$995,000
Grand Rapids, MI 49504
MLS# 26013335
1 / 50
Property Description
High-Yield 13-Unit Portfolio | 0.6 Acres in Downtown Grand Rapids Rare opportunity to acquire a stabilized, cash-flowing asset in the heart of Grand Rapids. This C+/B- class portfolio features 13 units spread across 6 homes on adjoining parcels, totaling 0.6 acres. With over $140,000 in annual gross rent and a history of low vacancy, this is a turnkey 'workforce housing' play. Major CapEx has already been addressed: all homes feature new roofs and the majority of furnaces have been recently updated. Controlled expenses and a prime location make this a premier addition to any institutional or private portfolio.
Details
Maps
Location & Property Info
Cross Streets: Courtney
Property Sub-Type: 5+ Units
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 94.7
General Property Info
New Construction: No
Lot Dimensions: 194x134
Financial Available: Yes
Road Frontage: 194
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 13
# of Diff Unit Floor Plans: 13
Total # Bldgs: 6
Total Approx. SqFt All Bldgs: 10507
Total Parking Spaces: 13
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 26136
Lot Acres: 0.6
Year Built: 1888
Tax Info
Taxable Value: 239197
SEV: 523200
For Tax Year: 2024
Seller's Annual Property Tax: 12404.16
Tax Year: 2024
Homestead %: 0
Spec Assessment & Ty: none known
Zoning: COMM-IMP
Tax ID #: 41-13-13-356-009 --012
Remarks & Misc
Public Remarks: High-Yield 13-Unit Portfolio | 0.6 Acres in Downtown Grand Rapids
Rare opportunity to acquire a stabilized, cash-flowing asset in the heart of Grand Rapids. This C+/B- class portfolio features 13 units spread across 6 homes on adjoining parcels, totaling 0.6 acres. With over $140,000 in annual gross rent and a history of low vacancy, this is a turnkey 'workforce housing' play. Major CapEx has already been addressed: all homes feature new roofs and the majority of furnaces have been recently updated. Controlled expenses and a prime location make this a premier addition to any institutional or private portfolio.
Legal: LOT 1180*, 1181*, 1182*, AND 1183* PANFIL S ASSESSOR S PLAT NO 54* OF LOTS 1, 2, 4, 5, 20, 21, 22, 23 & 24 OF PATRICK TREGENT S ADD
Lot Description
Level: 1
Sidewalk: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
Electricity Available: 1
Natural Gas Available: 1
Phone Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Other: 1
Exterior Material
Vinyl Siding: 1
Other: 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
Driveway
Paved: 1
Shared Paved: 1
Shared Unpaved: 1
Unpaved: 1
Substructure
Full: 1
Other: 1
Owner Pays
Trash Collection: 1
Water: 1
Unit 1
Unit Description: 1228
SqFt: 0
Occupied: Yes
Monthly Rent: 875
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: 1230 -1
SqFt: 0
Occupied: Yes
Monthly Rent: 1095
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: 1230-2
SqFt: 0
Occupied: Yes
Monthly Rent: 1095
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 4
Unit Description: 1232-1
SqFt: 0
Occupied: Yes
Monthly Rent: 1095
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 5
Unit Description: 1232-2
SqFt: 0
Occupied: Yes
Monthly Rent: 1050
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 6
Unit Description: 1236-1
SqFt: 0
Occupied: Yes
Monthly Rent: 995
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 7
Unit Description: 1236-2
SqFt: 0
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Monthly Rent: 995
Unit 8
Unit Description: 1242-1
SqFt: 0
Occupied: Yes
Monthly Rent: 875
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 9
Unit Description: 1242-2
SqFt: 0
Occupied: Yes
Monthly Rent: 925
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 10
Unit Description: 1246-1F
SqFt: 0
Occupied: Yes
Monthly Rent: 1095
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 11
Unit Description: 1246-1R
SqFt: 0
Occupied: Yes
Monthly Rent: 775
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 12
Unit Description: 1246-2F
SqFt: 0
Occupied: Yes
Monthly Rent: 1100
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Location Property Info
County: Kent
Street #: 1230-1246
Street Name: Alpine
Suffix: Avenue
Post Direction: NW
State: MI
Zip Code: 49504
Zip (4): 3140
OfficeContract Info
Status: Active
Current Price: $995,000
List Price: $995,000
Listing Date: 2026-04-01
Property Features
Exterior Material: Vinyl Siding; Other
Substructure: Full; Other
Lot Description: Level; Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available; Phone Available; Public Sewer; Public Water
Owner Pays: Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Paved; Shared Paved; Shared Unpaved; Unpaved
Street Type: Paved; Public
Terms Available: Cash; Other
Possession: Close Of Escrow; Subject To Tenant Rights
Sale Conditions: None
Listing Office: EXP Realty (Grand Rapids)
Listing Agent: Ryan Ogle
Last Updated: April - 03 - 2026
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