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    194 Richter St River Rouge, MI 48218

    For Sale
    $198,900

    MULTI_FAMILY - River Rouge, MI

    Lot size:
    0.14 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 6 at 9:06 pm

    Property Features for 194 Richter St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 4, Bedroom 1, Bedroom 2, Basement, Bathroom 4, Bedroom 6, Bathroom 1, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 5, Bedroom 8, Bedroom 3
    Bedrooms
    8
    APN
    50-005-06-0022-000
    Parking
    4
    Basement
    Partial
    Lot size
    0.14 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air

    Building Details

    Year built
    1916
    Number of units
    4
    Building materials
    Brick, Vinyl Siding

    Cornerstone Real Estate (734) 316-5886

    Listing agent Jeremy Rhodes (734) 652-3778

    Listing date Nov 12, 2025

    MLS# 25045314 Listing URL

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    River Rouge Quadplex Investment

    Located in River Rouge, this property at 194 Richter is an 8-bedroom, 4-bathroom quadplex currently operating as a rental. The property features four spacious units, each crafted for comfortable living, ensuring steady rental income. The property includes 192 Richter. The property is currently rented at $3,200 per month. Situated on a lot of 0.14 acres, this well-maintained property offers strong cash flow potential. It is suitable for investors or those seeking a hassle-free income property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    River Rouge
    County
    Wayne
    State
    Michigan
    Longitude
    -83.126827
    Latitude
    42.270798

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    FAQs

    What type of property is this?
    Quadplex - 8-bedroom, 4-bathroom quadplex in River Rouge, currently operating as rental.
    Where is this quadplex located?
    The property is located at 194 Richter St River Rouge, MI.
    What is the asking price?
    The asking price for this property is $198,900.
    What are key features of this property?
    This property features: - Income-producing quadplex with strong cash flow potential.; - Eight bedrooms and four bathrooms across four spacious units.; - Currently rented at $3,200 per month.
    (734) 652-3778
    Request Owner's contact information
    194 Richter St River Rouge, MI 48218
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    194 Richter St River Rouge, MI 48218
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