194 Richter Street River Rouge, MI ^$ 239,900

194 Richter Street

^$ 239,900

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Recently Listed

194 Richter Street

River Rouge, MI, 48218

^$ 239,900

Bedrooms-- Baths0.0

Monthly Estimate*

^$ 1,657

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Multi-Family Home for sale in River Rouge, MI

for $239,900. 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.

Multi-Family Active

Price

^$ 239,900

Property Type

Multi-Family

Taxes

^$ 6,256

Style

Lot Size

0.14

Year Built

1916

Town/City

River Rouge

County/Region

Wayne

MLS | Web ID

70568075

Features

General

Heating Forced Air

Status Active Active

Year Built 1916

County Wayne

Class MULTIFAMILY

Type Multi-Family

Municipality River Rouge

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area River Rouge (82144)

Primary City River Rouge

City River Rouge

Financial Terms Cash Conventional FHA VA

Legal Description 496A22 496A23 LOTS 22 AND 23 HOODS SUB PC 496 L16 P3 WCR

DOM 2

Postal Code 48218

Public Remarks 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

Exterior

Exterior Brick Vinyl Siding

Frontage 60

Lot Size Area 0.14

Lot Dimensions 60X100

Waterfront Y/N No

Interior

Total Number of Units 4

Fuel Type Natural Gas

* Excluded Features

List By

Jeremy Rhodes

Listing Agent

Cornerstone Real Estate

Broker

jeremy@cornerstonemi.com

Affordability Calculator

$2,178

Per Month

Monthly Principal & Interest: $1,657
Monthly Property Taxes: $521
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in River Rouge, MI

Average List Price ^$208,271

Percent of Sale Price 13%

About River Rouge, MI

7,258 Population

-27% Since 2002

^$27,700 Median Income

34.64 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
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 0.0 baths and was built in 1916. The property's zip code is 48218 which is in River Rouge, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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194 Richter Street

Multi-Family Home for sale in River Rouge, MI

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