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Multi-Family: MLS #26020346 Big Rapids, MI $ 500,000
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Multi-Family: MLS #26020346
$ 500,000
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Multi-Family: MLS #26020346

Big Rapids, MI, 49307
$ 500,000
Baths0.0

Monthly Estimate*

$ 3,079

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Studio

Multi-Family Home for sale in Big Rapids, MI

for $500,000. This home was built in 1900 on a lot size of 0.21.

Fully occupied 6-unit multifamily investment opportunity in Big Rapids near Ferris State University. Unit mix includes five 2 bed/1 bath apartments and one 4 bed/1 bath unit totaling approximately 5,500 sq ft. Tenants pay gas and electric. Each unit has a separate water meter, creating immediate opportunity to bill back water and increase NOI. Coin-op laundry generates approximately $300/month in additional income. Three of six furnaces are newer (under 2 years old), reducing near-term capital expenses. Area 2-bedroom rents are trending closer to $1,050/month, leaving upside through unit turns and light cosmetic updates, particularly Unit 5. Onsite parking for approximately 8 vehicles. Strong rental demand driven by Ferris State and the surrounding employment base makes this a stable cash flow and value-add opportunity.

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Multi-Family Active

Price

$ 500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,688

Style

5+ Units

Lot Size

0.21

Year Built

1900

Town/City

Big Rapids

County/Region

Mecosta

MLS | Web ID

26020346
Features
General
Sewer Public Sewer
Heating Forced Air
Cooling None
Utilities Phone Available Natural Gas Available Electricity Available Cable Available Phone Connected Natural Gas Connected Electricity Connected Cable Connected
Possession Close Of Escrow Subject To Tenant Rights
Roof Composition
Construction Materials Vinyl Siding
Year Built 1900
Tenant Pays Electric Water Trash Sewer Gas
Township Big Rapids
Property Subtype 5+ Units
Tax Year 2025
County Mecosta
New Construction N
Property Type Multi Family
Attached Garage N
Status Active
City Big Rapids
High School District Big Rapids
Zoning Description R-P
Number Of Units Total 6
Lot Size Units Acres
Lot Size Square Feet 9148.0
Listing Terms Cash
Land Lease Y/N N
Tax Annual Amount 5688.6
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 101976
Legal Description 000411 MAPLE STREET: SEC 11 T15N R10W -- A PARCEL OF LAND DESC AS BEG AT A PT 90 FT E OF THE INT OF THE N LI OF MAPLE ST & THE E LI OF N STEWART AVE TH E ALG THE N LI OF MAPLE ST 60 FT TH N 165 FT TH
Senior Community None
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Interior
Basement Michigan Basement
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Laundry Features In Basement Upper Level
Total Baths 0
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Exterior
Parking Features Paved
Lot Features Level
Total Parking 8.0
Lot Size Area 0.21
Number of Buildings 1
Spa N
Lot Dimensions 60x132.50
Lot Size Acres 0.21
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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* Excluded Features
List By
Exp Realty Llc

Broker

alexia@hoffmanteamre.com

Email

Affordability Calculator

$3,553
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,079
Monthly Property Taxes
$474
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
251045 Elementary School
249539 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/6/2026$500,000 Listed Price

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