323 W Wright Ave
Shepherd, MI 48883
7 Beds
4 Baths
5,000 sqft (on 0.68 acres)
7 Beds
4 Baths
5,000 sqft
(on 0.68 acres)
Local Information
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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.
Home Highlights
Parking
None
Outdoor
Yes
A/C
Heating & Cooling
HOA
None
Price/Sqft
$98
Listed
7 days ago
Home Details for 323 W Wright Ave
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Interior Details Basement: Full,Daylight,Finished Rooms,Exterior Entry |
Beds & Baths Number of Bedrooms: 7Number of Bathrooms: 4 |
Dimensions and Layout Living Area: 5000 Square Feet |
Appliances & Utilities Appliances: Refrigerator, Washer, DryerDryerLaundry: Laundry Hook-upRefrigeratorWasher |
Heating & Cooling Heating: Forced Air,Natural GasHas CoolingAir Conditioning: Central Air,Window Unit(s)Heating Fuel: Forced Air |
Fireplace & Spa Fireplace: NoneNo FireplaceHas a Spa |
Windows, Doors, Floors & Walls Flooring: Hardwood |
Levels, Entrance, & Accessibility Stories: 2Levels: 2+ StoriesAccessibility: NoneFloors: Hardwood |
View No View |
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Exterior Home Features Roof: MetalPatio / Porch: CoveredOther Structures: Shed(s)Exterior: Sidewalk, Rain GuttersFoundation: StoneNo Private Pool |
Parking & Garage No CarportNo GarageNo Open ParkingParking: None |
Frontage Waterfront: NoneResponsible for Road Maintenance: Public Maintained RoadRoad Surface Type: AsphaltNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
Farm & Range Not Allowed to Raise Horses |
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Cumulative Days on Market: 4Days on Market: 7 |
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Year Built Year Built: 1850Year Renovated: 2021 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Colonial |
Building Construction Materials: Frame, Wood SidingNot a New ConstructionAttached To Another StructureDoes Not Include Home Warranty |
Property Information Parcel Number: 310500004900 |
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Price List Price: $489,000Price Per Sqft: $98 |
Status Change & Dates Possession Timing: Close Of Escrow, Negotiable |
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MLS Status: Active |
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Direction & Address City: ShepherdCommunity: Village of Shepherd |
School Information Elementary School District: Shepherd Public School DistrictJr High / Middle School District: Shepherd Public School DistrictHigh School District: Shepherd Public School District |
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Listing Agent Listing ID: 1944433 |
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Building Area Building Area: 5000 Square Feet |
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Community Features: None |
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Lot Area: 0.68 acres |
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Listing Agreement Type: Exclusive Right To SellListing Terms: Conventional, Cash, FHA, Land Contract/PMM, Lease Option |
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Rent Includes: NoneLease Term: Other, Until Sold |
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BasementMls Number: 1944433 |
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None |
Last check for updates: about 5 hours ago
Listing courtesy of Dave Feger, (989) 965-3075
EXP REALTY LLC, (888) 501-7085
Source: NGLRMLS, MLS#1944433
Price History for 323 W Wright Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 04/30/2026 | $489,000 | Listed For Sale | NGLRMLS #1944433 |
| 05/03/2013 | $65,000 | Sold | NGLRMLS #1770837 |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | |
| Assessment | $178,000 |
Home facts updated by county records
Comparable Sales for 323 W Wright Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.14 | Multi-Family Home | $239,999 | 08/28/25 | 2 | 1 | 3,512 | |
0.19 | Multi-Family Home | $525,000 | 04/20/26 | 1 | 1 | 5,800 | |
0.14 | Multi-Family Home | $239,999 | 08/28/25 | - | - | ||
6.06 | Multi-Family Home | $244,000 | 04/14/26 | 4 | 2.5 | 1,872 | |
6.31 | Multi-Family Home | $248,500 | 03/12/26 | 6 | 4 | 2,520 | |
6.17 | Multi-Family Home | $85,000 | 04/06/26 | 5 | 3 | 1,552 | |
6.21 | Multi-Family Home | $216,000 | 04/08/26 | 4 | 2 | 2,002 | |
6.50 | Multi-Family Home | $309,500 | 03/20/26 | 5 | 6 | 4,220 | |
6.53 | Multi-Family Home | $354,000 | 10/31/25 | 4 | 2 | 2,622 | |
6.69 | Multi-Family Home | $150,000 | 08/05/25 | 6 | 3 | 2,557 |
Assigned Schools
These are the assigned schools for 323 W Wright Ave.
- Shepherd Elementary School
- K-5
- Public
- 531 Students
7/10GreatSchools RatingParent Rating AverageI would rate this a five they have done a great job with my son and it take great people to do what they doParent Review5y ago - Shepherd High School
- 9-12
- Public
- 510 Students
8/10GreatSchools RatingParent Rating AverageSmallest town with the biggest heart around; that is how most people would describe Shepherd, Michigan. With a population around 1,550 people it is hard not to say Shepherd is a tight-knit community. With many sports, clubs and academic opportunities at Shepherd Public School's there is always somewhere for these students to fit in to. As a large part of any school Shepherd also has a vast array of teachers who are always more than willing to jump at the opportunity to help students academically and in their personal life if moved to do so. As Shepherd is a small town, students are provided with a very welcoming feeling as they are at school because 'everybody knows everybody.' This is possible because many students have grown up together in this community and surrounding area and there are about 480 students in the whole high school. It is known by all that if you are at this school students and staff will do their absolute best to make sure that all students feel like they are in a safe and loving learning environment.Student Review11y ago - Shepherd Middle School
- 6-8
- Public
- 385 Students
7/10GreatSchools RatingParent Rating AverageI don't like this school. To much bulling, teachers are rude, and don't help when us kids need it. The school let's us get bully from some kids, staff & coaches and it's ok. Wish my parents never had me go there. Only care about the pay checks.Other Review10y ago 
Check out schools near 323 W Wright Ave.
What Locals Say about Shepherd
At least 10 Trulia users voted on each feature.
100 % Say people would walk alone at night
92 % Say kids play outside
92 % Say parking is easy
86 % Say they plan to stay for at least 5 years
80 % Say it's dog friendly
76 % Say there are sidewalks
73 % Say car is needed
69 % Say yards are well-kept
62 % Say streets are well-lit
58 % Say it's walkable to restaurants
53 % Say it's quiet
50 % Say there's holiday spirit
43 % Say there's wildlife
40 % Say neighbors are friendly
33 % Say there are community events
20 % Say it's walkable to grocery stores
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Dave Feger, EXP REALTY LLC, (888) 501-7085
Agent Phone: (989) 965-3075
The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
Copyright 2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
Copyright 2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
323 W Wright Ave, Shepherd, MI 48883 is a 7 bedroom, 4 bathroom, 5,000 sqft multi-family built in 1850. This property is currently available for sale and was listed by NGLRMLS on Apr 30, 2026. The MLS # for this home is MLS# 1944433.