Contingent

632 Division Street

Adrian, Michigan 49221

$139,900 $589/Mo

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Overview

Bed

Bath

1,780

Sqft

0.27

Acre(Lot)

Description

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.

Property Details

Property Type : Multifamily

Price : $139,900

AD Id : 74370276

MLS Id : 56050197905

Lot Size : 0.27 Acre

Living Area Size : 1,780

Year Built : 1900

Garage : Assigned,Unassigned

County : Lenawee

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 3 Full Baths: 3
Room Information

Porches: Patio,Porch

Interior Features

Other
Heating & Cooling

Heating: Forced Air Heating Fuel: Natural Gas

Building Information

Year Built: 1900 Building Stories: 2 Story Total Units: 3 Foundation/Basement: Basement,Michigan Basement Architecture: Farmhouse
Exterior Features

Fenced Construction: Aluminum
Utility Features

Sewer: Sewer (Sewer-Sanitary)
Water

Public (Municipal)

Lot Information

Lot Size: 0.27 Lot Dimensions: 181x72
Property Information

SQ ft: 1780 Subdivision: none Financing: Cash,Conventional,FHA

Listing Price Information

Original List Price: $139,900
Listing Information

Possession: Close Plus 30 Days Legal Description: Lot 18 BLK 12 L G & A S BERRYS CONTINUATION OF SOUTHERN ADDITION

Tax Information

Annual Tax: $3,824 Parcel Number: XA0422302400
Possession

Close Plus 30 Days
Legal Information

Legal Description: Section: Lot 18 BLK 12 L G & A S BERRYS CONTINUATION OF SOUTHERN ADDITION

School Information

School District: Adrian
Utility Information

Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
2550 Bent Oak Avenue , Adrian, MI, 49221	$949,900	--	5.5	5,788	5,788 SqFt
2978 Lee Marie Drive , Adrian, MI, 49221	$264,900	--	3	2,160	2,160 SqFt

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2550 Bent Oak Avenue ,
Adrian, MI, 49221

Bath

Sqft

Acres(Lot)

632 Division Street ,
Adrian, MI, 49221

Bath

Sqft

Acre(Lot)

2978 Lee Marie Drive ,
Adrian, MI, 49221

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2,160

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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 06/09/2026 @ 15:30

MLS: 56050197905 LISTED BY: Adam Keller , Foundation Realty, LLC 517-266-8888 SOURCE: Realcomp II Ltd