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Patricia Rader
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323 Wright Avenue W, Shepherd, MI 48883

$489,000
  • 323 Wright Avenue W, Shepherd, MI 48883 Main Photo

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New to the Market New
BEDS0 BATHS MLS#1944433
STATUSNew PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMI SCHOOLShepherd Public School District

Property Description

Rare Historic Multi-Family Opportunity in a prime Main Street location! Built by the original founder of Shepherd, this unique historic property offers exceptional income potential in the heart of Central Michigan. With over 5,000 finished sq ft, the building was previously configured as four separate apartment units, making it ideal for investors looking to restore a traditional 4-unit rental with two upper and two lower units, or explore flexible options such as short term rentals or an owner-occupied income property. The spacious layout includes a full basement, offering additional storage or future expansion possibilities. Situated on a generous lot, the property features an open side yard and a large parking area to accommodate tenants and guests. Located adjacent to a family-friendly park, directly across from popular restaurants and thriving local businesses, and less than 10 minutes from Central Michigan University, Soaring Eagle Casino & Resort, and Alma College, this property offers both convenience and strong rental appeal. Whether you're looking to expand your portfolio or create a one-of-a-kind income-producing property, the possibilities here are truly endless.

323 Wright Avenue W | MLS# 1944433

This multi-family property located at 323 Wright Avenue W, Shepherd, MI 48883 is currently listed for sale with an asking price of $489,000. Wright Avenue W is located within the Shepherd Public School District school district. Search Shepherd real estate on www.callrader.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full, Daylight Windows, Finished Rooms, Entrance Outside, Stone
Home Style: 2+ Stories, Colonial, 2+ Stories, Colonial
Lot Size: 0.68 Acres
Roof Type: Metal
Year Built: 1850

Feature Descriptions

Appliance(s)/Equipment: Refrigerator, Washer, Dryer
Construction: Frame
Exterior: Sidewalk, Landscaped, Covered Porch, Gutters
Heating/Cooling: Forced Air, Central Air, Window Air Conditioner
Heating/Cooling Source: Natural Gas
Interior: Hardwood Floors, Laundry Hook-up, Storage Space
Lot Dimensions: 152X182
Outbuilding(s): Garden/Storage Shed
Outbuilding(s): Yes
Road: Public Maintained, Blacktop
Sewer: Municipal
Water: Municipal
Waterfront Type: No
Year Remodeled: 2021

Local Schools

School District: Shepherd Public School District

Listed By / Shown By

Listed By

Agency Name: EXP REALTY LLC
Agency Phone: 888-501-7085

Shown By

Agent Name: Patricia Rader
Agent Phone: (419) 967-0018
Agency Title: Key Realty

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Estimated Payment

$ 2,877.95 per month $2,735.33 Principal & Interest $0.00 Property Tax (data not provided by mls) $142.63 Homeowner's Insurance

Change Payment Information

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/30/2026. The listing information on this page last changed on 04/30/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 04/30/2026 2:17:51 AM EST) or MichRic (Michigan Regional Information Center) (last updated Wed 04/29/2026 11:17:42 PM EST) or Metrolist - RECOLORADO by MLSGRID (last updated Wed 04/29/2026 11:34:30 PM EST) or NIRA MLS (last updated Wed 04/29/2026 11:04:54 PM EST) or RealComp MLS (last updated Thu 04/30/2026 12:46:18 AM EST) or Dayton MLS (last updated Wed 04/29/2026 11:46:44 PM EST) or NORIS MLS (last updated Wed 04/29/2026 11:14:24 PM EST) or IRES MLS (last updated Thu 04/30/2026 12:17:11 AM EST) or Colorado Real Estate Network IDX (last updated Wed 04/29/2026 7:06:12 PM EST) or CBRMLS (last updated Thu 04/30/2026 12:44:52 AM EST) or Multiple Listing Service of Greater Cincinnati (last updated Wed 04/29/2026 11:53:31 PM EST) or Terrehaute MLS (last updated Thu 04/30/2026 2:16:16 AM EST) or elevate MLS (last updated Thu 04/30/2026 12:45:23 AM EST) or Stellar MLS (last updated Thu 04/30/2026 1:59:02 AM EST) or NKY MLS (last updated Wed 04/29/2026 11:28:27 PM EST) or Wrist MLS (last updated Wed 04/29/2026 11:24:23 PM EST) or Firelands MLS (last updated Wed 04/29/2026 11:11:23 PM EST) or LCAR MLS (last updated Wed 04/29/2026 10:50:56 AM EST) or West Central MLS (last updated Wed 04/29/2026 9:50:56 PM EST) or Fort Myers (last updated Wed 04/29/2026 11:05:33 PM EST) or Aspen/Glenwood Springs MLS (last updated Wed 04/29/2026 9:31:07 PM EST) or Northern Nevada Regional MLS (last updated Thu 04/30/2026 1:16:46 AM EST) or MLS NOW (last updated Thu 04/30/2026 12:17:31 AM EST) or Northern Great Lakes Association of Realtors (last updated Thu 04/30/2026 12:19:15 AM EST) or Mansfield MLS (last updated Wed 04/29/2026 11:47:17 PM EST) or Metropolitan Indianapolis Board of Realtors (last updated Thu 04/30/2026 1:06:23 AM EST) or Grand Junction MLS (last updated Wed 04/29/2026 11:37:13 PM EST) or Knox County MLS (last updated Wed 04/29/2026 11:08:16 PM EST) or IRMLS (last updated Wed 04/29/2026 11:12:30 PM EST) or Pueblo MLS (last updated Thu 04/30/2026 12:43:57 AM EST) or Upper Peninsula MLS (last updated Wed 04/29/2026 11:10:16 PM EST) or Greater Lansing MLS (last updated Wed 04/29/2026 10:35:31 PM EST) or SEBAR MLS (last updated Wed 04/29/2026 11:39:21 PM EST) or Water Wonderland MLS (last updated Wed 04/29/2026 10:52:43 PM EST) or Eastern Upper Peninsula MLS (last updated Wed 04/29/2026 11:59:13 PM EST) or Scioto Valley MLS (last updated Wed 04/29/2026 10:02:35 PM EST) or Northern Michigan MLS (last updated Wed 04/29/2026 9:33:49 PM EST). Real estate listings held by brokerage firms other than Key Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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