1230-1246 Alpine Avenue NW Grand Rapids, MI $ 995,000
1230-1246 Alpine Avenue NW
$ 995,000
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1230-1246 Alpine Avenue NW

Grand Rapids, MI, 49504
$ 995,000
Baths0.0

Monthly Estimate*

$ 6,126

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Studio

Multi-Family Home for sale in Grand Rapids, MI

for $995,000. This home was built in 1888 on a lot size of 0.6.

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.

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Multi-Family Active

Price

$ 995,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 12,404

Style

5+ Units

Lot Size

0.6

Year Built

1888

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

26013335

Features
General
Sewer Public Sewer
Heating Forced Air
Utilities Phone Available Natural Gas Available Electricity Available Natural Gas Connected
Possession Close Of Escrow Subject To Tenant Rights
Construction Materials Vinyl Siding Other
Year Built 1888
Tenant Pays Electric Gas
Township City of Grand Rapids
Property Subtype 5+ Units
Tax Year 2024
County Kent
New Construction N
Property Type Multi Family
Attached Garage N
Status Active
City Grand Rapids
High School District Grand Rapids
Zoning Description COMM-IMP
Number Of Units Total 13
Lot Size Units Acres
Lot Size Square Feet 26136.0
Listing Terms Cash
Land Lease Y/N N
Tax Annual Amount 12404.16
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 239197
Legal Description 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
Senior Community None
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Interior
Basement Full Other
Basement (Y/N) Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Paved Unpaved
Lot Features Level Sidewalk
Total Parking 13.0
Lot Size Area 0.6
Number of Buildings 6
Spa N
Lot Dimensions 194x134
Lot Size Acres 0.6
Road Surface Type Paved
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 12301246
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* Excluded Features
List By
Exp Realty (Grand Rapids)

Broker

ryan@thinkbluhouse.com

Email

Affordability Calculator

$7,160
Per Month
86%
14%
0%
Monthly Principal & Interest
$6,126
Monthly Property Taxes
$1,034
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4/3/2026$995,000 Listed Price

Map


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1230-1246 Alpine Avenue NW, Grand Rapids, MI, 49504 is a Multi-Family Home for sale at $995,000 with a lot size of 0.6. 1230-1246 Alpine Avenue NW is a studio with 0.0 baths and was built in 1888. The property's zip code is 49504 which is in Grand Rapids, MI