$249,000
Grand Rapids, MI 49504
MLS# 26054255
1 / 18
Property Description
Discover an investment opportunity in Grand Rapids with this two- to four-unit multifamily property. The lower unit is occupied by a tenant, providing income from day one, while the upstairs unit is vacant and available for a new lease or owner occupancy. The compact 2,875-square-foot lot provides efficient land use in an established area. Whether you're building equity through ownership or seeking to diversify your investment portfolio, this property offers the potential for steady value appreciation. The configuration supports multiple income streams or flexible living arrangements, making it a practical choice for ownership-focused buyers seeking long-term financial stability.
Details
Location & Property Info
Cross Streets: 11th St NW / Leonard St NW
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 25*115.44
Road Frontage: 25
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2026-05-04
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 0
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 2875
Lot Acres: 0.07
Year Built: 1900
Tax Info
Taxable Value: 82300
SEV: 82300
For Tax Year: 2025
Seller's Annual Property Tax: 4249.54
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: 0
Zoning: residential
Tax ID #: 41-13-24-129-051
Remarks & Misc
Public Remarks: Discover an investment opportunity in Grand Rapids with this two- to four-unit multifamily property. The lower unit is occupied by a tenant, providing income from day one, while the upstairs unit is vacant and available for a new lease or owner occupancy. The compact 2,875-square-foot lot provides efficient land use in an established area. Whether you're building equity through ownership or seeking to diversify your investment portfolio, this property offers the potential for steady value appreciation. The configuration supports multiple income streams or flexible living arrangements, making it a practical choice for ownership-focused buyers seeking long-term financial stability.
Legal: LOT 1321* PANFIL S ASSESSOR S PLAT NO 56* OF LOTS 2 TO 15 INC & PART OF LOT 16 OF RICHMOND S ADD
Util Avail at Street
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Phone Available: 1
Public Sewer: 1
Public Water: 1
Storm Sewer: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Private Water: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
MSHDA: 1
Exterior Material
Aluminum Siding: 1
Heat Source
Natural Gas: 1
Sale Conditions
Short Sale Possible: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Trash: 1
Substructure
Michigan Basement: 1
Owner Pays
Sewer: 1
Water: 1
Unit 1
Unit Description: lower unit
SqFt: 724
Occupied: Yes
Monthly Rent: 925
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: upper unit
SqFt: 724
Occupied: Yes
Monthly Rent: 925
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Location Property Info
County: Kent
Street #: 1021
Street Name: Broadway
Suffix: Avenue
Post Direction: NW
State: MI
Zip Code: 49504
Zip (4): 4213
OfficeContract Info
Status: Active
Current Price: $249,000
List Price: $249,000
Listing Date: 2026-10-07
Property Features
Exterior Material: Aluminum Siding
Substructure: Michigan Basement
Sewer: Public Sewer
Water: Private Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Terms Available: Cash; Conventional; FHA; MSHDA
Sale Conditions: Short Sale Possible
Listing Office: Windpoint Realty LLC
Listing Agent: Kaden Buchholz
Last Updated: October - 12 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively 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.