Historic Quadplex with Covered
For Sale
$489,000
323 W Wright Avenue, Shepherd, MI 48883
MULTI_FAMILY - Shepherd, MI
Property Size5,000 SF
Lot Size0.68 Acres
Price / SF$97.80
Days on Market115
Property Features for 323 W Wright Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 3
Patio and Porch features
Porch
Interior features
Hardwood Floors, Laundry Hook-up, Storage Space
Exterior features
Sidewalk, Landscaped, Covered Porch, Gutters
Appliances
Refrigerator, Washer, Dryer
Elementary school district
Shepherd Public School District
Middle school district
Shepherd Public School District
High school district
Shepherd Public School District
Directions
On main street in Shepherd, W. Wright Ave. Directly across from the Shepherd Bar & Restaurant, property is on the South side of the street.
Subdivision
Isabella
Standard status
Active
Size
5,000 SF
Lot size
0.68 Acres
Taxes and HOA fees
Tax Description
COM 112 FT W OF NE COR LOT 7 BLK 3 VIL OF SHEPHERD TH S 100 FT TH E 22 FT TH S 30 FT TH W 10 FT TH S 17 FT TH W 89 FT TH S 35.25 FT TH W 75 FT TH N 182.25 FT TH E 152 FT TO POB
Legal Description
COM 112 FT W OF NE COR LOT 7 BLK 3 VIL OF SHEPHERD TH S 100 FT TH E 22 FT TH S 30 FT TH W 10 FT TH S 17 FT TH W 89 FT TH S 35.25 FT TH W 75 FT TH N 182.25 FT TH E 152 FT TO POB
Building Details
Year built
1850
Floors in Building
2
Number of units
4
Building materials
Frame
Roof type
Metal
Architectural style
Other, Colonial
Additional Structures
Storage
Listing Agency:
EXP REALTY LLC
(888) 501-7085
Listed By:
Dave Feger · License #6501398110
(989) 965-3075
Added: Apr 29
Changed: Aug 3
Last Checked: Aug 21 at 12:06PM
MLS# 1944433
Copyright © 2026 Northern Great Lakes Realtors MLS. 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.
Historic quadplex in Shepherd, built in 1850 with a colonial architectural style. The property is a frame building with a metal roof and includes a full basement, plus interior features such as hardwood floors, laundry hook-up, and storage space. The home has four separate apartment units previously configured as two upper and two lower units, offering flexibility for a traditional 4-unit rental setup.
Outside features include an open side yard, covered porch, landscaped grounds, sidewalk access, and gutters. A large parking area is available to support tenant and guest parking. The property is located adjacent to a family-friendly park and directly across from popular restaurants and local businesses.
The location provides convenience to area destinations, with less than 10 minutes to Central Michigan University, Soaring Eagle Casino & Resort, and Alma College.
Outside features include an open side yard, covered porch, landscaped grounds, sidewalk access, and gutters. A large parking area is available to support tenant and guest parking. The property is located adjacent to a family-friendly park and directly across from popular restaurants and local businesses.
The location provides convenience to area destinations, with less than 10 minutes to Central Michigan University, Soaring Eagle Casino & Resort, and Alma College.
Key Highlights
- Built in 1850 historic colonial quadplex with frame construction and metal roof
- Previously configured as four separate apartment units, two upper and two lower
- Full basement plus interior features including hardwood floors, laundry hook‑up, and storage space
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 48883, MI
6,842
Population
2,912
Households
2.3
Avg Household Size
42
Median Age
22%
College-Educated
94%
High-School Grad
114.9 sq mi
ZIP Area
60
Density / Sq Mi
$66,364
Median Household Income
$37,830
Median Earnings
$841
Median Rent
$154,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Historic quadplex on a large lot with covered porch, full basement, and features including hardwood floors and laundry hookups.
Where is this quadplex located?
The property is located at 323 W Wright Avenue Shepherd, MI.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Built in 1850 historic colonial quadplex with frame construction and metal roof; Previously configured as four separate apartment units, two upper and two lower; Full basement plus interior features including hardwood floors, laundry hook‑up, and storage space
