$845,000
Grand Rapids, MI 49503
MLS# 26045679
1 / 72
Property Description
A rare investment opportunity in the heart of historic Heritage Hill! This stunning five-unit property offers five generously sized one-bedroom, one-bath residences, each approximately 1,000 sf located on a tree-lined street. Beautiful historic character blends seamlessly with thoughtfully updated interiors, with units refreshed in 2022 and attractive finishes throughout. Situated on an extraordinary quadruple lot with an assessed land value exceeding $710,000, the property features an expansive fenced yard, three garage spaces and approximately 10 additional parking spaces - an exceptional amenity in this highly desirable neighborhood. All five units are currently leased, including the garage spaces, providing immediate rental income for the next owner. The property has been newly certified by the City of Grand Rapids for another six years through 2032, offering added confidence and convenience for the next owner. Located next to GRCC, just minutes to walkable downtown Grand Rapids w
Details
Location & Property Info
Cross Streets: college
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: 167.53
General Property Info
New Construction: No
Lot Dimensions: 0
Financial Available: No
Road Frontage: 75
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2032-05-21
Waterfront: No
Basement: Yes
Total # Units: 5
# of Diff Unit Floor Plans: 5
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 5044
Total Parking Spaces: 13
School District: Grand Rapids
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 19515
Lot Acres: 0.45
Year Built: 1891
Tax Info
Taxable Value: 318746
SEV: 354800
For Tax Year: 2026
Seller's Annual Property Tax: 16025
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: N/A
Zoning: 201 COMMERCIAL-
Tax ID #: 41-14-30-253-004
Remarks & Misc
Public Remarks: A rare investment opportunity in the heart of historic Heritage Hill! This stunning five-unit property offers five generously sized one-bedroom, one-bath residences, each approximately 1,000 sf located on a tree-lined street. Beautiful historic character blends seamlessly with thoughtfully updated interiors, with units refreshed in 2022 and attractive finishes throughout. Situated on an extraordinary quadruple lot with an assessed land value exceeding $710,000, the property features an expansive fenced yard, three garage spaces and approximately 10 additional parking spaces - an exceptional amenity in this highly desirable neighborhood. All five units are currently leased, including the garage spaces, providing immediate rental income for the next owner. The property has been newly certified by the City of Grand Rapids for another six years through 2032, offering added confidence and convenience for the next owner. Located next to GRCC, just minutes to walkable downtown Grand Rapids w
Legal: LOT 1016* STEINMANN S ASSESSOR S PLAT NO 36
Waterfront Options
Water Access Y/N: No
Lot Description
Sidewalk: 1
Wooded: 1
Income and Expenses
Annual Insurance: 7300
Annual Maintenance: 2000
Annual Mgmt. Fees: 0
Gross Op. Inc.: 100100
Net Operating Income: 70000
Operating Expense: 30000
Street Type
Paved: 1
Util Avail at Street
None: 1
Utilities Attached
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Association Info.
Approx. Assoc Fee: 0
Assoc. Buy in Fee: 0
Laundry Features
In Basement: 1
Exterior Material
Aluminum Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Window Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
None: 1
Driveway
Paved: 1
Substructure
Full: 1
Extras
Garages: 1
Tenant Storage: 1
Owner Pays
Electricity: 1
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: LR,DR,KT
Identical Units: 4
SqFt: 978
Occupied: Yes
Monthly Rent: 1700
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Central Air: 1
Deck/Patio: 1
Range Oven: 1
Refrigerator: 1
Unit 2
Unit #: 2
Unit Description: LR,DA,KT
Identical Units: 1
SqFt: 995
Occupied: Yes
Monthly Rent: 1585
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Central Air: 1
Deck/Patio: 1
Range/Oven: 1
Refrigerator: 1
Unit 3
Unit #: 3
Unit Description: LR,DA,KT
SqFt: 950
Occupied: Yes
Monthly Rent: 1650
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 4
Unit Description: LR,DA, KIT
SqFt: 950
Occupied: Yes
Monthly Rent: 1550
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 5
Unit #: 5
Unit Description: LR, DA, KIT
SqFt: 1000
Occupied: Yes
Monthly Rent: 1450
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 450
Street Name: Fountain
Suffix: Street
Post Direction: NE
State: MI
Zip Code: 49503
Zip (4): 5605
OfficeContract Info
Status: Active
Current Price: $845,000
List Price: $845,000
Listing Date: 2026-08-28
Property Features
Laundry Features: In Basement
Exterior Material: Aluminum Siding
Roofing: Composition
Substructure: Full
Lot Description: Sidewalk; Wooded
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Natural Gas Connected
Util Avail at Street: None
Extras: Garages; Tenant Storage
Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Window Unit(s)
Driveway: Paved
Street Type: Paved
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Central Air; Deck/Patio; Range Oven; Refrigerator
Unit 2: Central Air; Deck/Patio; Range/Oven; Refrigerator
Unit 5: Range/Oven; Refrigerator
Supplements
convenient access to restaurants, entertainment, medical facilities, universities and everything the city has to offer. A truly distinctive combination of location, land, historic appeal and income-producing potential. One unit could be potentially owner occuopied. Showings only upon appointment (showing window) for pre-approved, serious buyers.
Listing Office: Keller Williams GR East
Listing Agent: Ingrid C Anastasiu
Last Updated: August - 30 - 2026
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