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Manchester 48158
415 Riverside Drive
$235,000
● House - Off Market

415 Riverside Drive

Manchester, MI 48158
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,172 Ft²
$1,481
Est. Monthly
8.80%
Cap Rate

About This Property

Charming brick two-story in the Village of Manchester with a beautiful view of the River Raisin, just blocks from downtown shops, dining, and parks. This inviting home offers classic curb appeal, a welcoming front porch perfect for morning coffee, and a rear deck ideal for evening relaxation. Inside, the home is move-in ready and features main-level laundry with additional hookups available in the lower level if desired. The property includes a spacious 1.5-car garage, paved driveway, and a large backyard for outdoor activities. Recent updates include a roof that is only 3 years old, and hot water tank replaced in 2025. ***All carpet has been replace in home.***
Unit Size
1,172 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$201
Property Type
House
Property Taxes
$327
HOA Dues
-
Year Built
1910

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 10 months ago (MichRIC MLS #25043453)

Price History

Date / Event Date Event Price
Feb 1, 2026 No longer available -
No longer available
Oct 8, 2025 Withdrawn -
Withdrawn
Aug 26, 2025 Listed by @properties Christie's Int'lAA $235,000
Listed by @properties Christie's Int'lAA
Mar 13, 2023 Sold
Premium
Sold
Nov 23, 2022 Listed by @properties Christie's Int'lAA $190,000
Listed by @properties Christie's Int'lAA

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Bedroom Count: 3
  • 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 Cover: 0
  • Basement Type: 9
  • Basement Area: 566
  • Garage Type: 7
  • Garage Square Area: 432
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,229
  • Lot Size Depth Feet: 1,130
  • Lot Size Frontage Feet: 550
  • Total Building Area: 862
  • Building Area: 862
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 862
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORIGINAL OF MANCHESTER VILLAGE
  • Land Acres: 0000000143
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: OLD SID - PM 16-540-290-00 MA 2-263 COM AT NE COR OF LOT 4, TH S29 DEG E 99.10FT IN THE E LINE OF LOT 4 FOR A PL OF BEG, TH S

Neighborhood

  • School District Name: Manchester Community Schools
  • School Tax School District: MANCHESTER
  • Census Tract: 431000

Zoning

  • Zoning: R-1B SI

Geography

  • District: P
  • Parcel: PM-16-02-493-006
  • Block: 47
  • Lot: 4-6,8
  • Meridian: SEC 02 TWN 4S RNG 3E
  • Municipality: MANCHESTER VILLAGE
  • Latitude: 42.1474
  • Longitude: -84.033

    Address

  • Full Address: 415 Riverside Dr
  • Address - House Number: 415
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Manchester
  • Carrier Code: R003
  • 4-Digit Zip Code: 8523
  • Zip Code: 48158

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $105,486
  • Tax Rate Code Area: P -16

    Appraisal Valuation

  • Standard Deviation: 0.085
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 93
  • Final Value: 187,128
  • High Value: 203,049
  • Low Value: 171,206

    Market Valuation

  • Market Total Value: $165,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 13, 2023
  • Current Sale Recording Date: Mar 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6680488
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 Manchester

Stats & Trends

Median Asking:

$295,000

Sale Price/ft²

$176

Below Asking

0.04%

Average Days on Market

66

Average Home Size

7854 ft²

Average Home Age

85.3 years

Currently For Sale

8 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: Beau La Fleur, @properties Christie's Int'lAA
Last Updated: 10 months ago
Data Source: MichRIC, MLS# 25043453
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 415 Riverside Drive built and last sold?
The property at 415 Riverside Drive was built in 1910 and last sold on Mar 13, 2023 for $190,000.
How much is this home worth?
The estimated value of the home located at 415 Riverside Drive is $232,021.
What are some comparable homes to 415 Riverside Drive?
There are currently no comparable homes to 415 Riverside Drive.
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