Richmond MI Real Estate &

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Beds:
n/a
Baths:
6.00
Sq.Ft.:
4,662
Status:
Active
MLS#:
50194315
Type:
Multi-Family
Subdivision:
4015 MAIN ST RES, 31/33 MILE RES
Lot size:
0.34 Acres
Year built:
1910
Courtesy: KW Platinum 586-949-0200
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ADDITIONAL INFORMATION

Incredible investment opportunity with this fully occupied five-unit multi-family property located just minutes from Downtown Richmond. This property is ideal for both seasoned and new investors. It features two separate buildings. The main house is a triplex that includes a one-bedroom, one-bath unit of approximately 600 square feet, a two-bedroom, one-bath unit of approximately 850 square feet, and a two-bedroom, two-bath unit of approximately 1,100 square feet with a finished basement and carport. Each unit has been well maintained with updates such as newer furnaces, hot water tanks, AC wall units, flooring, and kitchen and bath remodels. The rear duplex was fully converted in 2021 from a storage structure into two modern apartments. The renovation included all-new utilities for gas, water, sewer, and electric, along with new interiors, fixtures, flooring, and a fire suppression system. One unit offers three bedrooms and one bath, and the other includes two bedrooms, one bath, and a small office. All units are separately metered for gas, electric, and water, which helps maintain low operating expenses. Tenants are currently on month-to-month leases, offering flexibility for the next owner. With its recent updates, efficient utilities, and strong rental performance, this property is a turnkey, income-producing investment in a prime Richmond location. Showings will be accommodated with an accepted offer.

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Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.



Richmond Real Estate

Richmond is located in Michigan. Richmond, Michigan has a population of 5,871. Richmond is more family-centric than the surrounding county with 28.88% of the households containing married families with children. The county average for households married with children is 28.44%.

The median household income in Richmond, Michigan is $58,684. The median household income for the surrounding county is $67,828 compared to the national median of $69,021. The median age of people living in Richmond is 38.7 years.

Richmond Weather

The average high temperature in July is 81.8 degrees, with an average low temperature in January of 15.2 degrees. The average rainfall is approximately 34 inches per year, with 36.1 inches of snow per year.

Richmond Map

Richmond Real Estate Market Conditions

  • Median sales price

    $355,000
    10.8%
    change since last quarter
  • # Active listings

    32
    30-day change

Richmond Schools and Demographics

Education near Richmond, MI

City County
High School Graduates 86.46 90.39
College Degree - 2 year 10.66 10.81
College Degree - 4 year 18.4 26.15
Graduate Degree 4.83 7.18
Expenditures per Student 13,444 13,444
Students per Teacher 17.6 17.6

Elementary Schools near Richmond, MI

Grades Students P/T Ratio ZIP
Memphis Elementary School PK - 05 397 14.4 48041
New Haven Administration PK - PK 0 48048
New Haven Elementary School KG - 05 579 19.9 48048
Orville C. Krause Early Elementary School PK - 02 333 17.9 48005
Orville C. Krause Later Elementary School 03 - 05 402 22.7 48005
Will L. Lee School PK - 04 472 19.1 48062

Middle Schools near Richmond, MI

Grades Students P/T Ratio ZIP
Armada Middle School 06 - 08 454 21 48005
Endeavour Middle School 06 - 08 259 17.4 48096
Memphis Community Schools Virtual Academy KG - 12 0 48041
Richmond Middle School 05 - 08 454 20.4 48062

High Schools near Richmond, MI

Grades Students P/T Ratio ZIP
Armada High School 09 - 12 699 24.4 48005
Memphis Junior/Senior High School 06 - 12 521 22.1 48041
New Haven High School 09 - 12 365 21.2 48048

Ungraded Schools near Richmond, MI

Grades Students P/T Ratio ZIP
* Armada Continuing Education Center 09 - 12 22 20 48005
* Lake Huron Virtual & Hybrid High School 09 - 12 20 22.2 48048
Merritt Academy PK - 12 543 14.4 48048

Demographics near Richmond, MI

City County
Neighborhood Type Small town
Population 5,871 879,123
Population Density 2,033 1,834
Median Age 38.7 40.9
People per Household 2.5 2.5
Median Household Income 58,684 67,828
Average Income per Capita 28,836 34,880

Real estate near Richmond