Three-Unit Residential Income
632 Division Street Adrian, MI 49221
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 Market190
Property Features for 632 Division Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Rooms
Bedroom 2, Bedroom 4, Basement, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 2, Bathroom 1
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
Changed: Jul 28
Last Checked: Jul 29 at 3:06AM
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
Frequently Asked Questions
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
