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1230-1246 Alpine Avenue NW City of Grand Rapids, MI $ 995,000
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$ 995,000 Get more info
1230-1246 Alpine Avenue NW
$ 995,000
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Share Save

1230-1246 Alpine Avenue NW

City of Grand Rapids, MI, 49504
$ 995,000
Baths0.0 Sq 10,507

Monthly Estimate*

$ 6,126

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Studio Multi-Family Home for sale in City of Grand Rapids, MI for $995,000. This 10,507 square foot home was built in 1888 on a lot size of 0.6.

High-Yield 13-Unit Portfolio \ 0.6 Acres in Downtown Grand RapidsRare 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 Pending

Price

$ 995,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 12,404

Style

MultiFamily

Lot Size

0.6

Year Built

1888

Town/City

City of Grand Rapids

County/Region

KENT

MLS | Web ID

65026013335
Features
General
Sewer PublicSewer SewerAtStreet
Heating ForcedAir NaturalGas
Utilities NaturalGasConnected PhoneAvailable SewerConnected
Possession CloseOfEscrow SubjectToTenantRights
Construction Materials Other VinylSiding
Year Built 1888
Property Subtype MultiFamily
Tax Year 2024
Community Features Sidewalks
County Kent
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N N
Status Pending
City GrandRapidsCity_Kent
Senior Community Y/N N
High School District GrandRapids
Zoning Description Other
Number Of Units Total 13
MLS Area Area41142GrandRapids
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 12404.16
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
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
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Interior
Basement Full
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
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Exterior
Parking Features Paved SharedDriveway Unpaved
Lot Features Level
Water Source Public
Total Parking 13.0
Lot Size Area 26136.0
Number of Buildings 6
Spa N
Building Area Total 10507.0
Lot Dimensions 194x134
Lot Size Acres 0.6
Road Surface Type Paved
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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* Excluded Features
List By
Ryan Ogle

Listing Agent

Exp Realty (Grand Rapids)

Broker

(616) 901-4541

Phone

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
4909624 Elementary School
4909684 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
4/3/2026$995,000 Listed Price

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1230-1246 Alpine Avenue NW, City of Grand Rapids, MI, 49504 is a Multi-Family Home for sale at $995,000 with 10,507 sqft and 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 City of Grand Rapids, MI

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