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3D

503 N Riverview Drive, 
Parchment, MI 49004

$1,700,000

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Active

Listed by

Adam Atwood

, 

Amanda M Atwood

Five Star Real Estate

269-377-4589

Last updated:

January 4, 2026, 04:43 PM

MLS#

25039540

Source:

MI GRAR

About This Home

503 N Riverview Drive

Exceptional 24-unit apartment complex featuring 23 spacious 1-bedroom units and 1 2-bedroom unit across four solid brick, 3-story buildings (6 units per building). Located in a prime rental market with excellent occupancy history and long-term tenant stability. Property includes 25 total parking spaces (carport and lot parking) and two well-maintained coin laundry rooms for added convenience and revenue. Total monthly revenue is currently near $20,000. Many units have been tastefully updated, and there's strong potential for value-add by converting up to 19 units into 2-bedrooms. Tenants pay electric and cooking gas, while owner covers heat, water/sewer, trash, and lawn/plow services. Low vacancy, strong returns, and clear upside make this a rare multifamily opportunity.

Home Facts

Multi-Family

Built in 1950

Price Summary

1,700,000

MLS #:

25039540

Last Updated:

January 4, 2026, 04:43 PM

Added:

5 month(s) ago

Structure

Structure

Year Built:

1950

Lot

Lot Size (Sq. Ft):

32,539

Finances & Disclosures

Finances

Price:

$1,700,000

Source:MI GRAR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.