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

City of Grand Rapids, MI, 49508
$ 599,900
Baths0.0 Sq 3,472

Monthly Estimate*

$ 3,743

3241 Marshall Avenue SE, City of Grand Rapids, MI 49508 - Image 1
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Studio Multi-Family Home for sale in City of Grand Rapids, MI for $599,900. This 3,472 square foot 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 hallways -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

MultiFamily

Lot Size

0.3

Year Built

1964

Town/City

City of Grand Rapids

County/Region

KENT

MLS | Web ID

65025060041

Features
General
Sewer PublicSewer SewerAtStreet
Heating NaturalGas Radiant
Cooling WindowUnits
Utilities ElectricityConnected SewerConnected
Possession CloseOfEscrow
Roof Composition
Construction Materials Brick
Year Built 1964
Property Subtype MultiFamily
Tax Year 2025
County Kent
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N N
Status Pending
Directions E off Eastern on 33rd To Marshall
City GrandRapidsCity_Kent
Senior Community Y/N N
High School District GrandRapids
Zoning Description Residential
Number Of Units Total 4
MLS Area Area41142GrandRapids
Lot Size Units SquareFeet
Carport Y/N Y
Land Lease Y/N N
Tax Annual Amount 8842.51
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units SquareFeet
Standard Status Pending
Occupancy Type Tenant
Tax Assessed Value 144800
Legal Description LOT 12* GREEN ACRES PLAT NO 1
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Interior
Basement Daylight
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
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Exterior
Parking Features Concrete Carport
Water Source Public
Total Parking 5.0
Lot Size Area 12937.0
Number of Buildings 1
Spa N
Building Area Total 3472.0
Lot Dimensions 89x150x89x161
Lot Size Acres 0.3
Waterfront Y/N N
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
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
Vung L Mang

Listing Agent

Vj Real Estate

Broker

(616) 485-8138

Phone

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
4909624 Elementary School
4909684 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/28/2025$599,900 Listed Price

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3241 Marshall Avenue SE, City of Grand Rapids, MI, 49508 is a Multi-Family Home for sale at $599,900 with 3,472 sqft and 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 City of Grand Rapids, MI