248 Richter Street
River Rouge, Michigan 48218
10
Bed
6
Bath
3,691Sqft
0.14Acre(Lot)
Rare opportunity to own a fully occupied 6-unit multifamily investment property in the heart of River Rouge, conveniently located near Belanger Park and the Detroit Riverfront. This unique ranch-style, single-story apartment building offers a highly desirable layout with no upper or lower units — a major advantage for both tenants and investors due to ease of maintenance, accessibility, and strong long-term rental appeal. The property features four spacious 2-bedroom units and two 1-bedroom units, each with its own private bathroom. All six units are occupied and generating approximately $55,200 annually in gross rental income with an estimated net operating income of approximately $43,000 per year. Tenants are responsible for their own gas and electric utilities, helping keep owner expen
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 6 Full Baths: 6 -
Heating & Cooling
Heating: Forced Air Heating Fuel: Natural Gas
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Building Information
Year Built: 1957 Building Stories: 1 Story Total Units: 6 Foundation/Basement: Slab Architecture: Ranch -
Exterior Features
Lighting Construction: Brick -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal)
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Lot Information
Lot Size: 0.14 Lot Dimensions: 60X100 -
Property Information
SQ ft: 3691 Subdivision: Hoods Sub Financing: Cash,Conventional
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Listing Price Information
Original List Price: $319,900 -
Listing Information
Possession: At Close Legal Description: 496A48 49 50A LOTS 48 49 AND NLY 24 FT OF LOT 50 HOODS SUB PC 496 L16 P3 WCR
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Tax Information
Annual Tax: $5,089 Parcel Number: 50005060048000Possession
At CloseLegal Information
Legal Description: Section: 496A48 49 50A LOTS 48 49 AND NLY 24 FT OF LOT 50 HOODS SUB PC 496 L16 P3 WCR
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Unit 1 Information
# of Bedrooms: 2 -
Unit 2 Information
# of Bedrooms: 4
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School Information
School District: River Rouge -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 216 Goodell Street , River Rouge, MI, 48218 | $155,000 | 4 | -- | -- | |
| 136 Batavia Street , River Rouge, MI, 48218 | $425,000 | 4 | -- | -- | |
| 338 Richter Street , River Rouge, MI, 48218 | $150,000 | 4 | 2 | 1,728 | 1,728 SqFt |
| 162 Burke Street , River Rouge, MI, 48218 | $399,900 | 7 | 6 | 2,692 | 2,692 SqFt |
| 426 Genessee Street , River Rouge, MI, 48218 | $195,000 | 6 | 5.5 | 2,568 | 2,568 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 06/18/2026 @ 10:52
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