$599,000
Grand Rapids, MI 49504
MLS# 26054324
1 / 19
Property Description
Excellent investment opportunity in Grand Rapids' West Grand neighborhood! This fully occupied, five-unit property features a four-unit building plus a standalone single-family home, currently generating $64,920 in gross annual rental income (assuming full occupancy). The unit mix includes two 2-bedroom, 1-bathroom units, two 3-bedroom, 1-bathroom units, and a separate 2-bedroom, 1.5-bathroom home. Each unit is equipped with its own electric meter, water heater, and furnace, providing added independence for tenants and streamlined utility management. 4 of the 5 water heaters were replaced in September 2026. Even better, the property is certified with the City of Grand Rapids through 2030, with certification transferable to the new owner. A compelling opportunity for investors seeking an established, income-producing property or a potential destination for 1031 exchange funds. Add this West Grand multifamily investment to your portfolio!
Details
Location & Property Info
Cross Streets: Alpine and Leonard
Property Sub-Type: 5+ Units
Municipality: City of Grand Rapids
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 139.79
General Property Info
New Construction: No
Lot Dimensions: 49.33 x 131.16
Road Frontage: 49.33
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2030-10-14
Waterfront: No
Basement: Yes
Total # Units: 5
# of Diff Unit Floor Plans: 5
Total # Bldgs: 2
Total Approx. SqFt All Bldgs: 4285
Total Parking Spaces: 6
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 6469
Lot Acres: 0.15
Year Built: 1888
Tax Info
Taxable Value: 93536
SEV: 222700
For Tax Year: 2026
Seller's Annual Property Tax: 4917.85
Tax Year: 2026
Homestead %: 0
Spec Assessment & Ty: None known
Zoning: 201 - Commercia
Tax ID #: 41-13-13-356-012
Remarks & Misc
Public Remarks: Excellent investment opportunity in Grand Rapids' West Grand neighborhood! This fully occupied, five-unit property features a four-unit building plus a standalone single-family home, currently generating $64,920 in gross annual rental income (assuming full occupancy). The unit mix includes two 2-bedroom, 1-bathroom units, two 3-bedroom, 1-bathroom units, and a separate 2-bedroom, 1.5-bathroom home. Each unit is equipped with its own electric meter, water heater, and furnace, providing added independence for tenants and streamlined utility management. 4 of the 5 water heaters were replaced in September 2026. Even better, the property is certified with the City of Grand Rapids through 2030, with certification transferable to the new owner. A compelling opportunity for investors seeking an established, income-producing property or a potential destination for 1031 exchange funds. Add this West Grand multifamily investment to your portfolio!
Legal: LOT 1183* PANFIL S ASSESSOR S PLAT NO 54* OF LOTS 1, 2, 4, 5, 20, 21, 22, 23 & 24 OF PATRICK TREGENT S ADDITION
Street Type
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Tax Def Exchange: 1
Laundry Features
None: 1
Exterior Material
Vinyl Siding: 1
Roofing
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Space Heater: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Asphalt: 1
Gravel: 1
Substructure
Michigan Basement: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit Description: 1228
SqFt: 600
Occupied: Yes
Monthly Rent: 925
Bedrooms: 2
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Deck/Patio: 1
Sep. Heat System: 1
Washer/Dryer: 1
Unit 2
Unit Description: 1230-1
Occupied: Yes
Monthly Rent: 1170
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Sep. Heat System: 1
Unit 3
Unit Description: 1230-2
Occupied: Yes
Monthly Rent: 1120
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Sep. Heat System: 1
Unit 4
Unit Description: 1232-1
Occupied: Yes
Monthly Rent: 1095
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Sep. Heat System: 1
Unit 5
Unit Description: 1232-2
Occupied: Yes
Monthly Rent: 1100
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Sep. Heat System: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Kent
Street #: 1230
Street Name: Alpine
Suffix: Avenue
Post Direction: NW
State: MI
Zip Code: 49504
Zip (4): 3140
OfficeContract Info
Status: Active
Current Price: $599,000
List Price: $599,000
Listing Date: 2026-10-12
Property Features
Laundry Features: None
Exterior Material: Vinyl Siding
Roofing: Rubber
Substructure: Michigan Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air; Space Heater
Driveway: Asphalt; Gravel
Street Type: Public
Terms Available: Cash; Conventional; Tax Def Exchange
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: Deck/Patio; Sep. Heat System; Washer/Dryer
Unit 2: Sep. Heat System
Unit 3: Sep. Heat System
Unit 4: Sep. Heat System
Unit 5: Sep. Heat System
Listing Office: Edison Brokers & Co LLC
Listing Agent: Kyle P Naumann
Last Updated: October - 12 - 2026
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