$415,000
Grand Rapids, MI 49503
MLS# 26036097
1 / 37
Property Description
Turnkey Heritage Hill Investment Opportunity! This fully rented 3-unit property offers immediate income in one of Grand Rapids' most desirable neighborhoods. Ideally located within walking distance of Downtown Grand Rapids, the Medical Mile, Michigan Street, Martha's Vineyard, and countless restaurants, coffee shops, and local amenities, this property is perfectly positioned to attract long-term tenants. The spacious main floor unit features 2 bed rooms, 2 full baths, a kitchen with a large center island, in-unit washer and dryer, garage parking, a private patio overlooking the large backyard, and a full basement with abundant storage. Located on the second floor, Unit 2 is filled with natural light and offers a cozy bedroom, full bathroom, and inviting living space. Also on the second floor, Unit 3 features a spacious living room, comfortable bedroom, bathroom, and kitchen. With all three units currently leased, this well-maintained property provides immediate cash flow with excellent
Details
Location & Property Info
Cross Streets: Lyon & Fountain
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 147.01
General Property Info
New Construction: No
Lot Dimensions: 61x170
Road Frontage: 61
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 2823
Total Parking Spaces: 4
School District: Grand Rapids
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 10370
Lot Acres: 0.24
Year Built: 1890
Tax Info
Taxable Value: 139850
SEV: 227700
For Tax Year: 2026
Seller's Annual Property Tax: 7031.39
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None
Zoning: RMHH3_RES MULTI
Tax ID #: 41-14-30-252-010
Remarks & Misc
Public Remarks: Turnkey Heritage Hill Investment Opportunity! This fully rented 3-unit property offers immediate income in one of Grand Rapids' most desirable neighborhoods. Ideally located within walking distance of Downtown Grand Rapids, the Medical Mile, Michigan Street, Martha's Vineyard, and countless restaurants, coffee shops, and local amenities, this property is perfectly positioned to attract long-term tenants. The spacious main floor unit features 2 bed rooms, 2 full baths, a kitchen with a large center island, in-unit washer and dryer, garage parking, a private patio overlooking the large backyard, and a full basement with abundant storage. Located on the second floor, Unit 2 is filled with natural light and offers a cozy bedroom, full bathroom, and inviting living space. Also on the second floor, Unit 3 features a spacious living room, comfortable bedroom, bathroom, and kitchen. With all three units currently leased, this well-maintained property provides immediate cash flow with excellent
Legal: LOT 8* WOOD S SUBDIVISION* OF A PART OF COIT & CURTIS PARTITION PLAT
Lot Description
Level: 1
Street Type
Public: 1
Util Avail at Street
None: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Laundry Features
Laundry Closet: 1
Exterior Material
Wood Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Hot Water: 1
Radiant: 1
Air Conditioning
Window Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
None: 1
Driveway
Paved: 1
Substructure
Crawl Space: 1
Michigan Basement: 1
Partial: 1
Owner Pays
Electricity: 1
Gas: 1
Sewer: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: 2 Bedrooms Main Flr
SqFt: 1300
Occupied: Yes
Monthly Rent: 1795
Bedrooms: 2
Bathrooms: 2
Full Baths: 2
A/C Unit: 1
Deck/Patio: 1
Fireplace: 1
Garage: 1
Range Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Unit 2
Unit #: 2
Unit Description: 1 bed/1 bath
SqFt: 650
Occupied: Yes
Monthly Rent: 1195
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Range/Oven: 1
Refrigerator: 1
Unit 3
Unit #: 3
Unit Description: 1 bed/1 bath
SqFt: 650
Occupied: Yes
Monthly Rent: 975
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
A/C Unit: 1
Refrigerator: 1
Possession
Close Of Escrow: 1
See Remarks: 1
Location Property Info
County: Kent
Street #: 130
Street Name: College
Suffix: Avenue
Post Direction: NE
State: MI
Zip Code: 49503
OfficeContract Info
Status: Active
Current Price: $415,000
List Price: $415,000
Listing Date: 2026-07-15
Remarks Misc
Directions: South of Michigan on College to 130. East side of College.
Property Features
Laundry Features: Laundry Closet
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Crawl Space; Michigan Basement; Partial
Lot Description: Level
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: None
Owner Pays: Electricity; Gas; Sewer; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Hot Water; Radiant
Air Conditioning: Window Unit(s)
Driveway: Paved
Street Type: Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Close Of Escrow; See Remarks
Sale Conditions: None
Unit 1: A/C Unit; Deck/Patio; Fireplace; Garage; Range Oven; Refrigerator; Washer/Dryer
Unit 2: A/C Unit; Range/Oven; Refrigerator
Unit 3: Range/Oven; A/C Unit; Refrigerator
Supplements
long-term investment potential. Whether you're looking to expand your portfolio or invest in one of Grand Rapids' most sought-after historic neighborhoods, this Heritage Hill multi-family is an opportunity you won't want to miss. Showings to begin after 12pm on Friday, July 17th.
Listing Office: Novosad Realty Partners
Listing Agent: Sommer Dockery
Last Updated: July - 15 - 2026
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