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Three Rivers 49093
132 River Drive
$19,900
● Land - Off Market

132 River Drive

Three Rivers, MI 49093
bedrooms
Studio
bathrooms
0 Bath
$127
Est. Monthly

About This Property

A LEVEL AND BUILDABLE LOT WITH APPROXIMATELY 115 FEET ON THE ST. JOSEPH RIVER. The vacant lot is located just minutes to downtown Three Rivers and the public school. Enjoy great views and the convenience of the location with entertainment, shopping and dining so close. Great opportunity to build your own waterfront home with all the advantages of city living.
Unit Size
-
Days on Market
-
Land Size
0.28 acres
Price per sqft
-
Property Type
Land
Property Taxes
$29
HOA Dues
-
Year Built
1900

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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: 2 years ago (MichRIC MLS #23143466)

Price History

Date / Event Date Event Price
Jul 1, 2025 No longer available -
No longer available
Nov 29, 2023 Listed by Cressy & Everett Real Estate $19,900
Listed by Cressy & Everett Real Estate
Jan 13, 2022 Sold
Premium
Sold
Jun 2, 2021 No longer available -
No longer available
Jun 2, 2021 Listed by Cressy & Everett Real Estate $12,900
Listed by Cressy & Everett Real Estate
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 612
  • Garage Type: 7
  • Garage Square Area: 320
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Lot Size Depth Feet: 930
  • Lot Size Frontage Feet: 1,300
  • Total Building Area: 1,224
  • Building Area: 1,224
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,224
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: CITY OF THREE RIVERS
  • Land Acres: 0000000280
  • Standard Land Use Code: 8001
  • County Land Use Code: 402
  • Legal Description 1: LOT 104 & W 1/2 LOT 105 CENTRAL ADD ALSO COM NWLY COR LOT 104 TH N 69 DEG 54' W 62 FT TH S 20D 06M W 38 FT M/L TO ST JOE RIVE

Neighborhood

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

Geography

  • District: 051
  • Parcel: 051-410-030-00
  • Lot: 104,105
  • Municipality: THREE RIVERS CITY
  • Latitude: 41.9413
  • Longitude: -85.6289

    Address

  • Full Address: 132 River Dr
  • Address - House Number: 132
  • Address - Street Name: River
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Three Rivers
  • Carrier Code: C004
  • 4-Digit Zip Code: 1654
  • Zip Code: 49093

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $19,128

    Market Valuation

  • Market Total Value: $9,800
  • Market Land Value: $9,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,900
  • Assessed Land Value: $4,900

    Sales

  • Current Sale Contract Date: Jan 07, 2022
  • Current Sale Recording Date: Jan 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 443
  • Previous Sale Recording Date: Aug 31, 2020
  • Previous Sale Contract Date: Aug 07, 2020
  • Previous Sale Amount: $1,500
  • 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

0.02%

Average Days on Market

65

Average Home Size

1941 ft²

Average Home Age

62.4 years

Currently For Sale

28 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: Dennis Bamber, Cressy & Everett Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 23143466
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 132 River Drive built and last sold?
The property at 132 River Drive was built in 1900 and last sold on Jan 7, 2022 for $9,000.
How much is this home worth?
The estimated value of the home located at 132 River Drive is $0.
What are some comparable homes to 132 River Drive?
There are currently no comparable homes to 132 River Drive.
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