3241 Marshall Avenue SE Grand Rapids, MI $ 599,900
3241 Marshall Avenue SE
$ 599,900
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3241 Marshall Avenue SE

Grand Rapids, MI, 49508
$ 599,900
Baths0.0

Monthly Estimate*

$ 3,743

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Studio

Multi-Family Home for sale in Grand Rapids, MI

for $599,900. This home was built in 1964 on a lot size of 0.3.

Owner occupied or Investment Opportunity! Welcome to 3241 Marshall Ave SE, a well-maintained and income-producing apartment building offering immediate cash flow and long-term upside. This solid property features three turnkey 2-bedroom, 1-bath units, each renting for $1,300/month, and one 1-bedroom, 1-bath unit renting for $1,100/month. One 2-bedroom unit is currently vacant for showings, making it ideal for owner-occupants or investors looking to fill at market rent. All units are occupied on month-to-month leases, providing excellent stability with the flexibility for future adjustments. Tenants are responsible for their own electric and trash, further maximizing net income for the new owner. Recent 2024 upgrades elevate the building's appeal and reduce future maintenance costs, including: Brand new roofs on both the main building and garage port -Fully updated Unit # 2 -New front and back doors with enhanced security locks -Updated electrical systems -Updated common hallwa ys -New coin-operated laundry area -Fresh interior and exterior paint -Updated landscaping -New mailboxes & exterior security lighting -Full camera system covering outdoor areas and interior hallways This is a clean, professionally updated building in strong rental conditionperfect for both seasoned investors and first-time multifamily buyers. Three of the occupied units will be made available for walkthrough after an accepted offer. Don't miss this chance to add a high-performing property to your portfolio!

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Multi-Family Pending

Price

$ 599,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 8,842

Style

2 to 4 Units

Lot Size

0.3

Year Built

1964

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

25060041

Features
General
Sewer Public Sewer
Heating Radiant
Cooling Window Unit(s)
Utilities Natural Gas Available Electricity Available Electricity Connected
Possession Close Of Escrow
Roof Composition
Construction Materials Brick
Year Built 1964
Tenant Pays Electric Trash
Township City of Grand Rapids
Property Subtype 2 to 4 Units
Tax Year 2025
Ownership Private Owned
County Kent
New Construction N
Property Type Multi Family
Attached Garage N
Status Pending
Directions E off Eastern on 33rd To Marshall
City Grand Rapids
High School District Grand Rapids
Zoning Description R-3
Number Of Units Total 4
MLS Area Grand Rapids - G
Lot Size Units Acres
Lot Size Square Feet 12937.0
Listing Terms FHA Cash Conventional
Land Lease Y/N N
Tax Annual Amount 8842.51
Lease Renewal Y/N N
MLS Area Minor Grand Rapids - G
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Pending
Occupancy Type Tenant
Tax Assessed Value 144800
Legal Description LOT 12* GREEN ACRES PLAT NO 1
Senior Community None
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Interior
Basement Daylight
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Concrete Driveway
Total Parking 5.0
Lot Size Area 0.3
Number of Buildings 1
Spa N
Lot Dimensions 89x150x89x161
Lot Size Acres 0.3
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 3241
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* Excluded Features
List By
Vj Real Estate

Broker

sbvlmang@gmail.com

Email

Affordability Calculator

$4,479
Per Month
84%
16%
0%
Monthly Principal & Interest
$3,743
Monthly Property Taxes
$737
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
250213 Elementary School
249218 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/28/2025$599,900 Listed Price

Map


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3241 Marshall Avenue SE, Grand Rapids, MI, 49508 is a Multi-Family Home for sale at $599,900 with a lot size of 0.3. 3241 Marshall Avenue SE is a studio with 0.0 baths and was built in 1964. The property's zip code is 49508 which is in Grand Rapids, MI