 W Wright Avenue

Multi-Family Home for sale in Shepherd, MI

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