Charming, hard to find four family investment property in Rochester. Enjoy a short walk to town where you will find a delightful
blend of historic charm and modern vibrancy. Here, you’ll find more than 350 shops to explore. Very unique, well maintained
4-unit complex with additional 3 car garage and separate laundry/out building that has development potential.
All units have private entrances, are one bedroom/one bath and are spacious at 900 sq. ft.. Each unit offers a different floor plan
and unique characteristics.
The complex has many updates to include: newer HVAC systems, updated Pella windows, refinished hardwood floors,
appliances, cabinets and full cement driveway.
All units are currently occupied have an excellent rental history. Current rates are under market value and the new owner has
an opportunity to increase ROI.
Please do not approach the tenants. Finacial documents available in documents.
Sold for $640,000
$640,000
501 W 3rd St, Rochester, MI 48307
4beds
4,217sqft
Multi Family
Built in 1945
-- sqft lot
$688,200 Zestimate®
$152/sqft
$2,241 Estimated rent
Home value
$688,200
$640,000 - $743,000
$2,241/mo
Zestimate® history
Owner options
List your home for rent
$2,241/mo
Rent Zestimate®
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$2,241/mo
Rent Zestimate®
Refinance and save
$4,193/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$4,193/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Jeffery Alasina 248-644-6300,
Coldwell Banker Professionals-Birm
Bought with:
Kyle T Matta, 6501391152
@properties Christie's Int'l R E Rochester
Source: Realcomp II,MLS#: 20240051308
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Laundry: Laundry Room, Other
Features
- Basement: Common,Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 4,217 sqft
- Finished area above ground: 4,217
Property
Parking
- Total spaces: 5
- Parking features: Assigned, Garage, Lighted, On Street, Paved, Shared Driveway
- Has garage: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Porch
- Exterior features: Private Entrance
- Pool features: None
Lot
- Size: 0.32 Acres
- Dimensions: 60.00 x 172.00
Details
- Parcel number: 1515208010
- Zoning description: MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Quadruplex
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Foundation: Basement, Block, Crawl Space
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1945
- Major remodel year: 2013
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
- Subdivision: SUPRVR'S PLAT NO 4 - VLG OF ROCH
Location
- Region: Rochester
Financial & listing details
- Price per square foot: $152/sqft
- Tax assessed value: $238,610
- Annual tax amount: $12,167
- Date on market: 7/16/2024
- Cumulative days on market: 6 days
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2024 | Sold | $640,000-4.2%$152/sqft |
Source:  Realcomp II #20240051308 Report a problem | ||
| 7/22/2024 | Pending sale | $668,000$158/sqft |
Source: Realcomp II #20240051308 Report a problem | ||
| 7/16/2024 | Listed for sale | $668,000+24.9%$158/sqft |
Source: Realcomp II #20240051308 Report a problem | ||
| 7/25/2018 | Sold | $535,000+262.7%$127/sqft |
Source: Public Record Report a problem | ||
| 7/18/2012 | Sold | $147,500-47.2%$35/sqft |
Source: Public Record Report a problem | ||
| 8/16/2011 | Sold | $279,443$66/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,781 +5% | $293,030 +2.9% |
| 2024 | $12,167 +5% | $284,810 +10.4% |
| 2023 | $11,588 +4.9% | $257,920 +13.5% |
| 2022 | $11,043 -2.2% | $227,250 +0.5% |
| 2021 | $11,291 | $226,050 -0.2% |
| 2020 | -- | $226,590 +6% |
| 2019 | $11,142 +123.3% | $213,670 +28.4% |
| 2018 | $4,989 +2.5% | $166,360 -2% |
| 2017 | $4,870 | $169,790 +2.2% |
| 2016 | $4,870 | $166,080 +6.8% |
| 2015 | -- | $155,480 +52.8% |
| 2014 | -- | $101,760 -57.1% |
| 2005 | $3,127 | $237,000 +57.5% |
| 2003 | -- | $150,520 +22.2% |
| 2002 | -- | $123,180 +64.2% |
| 2001 | $4,009 +3.6% | $75,000 +3.2% |
| 2000 | $3,870 | $72,680 |
Find assessor info on the county website
Neighborhood: 48307
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Nearby schools
GreatSchools rating
- 6/10McGregor Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 9/10Rochester High SchoolGrades: 7-12Distance: 0.9 mi
- 10/10West Middle SchoolGrades: 6-12Distance: 1.8 mi
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Estimated market value
$688,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$688,200
- Michigan
- Oakland County
- Rochester
- 48307
- 501 W 3rd St
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