$649,000
Grand Rapids, MI 49505
MLS# 26024809
1 / 14
Property Description
One unit shown at open house; all layouts are identical. Remaining units available during inspection. Exceptional investment opportunity at 1238 Northfield NE in the heart of Grand Rapids. This solid brick 4-unit Townhouse can be fully rented for strong cash flow or owner-occupied while generating rental income from the remaining units. Seller is offering five separate 4-unit buildings , a total of 20 units (1258, 1336, 1238 , 1239, 1226 Northfield NE) available individually or as a package portfolio purchase. Conveniently located near Medical Mile and all the exciting new downtown Grand Rapids developments, this property offers both stability and long-term growth potential. Every unit also includes its own rear carport parking space. Each units has its own furnace and water heater. A rare opportunity to own a well-built multifamily property in a rapidly growing area. Each units condition may varies. All offer to be reviewed on Monday June 1st at 7 PM.
Details
Location & Property Info
Cross Streets: Leonard st
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Ownership Type: Broker/Agent Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 143.39
General Property Info
New Construction: No
Lot Dimensions: 109x111
Road Frontage: 109
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 4526
Total Parking Spaces: 4
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 12110
Lot Acres: 0.28
Year Built: 1961
Tax Info
Taxable Value: 166024
SEV: 215300
For Tax Year: 2026
Seller's Annual Property Tax: 8347.38
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: NK
Zoning: Residential
Tax ID #: 411417352026
Remarks & Misc
Public Remarks: One unit shown at open house; all layouts are identical. Remaining units available during inspection. Exceptional investment opportunity at 1238 Northfield NE in the heart of Grand Rapids. This solid brick 4-unit Townhouse can be fully rented for strong cash flow or owner-occupied while generating rental income from the remaining units. Seller is offering five separate 4-unit buildings , a total of 20 units (1258, 1336, 1238 , 1239, 1226 Northfield NE) available individually or as a package portfolio purchase. Conveniently located near Medical Mile and all the exciting new downtown Grand Rapids developments, this property offers both stability and long-term growth potential. Every unit also includes its own rear carport parking space. Each units has its own furnace and water heater. A rare opportunity to own a well-built multifamily property in a rapidly growing area. Each units condition may varies. All offer to be reviewed on Monday June 1st at 7 PM.
Legal: LOT 19* DE VAN ADDITION
Waterfront Options
Water Access Y/N: No
Lot Description
Level: 1
Sidewalk: 1
Income and Expenses
Gross Op. Inc.: 48720
Street Type
Paved: 1
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
Storm Sewer: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Mineral Rights
Unknown: 1
Laundry Features
In Basement: 1
Exterior Material
Aluminum Siding: 1
Brick: 1
Roofing
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Asphalt: 1
Concrete: 1
Paved: 1
Shared Paved: 1
Substructure
Full: 1
Extras
Carports: 1
Sep Electric Meter: 1
Sep Gas Meter: 1
Tenant Storage: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit #: 1238
Unit Description: 1242
SqFt: 1131
Occupied: Yes
Monthly Rent: 1500
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Carport: 1
Range Oven: 1
Refrigerator: 1
Sep. Heat System: 1
W/D Hookup: 1
Unit 2
Unit #: 1240
Unit Description: 1240
SqFt: 1131
Occupied: Yes
Monthly Rent: 1010
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Carport: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
W/D Hookup: 1
Unit 3
Unit #: 1242
Unit Description: 1242
SqFt: 1131
Occupied: Yes
Monthly Rent: 1500
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
W/D Hookup: 1
Unit 4
Unit #: 1244
Unit Description: 1244
SqFt: 1131
Occupied: Yes
Monthly Rent: 1500
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Carport: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
W/D Hookup: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 1238
Street Name: Northfield
Suffix: Avenue
Post Direction: NE
State: MI
Zip Code: 49505
Zip (4): 5240
OfficeContract Info
Status: Active
Current Price: $649,000
List Price: $649,000
Listing Date: 2026-05-26
Remarks Misc
Directions: N of Leonard st/W of Fuller ave
Property Features
Laundry Features: In Basement
Exterior Material: Aluminum Siding; Brick
Roofing: Rubber
Substructure: Full
Lot Description: Level; Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; 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; Storm Sewer
Extras: Carports; Sep Electric Meter; Sep Gas Meter; Tenant Storage
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Asphalt; Concrete; Paved; Shared Paved
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional; FHA; VA Loan
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Carport; Range Oven; Refrigerator; Sep. Heat System; W/D Hookup
Unit 2: Carport; Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup
Unit 3: Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup
Unit 4: Carport; Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup
Supplements
Seller is a licensed real estate broker in the State of Michigan.
Listing Office: VJ Real Estate
Listing Agent: Vung L Mang
Last Updated: May - 26 - 2026
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