$319,900
Grand Rapids, MI 49504
MLS# 26042093
1 / 17
Property Description
Great investment opportunity on the desirable SW side! This 3-unit multifamily property features three spacious 1-bedroom, 1-bathroom units, each with split utilities and plenty of off-street parking. The property is currently professionally managed by United Properties, making it an excellent option for a hands-off investor. All three units are occupied and under current leases, generating $2,875 in total monthly rental income. Tenants are responsible for split utilities, while the owner is responsible for water and sewer. With a great location, strong occupancy, and existing rental income, this property is a great addition to any investment portfolio.
Details
Location & Property Info
Cross Streets: Butterworth and Straight
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: 170.07
General Property Info
New Construction: No
Lot Dimensions: 179 x 49
Financial Available: No
Road Frontage: 49
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2027-04-08
Waterfront: No
Basement: Yes
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 1881
Total Parking Spaces: 5
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 8905
Lot Acres: 0.2
Year Built: 1890
Tax Info
Taxable Value: 47153
SEV: 133900
For Tax Year: 2025
Seller's Annual Property Tax: 2370.73
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: n/a
Zoning: MULTI
Tax ID #: 41-13-26-478-017
Remarks & Misc
Public Remarks: Great investment opportunity on the desirable SW side! This 3-unit multifamily property features three spacious 1-bedroom, 1-bathroom units, each with split utilities and plenty of off-street parking. The property is currently professionally managed by United Properties, making it an excellent option for a hands-off investor. All three units are occupied and under current leases, generating $2,875 in total monthly rental income. Tenants are responsible for split utilities, while the owner is responsible for water and sewer. With a great location, strong occupancy, and existing rental income, this property is a great addition to any investment portfolio.
Legal: E 48 FT OF LOT 10 BLK 2* GUNNISON S SUBDIVISION* OF PART OF SHEPARD S ADDITION
Lot Description
Sidewalk: 1
Util Avail at Street
Electricity Available: 1
Natural Gas 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
FHA: 1
MSHDA: 1
VA Loan: 1
Laundry Features
In Basement: 1
Exterior Material
Aluminum Siding: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Trash: 1
Substructure
Full: 1
Michigan Basement: 1
Extras
Laundry Facility: 1
Sep Electric Meter: 1
Sep Gas Meter: 1
Owner Pays
Sewer: 1
Water: 1
Unit 1
Unit Description: unit 1
SqFt: 627
Occupied: Yes
Monthly Rent: 920
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Refrigerator: 1
Sep. Heat System: 1
Washer/Dryer: 1
Unit 2
Unit Description: unit 2
SqFt: 627
Occupied: Yes
Monthly Rent: 1020
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Sep. Heat System: 1
Washer/Dryer: 1
Unit 3
Unit Description: unit 3
SqFt: 627
Occupied: Yes
Monthly Rent: 835
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Sep. Heat System: 1
Washer/Dryer: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 859
Street Name: Butterworth
Suffix: Street
Post Direction: SW
State: MI
Zip Code: 49504
Zip (4): 7709
OfficeContract Info
Status: Active
Current Price: $319,900
List Price: $319,900
Listing Date: 2026-08-12
Property Features
Laundry Features: In Basement
Exterior Material: Aluminum Siding
Substructure: Full; Michigan Basement
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water
Extras: Laundry Facility; Sep Electric Meter; Sep Gas Meter
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Terms Available: Cash; Conventional; FHA; MSHDA; VA Loan
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Refrigerator; Sep. Heat System; Washer/Dryer
Unit 2: Sep. Heat System; Washer/Dryer
Unit 3: Sep. Heat System; Washer/Dryer
Listing Office: United Realty Services LLC
Listing Agent: Jacob Thomas
Last Updated: October - 12 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.