Multi-Family: MLS #65026020346 Big Rapids, MI ^$ 500,000

Multi-Family: MLS #65026020346

^$ 500,000

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Multi-Family: MLS #65026020346

Name: address
Address: MI, 49307

Big Rapids, MI, 49307

^$ 500,000

Bedrooms6 Baths0.0

Monthly Estimate*

^$ 3,079

Multi-Family Home for sale in Big Rapids, MI

for $500,000 with 6 bedrooms. 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.

Multi-Family Active

Price

^$ 500,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 5,688

Style

MultiFamily

Lot Size

0.21

Year Built

1900

Town/City

Big Rapids

County/Region

Mecosta

MLS | Web ID

65026020346

Features

General

Sewer PublicSewer SewerAtStreet

Heating ForcedAir NaturalGas

Utilities CableConnected ElectricityConnected NaturalGasConnected PhoneAvailable PhoneConnected SewerConnected

Possession CloseOfEscrow SubjectToTenantRights

Roof Composition

Construction Materials VinylSiding

Year Built 1900

Property Subtype MultiFamily

Tax Year 2025

County Mecosta

New Construction N

Property Type ResidentialIncome

HOA N

Attached Garage N

Garage Y/N N

Status Active

City BigRapidsCity_Mecosta

Senior Community Y/N N

High School District BigRapids

Zoning Description Other

Number Of Units Total 6

MLS Area Area54252BigRapids

Lot Size Units SquareFeet

Carport Y/N N

Land Lease Y/N N

Tax Annual Amount 5688.6

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

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 F

Exterior

Parking Features Paved

Lot Features Level

Water Source Public

Total Parking 8.0

Lot Size Area 9148.0

Foundation Details MichiganBasement

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

Interior

Basement (Y/N) Y

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Laundry Features InBasement UpperLevel

Internal Only

Street Number 1 411

* Excluded Features

List By

Alexia Hoffman

Listing Agent

Exp Realty Llc

Broker

(616) 333-9078

Phone

Affordability Calculator

$3,553

Per Month

Monthly Principal & Interest: $3,079
Monthly Property Taxes: $474
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Big Rapids, MI

Average List Price ^$378,153

Percent of Sale Price 24%

About Big Rapids, MI

10,648 Population

5% Since 2002

^$31,169 Median Income

21.79 Median Age

20% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4909337 Elementary School

4909599 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/6/2026	$500,000		Listed Price

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*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/17/2026.

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Multi-Family: MLS #65026020346

Multi-Family Home for sale in Big Rapids, MI

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