# 323 W Wright Avenue, Shepherd, MI 48883

> **TL;DR:** residential multi family, $489,000 ($98/sqft), 5,000 sqft.
> Basement. Est. $2,119/mo. Listed 33 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $489,000 |
| Price/sqft | $98 |
| Square Feet | 5,000 |
| Lot Size | 29,621 sqft (0.68 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 33 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,119 |
| **Total** | **$2,119** |

## Key Amenities

- Basement

## Property Highlights

- 0.68 acre lot
- 1 parking spaces

## Description

### Agent 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.

## Location

- **Address:** 323 W Wright Avenue, Shepherd, MI 48883
- **County:** Isabella
- **Coordinates:** 43.524002, -84.695664
- **Google Maps:** https://www.google.com/maps?q=43.524002,-84.695664

## Listing Agent

- **Name:** Dave Feger
- **Brokerage:** EXP REALTY LLC
- **Phone:** 9899653075
- **Email:** dfeger17@gmail.com

## Primary Photo

![323 W Wright Avenue - Primary Photo](http://lh.rdcpix.com/7e45f0c4bb32fa1b9d81ae8859b227e5l-f3063075303r.jpg)

*23 total photos available on [listing page](https://www.propertysimple.com/listing/323-w-wright-avenue-shepherd-mi-48883-1944433)*

---

**MLS#:** 1944433 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/323-w-wright-avenue-shepherd-mi-48883-1944433)

---

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