Discover a lucrative investment opportunity with this 3-unit multi-family property located in the heart of Adrian. Generating a robust gross rental income of $2,250 per month, this property offers a steady cash flow while tenants cover their own electric bills, enhancing your profit margins. Ideal for seasoned investors or those looking to enter the rental market, this property combines convenience and financial potential in a desirable location. Don't miss your chance to secure this income-generating asset today. Furnace 1 year old.
Contingent
$139,900
632 Division St, Adrian, MI 49221
4beds
1,780sqft
Multi Family
Built in 1900
-- sqft lot
$134,100 Zestimate®
$79/sqft
$-- HOA
What's special
- 156 days |
- 55 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Adam Keller 419-343-0249,
Foundation Realty, LLC 517-266-8888
Source: MiRealSource,MLS#: 50197905
Originating MLS: Lenawee County Association of REALTORS
Originating MLS: Lenawee County Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
Kitchen
- Features: Eat-in Kitchen, Pantry
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Range/Oven, Refrigerator
Features
- Sump Pump
- Windows: Window Treatments, Storms/Screens
- Basement: MI Basement
- Has fireplace: No
Interior area
- Total structure area: 1,780
- Total interior livable area: 1,780 sqft
Property
Parking
- Total spaces: 3
- Parking features: 3 or More Spaces, Unassigned, Detached
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio, Porch
- Exterior features: Sidewalks, Street Lights
- Fencing: Fenced
- Waterfront features: None
- Body of water: None
- Frontage length: 72
Lot
- Size: 0.27 Acres
- Dimensions: 181 x 72
- Features: Deep Lot - 150+ Ft., Large Lot - 65+ Ft., Sidewalks, Main Street
Details
- Additional structures: Garage(s), Workshop
- Parcel number: XA0422302400
- Zoning description: Multi-Family,Residential
- Special conditions: Private
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Farm House
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Foundation: Basement
Condition
- Year built: 1900
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected
Community & HOA
Community
- Features: Sidewalks
- Subdivision: None
Location
- Region: Adrian
Financial & listing details
- Price per square foot: $79/sqft
- Tax assessed value: $102,979
- Annual tax amount: $3,823
- Date on market: 1/20/2026
- Cumulative days on market: 157 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA
- Total actual rent: 2250
- Road surface type: Paved
Estimated market value
$134,100
$127,000 - $141,000
$974/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2026 | Contingent | $139,900$79/sqft |
Source:  MiRealSource #50197905 Report a problem | ||
| 5/26/2026 | Listed for sale | $139,900$79/sqft |
Source: MiRealSource #50197905 Report a problem | ||
| 3/16/2026 | Contingent | $139,900$79/sqft |
Source: MiRealSource #50197905 Report a problem | ||
| 3/5/2026 | Listed for sale | $139,900$79/sqft |
Source: MiRealSource #50197905 Report a problem | ||
| 2/13/2026 | Contingent | $139,900$79/sqft |
Source: MiRealSource #50197905 Report a problem | ||
| 1/20/2026 | Listed for sale | $139,900+19.6%$79/sqft |
Source: MiRealSource #50197905 Report a problem | ||
| 4/1/2024 | Sold | $117,000-6.3%$66/sqft |
Source: MiRealSource #50132834 Report a problem | ||
| 3/1/2024 | Contingent | $124,900$70/sqft |
Source: MiRealSource #50132834 Report a problem | ||
| 2/5/2024 | Listed for sale | $124,900+8.6%$70/sqft |
Source: MiRealSource #50132834 Report a problem | ||
| 1/26/2024 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/22/2024 | Listed for sale | $115,000+76.9%$65/sqft |
Source: Owner Report a problem | ||
| 11/24/2023 | Listing removed | -- |
Source:  Realcomp II #56050059143 Report a problem | ||
| 11/23/2021 | Sold | $65,000-11%$37/sqft |
Source: MiRealSource #50059143 Report a problem | ||
| 10/28/2021 | Contingent | $73,000$41/sqft |
Source: MiRealSource #50059143 Report a problem | ||
| 10/27/2021 | Listed for sale | $73,000+128.1%$41/sqft |
Source: MiRealSource #50059143 Report a problem | ||
| 8/10/2012 | Sold | $32,000-19.8%$18/sqft |
Source: MiRealSource #20096073 Report a problem | ||
| 7/11/2012 | Listed for sale | $39,900-20.2%$22/sqft |
Source: Foundation Realty #20006228 Report a problem | ||
| 4/10/2012 | Listing removed | $49,995$28/sqft |
Source: Goedert Real Estate #20004300 Report a problem | ||
| 12/6/2011 | Price change | $49,995-16.5%$28/sqft |
Source: Goedert Real Estate #20004300 Report a problem | ||
| 9/30/2011 | Listed for sale | $59,900$34/sqft |
Source: Goedert Real Estate #20004300 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,555 -19.7% | $51,489 +14.5% |
| 2024 | $3,180 +35.7% | $44,981 +8.1% |
| 2023 | $2,344 | $41,595 +7.2% |
| 2022 | -- | $38,801 +8.4% |
| 2021 | $1,848 | $35,798 -1% |
| 2020 | $1,848 +3.1% | $36,145 +17% |
| 2019 | $1,793 | $30,900 -16.4% |
| 2018 | -- | $36,940 +23.5% |
| 2017 | $854 | $29,923 -1.8% |
| 2016 | -- | $30,485 +4.8% |
| 2014 | -- | $29,100 -20.7% |
| 2012 | -- | $36,700 |
| 2011 | -- | $36,700 -6.9% |
| 2010 | -- | $39,400 -16.5% |
| 2009 | -- | $47,200 -2.3% |
| 2008 | -- | $48,300 -2% |
| 2006 | -- | $49,300 |
| 2005 | -- | $49,300 +10% |
| 2004 | $1,397 | $44,800 +17.6% |
| 2002 | -- | $38,100 +36.6% |
| 2001 | -- | $27,900 |
| 2000 | -- | $27,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 49221
Nearby schools
GreatSchools rating
- 4/10Michener Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 4/10Springbrook Middle SchoolGrades: 6-8Distance: 1.2 mi
- 4/10Adrian High SchoolGrades: 8-12Distance: 1.5 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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Michigan
- Lenawee County
- Adrian
- 49221
- 632 Division St
Nearby cities
Nearby zip codes
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