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Three Rivers 49093
124 Middle Street
$27,500
● House - Off Market

124 Middle Street

Three Rivers, MI 49093
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,200 Ft²
$299
Est. Monthly
46.23%
Cap Rate

About This Property

124 Middle St Three Rivers MI 49093 3 bedroom 1 bath home for sale with detached 1 car garage. Roof on house has  recently been replaced, now  ready for rehab. Excellent candidate for low down payment FHA 203k rehab for the next owner occupant or an investor looking for a flip. Richard Stewart Real Broker Llc www.RichardStewart.com
Unit Size
1,200 Ft²
Days on Market
145 days
Land Size
0.12 acres
Price per sqft
$25
Property Type
House
Property Taxes
$152
HOA Dues
-
Year Built
1855

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 11 months ago (MichRIC MLS #25041770)

Price History

Date / Event Date Event Price
Jan 9, 2026 Sold
Premium
Sold
Dec 4, 2025 In contract -
In contract
Oct 28, 2025 Price Decreased $29,900
↓ $5K (14.6%)
Price Decreased
Aug 16, 2025 Listed by Real Broker, LLC $35,000
Listed by Real Broker, LLC
Oct 15, 2021 Sold
Premium
Sold
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1855
  • Effective Year Built: 1855
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 320
  • Garage Type: 7
  • Garage Square Area: 224
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 800
  • Building Area: 800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 800
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CITY OF THREE RIVERS
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 43 CENTRAL ADD. CITY OF THREE RIVERS.

Neighborhood

  • School District Name: Three Rivers Community Schools
  • School Tax School District: THREE RIVERS
  • Census Tract: 040400

Zoning

  • Zoning: R

Geography

  • District: 051
  • Parcel: 051-410-024-00
  • Lot: 43
  • Municipality: THREE RIVERS CITY
  • Latitude: 41.9419
  • Longitude: -85.6276

    Address

  • Full Address: 124 Middle St
  • Address - House Number: 124
  • Address - Street Name: Middle
  • Address - Suffix Type: St
  • State: MI
  • City Name: Three Rivers
  • Carrier Code: C004
  • 4-Digit Zip Code: 1646
  • Zip Code: 49093

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $54,723
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.108
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 89
  • Final Value: 28,956
  • High Value: 32,086
  • Low Value: 25,826

    Market Valuation

  • Market Total Value: $38,400
  • Market Land Value: $3,800
  • Market Improvement Value: $34,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,200
  • Assessed Land Value: $1,900
  • Assessed Improvements Value: $17,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 30, 1998
  • Current Sale Recording Date: Oct 30, 1998
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 01, 1901
  • Previous Sale Contract Date: Jan 01, 1901
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Three Rivers

Stats & Trends

Median Asking:

$184,900

Sale Price/ft²

$134

Below Asking

0.03%

Average Days on Market

65

Average Home Size

1969 ft²

Average Home Age

61.7 years

Currently For Sale

29 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 700 N Douglas Avenue, Three Rivers, MI, 49093

$1,006 /mo

  • 1 Bed
  • 1 Bath
700 N Douglas Avenue, Three Rivers, MI, 49093 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Richard Stewart, Real Broker, LLC
Last Updated: 11 months ago
Data Source: MichRIC, MLS# 25041770
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 124 Middle Street built and last sold?
The property at 124 Middle Street was built in 1855 and last sold on Oct 30, 1998 for $0.
How much is this home worth?
The estimated value of the home located at 124 Middle Street is $0.
What are some comparable homes to 124 Middle Street?
There are currently no comparable homes to 124 Middle Street.
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