Share this with your friends
(616) 780-9964
Real Estate Company
1230 Alpine Avenue NW, Grand Rapids, MI 49504
- $599,000
- List Price
- $599,000
- Days on Market
- 1
- MLS#
- 26054324
- Status
- ACTIVE
- Type
- Multifamily
Property Description
Excellent investment opportunity in Grand Rapids' West Grand neighborhood! This fully occupied, five-unit property features a four-unit building plus a standalone single-family home, currently generating $64,920 in gross annual rental income (assuming full occupancy). The unit mix includes two 2-bedroom, 1-bathroom units, two 3-bedroom, 1-bathroom units, and a separate 2-bedroom, 1.5-bathroom home. Each unit is equipped with its own electric meter, water heater, and furnace, providing added independence for tenants and streamlined utility management. 4 of the 5 water heaters were replaced in September 2026. Even better, the property is certified with the City of Grand Rapids through 2030, with certification transferable to the new owner. A compelling opportunity for investors seeking an established, income-producing property or a potential destination for 1031 exchange funds. Add this West Grand multifamily investment to your portfolio!
/u.realgeeks.media/joshwiser/header4.png)
Additional Information
- Owner Pays
- Sewer, Trash Collection, Water
- Taxes
- $4,917
- Acres
- 0.15
- Basement
- Michigan Basement
- Heating
- Forced Air, Space Heater
- Roofing
- Rubber
- School District
- Grand Rapids
- Sewer
- Public Sewer
- Tenant Pays
- Electricity, Gas
- Total Parking Spaces
- 6
- Utilities
- Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available
- Water
- Public Water
Mortgage Calculator
Listing courtesy of Listing Agent: Kyle P Naumann from Listing Office: Edison Brokers & Co LLC.
© 2026 Southwestern Michigan Regional Information Center, LLC. All rights reserved. Information deemed reliable but not guaranteed. The properties on this website come in part from the Broker Reciprocity Program of the Member MLSs of the Southwestern Michigan Regional Information Center. Data last updated .