Three-Unit Residential Income
632 Division Street Adrian, MI 49221
632 Division Street, Adrian, MI, 49221
$139,900
For Sale
Under Contract
$139,900
MULTI_FAMILY - Other - Adrian, MI
Property Size1,780 SF
Lot Size0.27 Acres
Price / SF$78.60
Days on Market183
Property Features for 632 Division Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 1, Basement, Bedroom 3
- Parking features
- Assigned
- Patio and Porch features
- Porch, Patio
- Interior features
- Sump Pump, Window Treatment(s)
- Exterior features
- Fenced Yard, Patio, Porch, Sidewalks, Storms/Screens, Street Lights
- Fencing
- Fenced
- Appliances
- Range/Oven, Refrigerator
- Standard status
- Active Under Contract
- APN
- XA0-422-3024-00
- Size
- 1,780 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3824
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 3
- Architectural style
- Other
- Additional Structures
- Workshop
Listing agency
Foundation Realty, LLC
(517) 266-8888
Listed by
Adam Keller · License #lcar
(419) 343-0249
Added: Jan 20 Updated: Jul 14 at 8:36AM Checked: Jul 22 at 4:06AM
MLS# 50197905
Copyright © 2026 Lenawee 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.
Investment Insights
Based on property information with market context.
This three-unit residential income property offers an established rental configuration with tenants paying their own electric bills. The total building size is 1,780 square feet, situated on a 0.27-acre lot. A furnace reportedly installed about a year ago is a notable recent improvement.
The property is located at 632 Division Street in Adrian, Michigan (49221) in Lenawee County. It is being offered for sale as a multi-family investment opportunity.
For buyers looking for a small multi-family asset, the combination of three units and tenant-paid electric can help simplify monthly operating expenses. The relatively recent furnace is an added consideration for ongoing maintenance planning, while the property’s existing rental income profile provides a starting point for evaluating fit and underwriting.
The property is located at 632 Division Street in Adrian, Michigan (49221) in Lenawee County. It is being offered for sale as a multi-family investment opportunity.
For buyers looking for a small multi-family asset, the combination of three units and tenant-paid electric can help simplify monthly operating expenses. The relatively recent furnace is an added consideration for ongoing maintenance planning, while the property’s existing rental income profile provides a starting point for evaluating fit and underwriting.
Key Highlights
- 3‑unit multi‑family property with gross rental income of $2,250 per month
- Tenants pay their own electric bills
- Forced air heating; furnace reportedly 1 year old
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit property in Adrian with tenants responsible for electric and a furnace installed about a year ago.
Where is this triplex located?
The property is located at 632 Division Street Adrian, MI.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 3‑unit multi‑family property with gross rental income of $2,250 per month; Tenants pay their own electric bills; Forced air heating; furnace reportedly 1 year old
