A fantastic investment opportunity in Adrian! This well-maintained triplex features three rental units with separate utilities and a strong rental history. Ideal for investors looking to generate income immediately. All 3 single units occupied generating $2500 p/month in rent. Modern upgrades and stylish finishes in the upper unit, making it highly desirable for tenants. Includes a 2-car detached garage with ample additional parking space. Recently painted within the last few years, enhancing the curb appeal and reducing maintenance. This triplex is a fantastic opportunity for investors looking to acquire a solid, income-generating property.
Sold for $175,000
$175,000
561 S Main St, Adrian, MI 49221
3beds
1,942sqft
Multi Family
Built in 1870
-- sqft lot
$182,800 Zestimate®
$90/sqft
$1,362 Estimated rent
Home value
$182,800
$159,000 - $210,000
$1,362/mo
Zestimate® history
Owner options
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$1,362/mo
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$1,362/mo
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$1,170/mo
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$1,170/mo
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List your homeWhat's special
Modern upgradesStylish finishesCurb appealAmple additional parking space
Zillow last checked:
Listing updated:
Listed by:
Khrys Gould 517-270-0241,
Howard Hanna Real Estate Services-Adrian
Bought with:
Khrys Gould, 6501418062
Howard Hanna Real Estate Services-Adrian
Source: MiRealSource,MLS#: 50158408
Originating MLS: Lenawee County Association of REALTORS
Originating MLS: Lenawee County Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Bedroom 1
- Features: No
Bathroom
- Features: Master Bedroom Bath
Kitchen
- Features: Eat-in Kitchen
Heating
- Forced Air
Cooling
- Ceiling Fan(s)
Appliances
- Included: Dryer, Microwave, Range/Oven, Refrigerator, Washer, Gas Water Heater
Features
- Basement: Full,Brick
- Has fireplace: No
Interior area
- Total structure area: 1,942
- Total interior livable area: 1,942 sqft
Property
Parking
- Total spaces: 3
- Parking features: 3 or More Spaces, Detached
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Waterfront features: None
- Body of water: None
- Frontage length: 45
Lot
- Size: 7,840 Square Feet
- Dimensions: 45 x 162
- Features: Main Street
Details
- Additional structures: Garage(s)
- Parcel number: XA0320000500
- Special conditions: Private
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Conventional Frame
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Basement, Brick
Condition
- Year built: 1870
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
Community & HOA
Community
- Subdivision: Merrick / S Dennis / State
Location
- Region: Adrian
Financial & listing details
- Price per square foot: $90/sqft
- Tax assessed value: $101,163
- Annual tax amount: $3,355
- Date on market: 10/15/2024
- Cumulative days on market: 91 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA
- Total actual rent: 2500
Price history
| Date | Event | Price |
|---|---|---|
| 1/17/2025 | Sold | $175,000-5.4%$90/sqft |
Source:  MiRealSource #50158408 Report a problem | ||
| 1/15/2025 | Pending sale | $184,900$95/sqft |
Source: MiRealSource #50158408 Report a problem | ||
| 11/24/2024 | Contingent | $184,900$95/sqft |
Source: MiRealSource #50158408 Report a problem | ||
| 11/13/2024 | Listed for sale | $184,900$95/sqft |
Source: MiRealSource #50158408 Report a problem | ||
| 11/12/2024 | Contingent | $184,900$95/sqft |
Source: MiRealSource #50158408 Report a problem | ||
| 11/10/2024 | Price change | $184,900-2.6%$95/sqft |
Source: MiRealSource #50158408 Report a problem | ||
| 11/1/2024 | Listed for sale | $189,900$98/sqft |
Source: MiRealSource #50158408 Report a problem | ||
| 10/22/2024 | Contingent | $189,900$98/sqft |
Source: MiRealSource #50158408 Report a problem | ||
| 10/15/2024 | Listed for sale | $189,900+111%$98/sqft |
Source: MiRealSource #50158408 Report a problem | ||
| 8/14/2023 | Sold | $90,000-30.8%$46/sqft |
Source: Public Record Report a problem | ||
| 3/30/2022 | Sold | $130,000$67/sqft |
Source: MiRealSource #50069316 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,715 -18.5% | $50,581 +12.4% |
| 2024 | $3,334 +61.8% | $44,993 +3.9% |
| 2023 | $2,060 | $43,298 +5.2% |
| 2022 | -- | $41,174 +8.5% |
| 2021 | $1,986 | $37,949 -2.4% |
| 2020 | $1,986 +3.1% | $38,889 +17.5% |
| 2019 | $1,927 | $33,100 -17.2% |
| 2018 | -- | $39,982 +23.4% |
| 2017 | $917 | $32,393 -1.9% |
| 2016 | -- | $33,015 +5.8% |
| 2014 | -- | $31,200 -20.6% |
| 2012 | -- | $39,300 |
| 2011 | -- | $39,300 -6.9% |
| 2010 | -- | $42,200 -16.4% |
| 2009 | -- | $50,500 -2.3% |
| 2008 | -- | $51,700 +4.4% |
| 2006 | -- | $49,500 |
| 2005 | -- | $49,500 +10% |
| 2004 | $1,538 | $45,000 +17.5% |
| 2002 | -- | $38,300 +7.9% |
| 2001 | -- | $35,500 |
| 2000 | -- | $35,500 |
Find assessor info on the county website
Neighborhood: 49221
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Nearby schools
GreatSchools rating
- 4/10Michener Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 4/10Springbrook Middle SchoolGrades: 6-8Distance: 1.1 mi
- 4/10Adrian High SchoolGrades: 8-12Distance: 1.3 mi
Schools provided by the listing agent
- District: Adrian City School District
Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$182,800
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
$182,800
- Michigan
- Lenawee County
- Adrian
- 49221
- 561 S Main St
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