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    Richmond, MI
    Residential Income

    Richmond, MI Residential Income Properties for Sale

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    Downtown Mixed-Use Building with Apartments
    Updated: Jul 26
    Downtown Mixed-Use Building with Apartments

    69206 N Main St, Richmond, MI 48062

    $649,900
    4,860 sqft
    4,860‑square‑foot mixed‑use building constructed in 1920
    Medical sports recovery clinic operating from Suite 1‑A
    Five additional apartments with leases in place
    B‑2 Downtown zoning allows commercial uses on the first two floors
    Front and rear doors with sidelights and transoms updated in 2026
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    25-Unit Multifamily Apartment Building
    Updated: Jul 22
    25-Unit Multifamily Apartment Building

    36984 Division Rd, Richmond, MI 48062

    $2,490,000
    11,808 sqft
    Well‑maintained 25‑unit multifamily property built in 1982
    Currently 100% occupied with Net Operating Income (NOI) of $191,560
    Approximately 180 feet of road frontage on Division Road
    Easy access to M‑19 and surrounding communities
    Spacious units and ample parking plus a large lot
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    One-Bedroom Multifamily Unit
    One-Bedroom Multifamily Unit

    36980 Division Road, Richmond, MI 48062

    Contact for pricing
    700 sqft

    Section 8-available residence with water, lawn care, and snow removal included.

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    See what stands out in Macomb County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Richmond, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Residential Income Property with Basement
    Residential Income Property with Basement

    52843 Sable Drive, Macomb, MI 48042

    $349,900
    1,667 sqft 28.87 AC lot

    End-unit condo with a split-level layout, private patio, fireplace, and finished living spaces across two levels.

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    Commercial Land with Road Frontage
    Commercial Land with Road Frontage

    New Baltimore, MI 48047

    $875,000
    7.00 AC lot

    Mixed-use zoned 7-acre parcel with approximately 259 feet of direct road frontage and a month-to-month tenant in place.

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    New 2-Unit Duplex Building
    New 2-Unit Duplex Building

    New Baltimore, MI 48047

    $838,800
    4,023 sqft

    Newly built duplex configuration with two separate residential units and model options available for review.

    View details
    Commercial Land with Rental Homes
    Commercial Land with Rental Homes

    50675-50811 Romeo Plank Road, Macomb, MI 48044

    $1,950,000
    7.90 AC lot

    Commercially zoned land includes two existing rental homes and benefits from planned roadway expansion nearby.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Site in Richmond
    Prime Development Site in Richmond

    10000 Gratiot Avenue, Richmond, MI 48063

    $149,999
    4.00 AC lot

    Four-acre development site with dual road frontage near downtown.

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    Agricultural Land with Cleared Area
    Agricultural Land with Cleared Area

    Lindsey Road, Casco, MI 48064

    $145,000
    12.33 AC lot

    Zoned residential and agricultural, with about three acres cleared and the remainder wooded for privacy and hunting.

    View details
    Waterfront Land Parcel
    Waterfront Land Parcel

    Bauman Road, Columbus, MI 48063

    $295,000
    12.18 AC lot

    Waterfront building site on a private lake in Columbus, zoned for residential and multi-family development.

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    Cleared 5-Acre Buildable Land
    Cleared 5-Acre Buildable Land

    Vac-corner Springborn, Casco, MI 48064

    $69,000
    5.01 AC lot

    5-acre vacant land parcel ready for construction in Casco, MI.

    View details

    Richmond, MI Residential Income Properties Market Trends and Statistics

    Explore 3 residential income properties for sale in Richmond, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 17,368 square feet of properties for sale, with an estimated market value of $3,139,900.

    Sale prices for residential income properties in Richmond, MI start at $649,900, averaging $1,569,950, and reaching up to $2,490,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 3
    Apartment buildings 2

    Demographics Overview

    Population 9,273
    Population Growth (5Y) -3.4%
    Median Household Income $75,763
    College Educated 35.8%

    High-Yield Neighborhoods for Investment

    Identify Richmond submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48062 $1M

    Taxes & Financing

    Tax Rate (average for all types) 4.76%
    Property Tax per SF $84.02 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Macomb County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Macomb County

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