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    Three-Unit Residential Income Property Title is generated by Realmo AI

    632 Division Street, Adrian, MI 49221

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    Claim this Listing
    For Sale
    Under Contract
    $139,900

    MULTI_FAMILY - Other - Adrian, MI

    Property size:
    1,780 SF
    Lot size:
    0.27 Acres
    Price / SF:
    $78/SF
    Added:
    Jan 20, 2026
    Days on Market:
    142
    Last Refresh:
    Jun 11 at 12:06 am

    Property Features for 632 Division Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Basement, Bedroom 2
    Parking features
    Assigned
    Patio and Porch features
    Patio, Porch
    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

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    Listing Contact
    Adam Keller

    Listing agent Adam Keller License #lcar

    Listing office Foundation Realty, LLC 3282 N Adrian Hwy, Adrian, MI

    Listing date Jan 20, 2026

    MLS# 50197905 Listing URL

    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.

    HighLights

    • 3‑unit multi‑family property with 4 bedrooms and 3 bathrooms
    • Gross rental income listed at $2,250 per month
    • Tenants pay their own electric bills
    • Fenced yard with patio and porch, plus sidewalks and street lights nearby
    • Forced‑air heating; furnace noted as 1 year old
    • Public water and assigned parking; includes range/oven and refrigerator

    Overview

    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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Adrian
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.034194
    Latitude
    41.890826

    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 4 bedrooms and 3 bathrooms; Gross rental income listed at $2,250 per month; Tenants pay their own electric bills
    More about this property
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