$1,095,000
Grand Rapids, MI 49503
MLS# 26042669
1 / 22
Property Description
DO NOT WALK PROPERTY WITHOUT PRIOR APPROVAL. 8 Unit Income-producing Grand Rapids investment opportunity featuring TWO well-maintained multi-unit buildings in a prime location. Just 1 block from GVSU, 3 blocks from Corewell Health, near the Grand Rapids Medical Mile, with easy highway access and walking distance to countless conveniences. Together, the properties currently generate $8,950/month with additional rent growth potential. The 6-unit building offers on-site parking for 10 cars, an on-demand water heater and a 6-year City of Grand Rapids rental certification. Landlord pays all utilities. Long-term tenants reflect an owner who values and cares for residents. Units include 2BR, 1BR, studio/1BR loft, studio, 1BR and 1BR. The second building at 526 Michigan St. features two 3BR units, updated PEX plumbing and two electrical panels. One tenant has been in place for over 30 years. Excellent opportunity for established cash flow and upside potential.
Details
Location & Property Info
Cross Streets: Michigan & College NE
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: 201.58
General Property Info
New Construction: No
Lot Dimensions: 75 x 185
Financial Available: No
Road Frontage: 75
Cert of Compliance: No
Cert. of Compliance Exp Date: 2032-02-11
Waterfront: No
Basement: Yes
Total # Units: 8
# of Diff Unit Floor Plans: 8
Total # Bldgs: 2
Total Approx. SqFt All Bldgs: 5432
Total Parking Spaces: 12
School District: Grand Rapids
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 7797
Lot Acres: 0.26
Year Built: 1890
Tax Info
Taxable Value: 134965
SEV: 529900
For Tax Year: 2026
Seller's Annual Property Tax: 6795
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None Known
Zoning: Multi-Family
Tax ID #: 41-14-30-202-008
Remarks & Misc
Public Remarks: DO NOT WALK PROPERTY WITHOUT PRIOR APPROVAL. 8 Unit Income-producing Grand Rapids investment opportunity featuring TWO well-maintained multi-unit buildings in a prime location. Just 1 block from GVSU, 3 blocks from Corewell Health, near the Grand Rapids Medical Mile, with easy highway access and walking distance to countless conveniences. Together, the properties currently generate $8,950/month with additional rent growth potential. The 6-unit building offers on-site parking for 10 cars, an on-demand water heater and a 6-year City of Grand Rapids rental certification. Landlord pays all utilities. Long-term tenants reflect an owner who values and cares for residents. Units include 2BR, 1BR, studio/1BR loft, studio, 1BR and 1BR. The second building at 526 Michigan St. features two 3BR units, updated PEX plumbing and two electrical panels. One tenant has been in place for over 30 years. Excellent opportunity for established cash flow and upside potential.
Legal: LOT 898* STEINMANN S ASSESSOR S PLAT NO 34* OF LOTS 28 TO 32, 35 TO 42 ALL INCLUSIVE & PART OF LOTS 20, 21, 33 & 34 OF COIT & CURTIS PARTITION PLAT AND LOT 892* STEINMANN S ASSESSOR S PLAT NO 34* OF LOTS 28 TO 32, 35 TO 42 ALL INCLUSIVE & PART OF LOTS 20, 21, 33 & 34 OF COIT & CURTIS PARTITION PLAT
Waterfront Options
Water Access Y/N: No
Lot Description
Sidewalk: 1
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
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Other: 1
Exterior Material
Vinyl Siding: 1
Wood Siding: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Radiant: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
None: 1
Substructure
Full: 1
Owner Pays
Electricity: 1
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: 2 Bedroom
Occupied: Yes
Monthly Rent: 1075
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: 1 Bedroom
Occupied: Yes
Monthly Rent: 925
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: Studio/1 Bedroom
Occupied: Yes
Monthly Rent: 885
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 4
Unit Description: Studio
Occupied: Yes
Monthly Rent: 1070
Bathrooms: 1
Full Baths: 1
Unit 5
Unit #: 5
Unit Description: 1 Bedroom
Occupied: No
Monthly Rent: 1095
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 6
Unit #: 6
Unit Description: 1 Bedroom
Occupied: Yes
Monthly Rent: 1090
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 7
Unit #: 526
Unit Description: 3 Bedroom
SqFt: 1125
Occupied: Yes
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Monthly Rent: 1200
Unit 8
Unit #: 528
Unit Description: 3 Bedroom
SqFt: 1125
Occupied: Yes
Monthly Rent: 1610
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 522
Street Name: Michigan
Suffix: Street
Post Direction: NE
State: MI
Zip Code: 49503
Zip (4): 5705
OfficeContract Info
Status: Active
Current Price: $1,095,000
List Price: $1,095,000
Listing Date: 2026-08-13
Property Features
Exterior Material: Vinyl Siding; Wood Siding
Substructure: Full
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer
Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Radiant
Air Conditioning: None
Street Type: Paved; Public
Terms Available: Cash; Other
Possession: Close Of Escrow
Sale Conditions: None
Listing Office: Five Star Real Estate (Walker)
Listing Agent: Vito (Jr.) E Dolci
Last Updated: August - 14 - 2026
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