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194 Richter Street River Rouge, MI $ 239,900
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$ 239,900 Get more info
194 Richter Street
$ 239,900
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194 Richter Street

River Rouge, MI, 48218
$ 239,900
Bedrooms-- Baths3.0

Monthly Estimate*

$ 1,657

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Multi-Family Home for sale in River Rouge, MI

for $239,900 with 3 full baths. This home was built in 1916 on a lot size of 0.14.

Check out this prime investment opportunity at 194 Richter, River Rouge--a 7-bedroom, 4-bathroom quadplex currently operating as a rental! This well-maintained property features four spacious units, each crafted for comfortable living, ensuring steady rental income. Perfect for investors or those seeking a hassle-free income property, this quadplex offers strong cash flow potential in a desirable River Rouge location. Don't miss your chance to own this income-producing gem! This property also includes 192 Richter. This property is currently rented at $4,000 per month. No showings without an accepted offer.

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Multi-Family Active

Price

$ 239,900

Full Bath

3

Property Type

Multi-Family

Taxes

$ 6,256

Style

2 to 4 Units

Lot Size

0.14

Year Built

1916

Town/City

River Rouge

County/Region

Wayne

MLS | Web ID

26058428
Features
General
Sewer Public Sewer
Heating Forced Air
Utilities Natural Gas Available Electricity Available Cable Available Natural Gas Connected Electricity Connected Cable Connected
Possession Close Of Escrow
Construction Materials Brick Vinyl Siding
Year Built 1916
Tenant Pays Electric Gas
Township River Rouge City
Property Subtype 2 to 4 Units
Tax Year 2025
County Wayne
New Construction false
Property Type Multi Family
Status Active
City River Rouge
High School District River Rouge
Number Of Units Total 4
Lot Size Units Acres
Lot Size Square Feet 6098
Listing Terms VA Loan FHA Cash Conventional
Tax Annual Amount 6256
Standard Status Active
Tax Assessed Value 85300
Legal Description 496A22 496A23 LOTS 22 AND 23 HOODS SUB PC 496 L16 P3 WCR
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Interior
Basement Partial
Basement (Y/N) true
Heating Y/N true
Total Baths 3
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Exterior
Total Parking 4
Lot Size Area 0.14
Number of Buildings 1
Lot Dimensions 60X100
Lot Size Acres 0.14
Waterfront Y/N false
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Internal Only
Street Number 1 194
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* Excluded Features
List By
Cornerstone Real Estate

Broker

jeremy@cornerstonemi.com

Email

Affordability Calculator

$2,178
Per Month
76%
24%
0%
Monthly Principal & Interest
$1,657
Monthly Property Taxes
$521
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4491394 Elementary School
4491392 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/4/2026$239,900 Listed Price

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194 Richter Street, River Rouge, MI, 48218 is a Multi-Family Home for sale at $239,900 with a lot size of 0.14. 194 Richter Street has 3.0 baths and was built in 1916. The property's zip code is 48218 which is in River Rouge, MI

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