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Three Rivers 49093
331 Portage Avenue
$262,500
● House - Off Market

331 Portage Avenue

Three Rivers, MI 49093
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,762 Ft²
$1,607
Est. Monthly
8.83%
Cap Rate

About This Property

Check out this 1910 historic charm home with exquisite architectural appeal. Original hardwood floors and woodworking throughout. New roof installed November 2023. New reverse osmosis system in kitchen, and smart thermostat. Spacious main level with plenty of character for entertaining. Upstairs offers four large bedrooms, office and two full baths. The walk-up attic features large work area and lots of storage space.
Unit Size
2,762 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$95
Property Type
House
Property Taxes
$318
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 #23140582)

Price History

Date / Event Date Event Price
Mar 8, 2024 Sold
Premium
Sold
Nov 1, 2023 Listed by Berkshire Hathaway HomeServices Michigan Real Estate $262,500
Listed by Berkshire Hathaway HomeServices Michigan Real Estate
May 5, 2023 Sold
Premium
Sold
Mar 16, 2023 Listed by Berkshire Hathaway HomeServices Michigan Real Estate $269,900
Listed by Berkshire Hathaway HomeServices Michigan Real Estate
Sep 8, 2020 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,784
  • Garage Type: 7
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,087
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 3,388
  • Building Area: 3,388
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,388
  • 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: 0000000530
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 2 & SWLY 15 FT OF LOT3 BLK 51. BOWMAN'S ADD. CITY OF THREE RIVERS.

Neighborhood

  • School District Name: Three Rivers Community Schools
  • School Tax School District: THREE RIVERS
  • Census Tract: 040100

Zoning

  • Zoning: R

Geography

  • District: 051
  • Parcel: 051-112-012-00
  • Block: 51
  • Lot: 2,3
  • Municipality: THREE RIVERS CITY
  • Latitude: 41.9498
  • Longitude: -85.6311

    Address

  • Full Address: 331 Portage Ave
  • Address - House Number: 331
  • Address - Street Name: Portage
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Three Rivers
  • Carrier Code: C001
  • 4-Digit Zip Code: 1461
  • Zip Code: 49093

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $263,808

    Appraisal Valuation

  • Standard Deviation: 0.1107
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 88
  • Final Value: 256,439
  • High Value: 284,839
  • Low Value: 228,040

    Market Valuation

  • Market Total Value: $184,000
  • Market Land Value: $10,400
  • Market Improvement Value: $173,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $92,000
  • Assessed Land Value: $5,200
  • Assessed Improvements Value: $86,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 01, 2024
  • Current Sale Recording Date: Mar 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1506
  • Previous Sale Recording Date: May 05, 2023
  • Previous Sale Contract Date: May 04, 2023
  • Previous Sale Amount: $257,000
  • Previous Sale Document Type: 71
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

Rentals Near You

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MichRIC

Listed by: Jesse Oman, Berkshire Hathaway HomeServices Michigan Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 23140582
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 331 Portage Avenue built and last sold?
The property at 331 Portage Avenue was built in 1900 and last sold on Mar 1, 2024 for $262,500.
How much is this home worth?
The estimated value of the home located at 331 Portage Avenue is $0.
What are some comparable homes to 331 Portage Avenue?
There are currently no comparable homes to 331 Portage Avenue.
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