623 Lane Avenue # 625 Grand Rapids, MI ^$ 319,000

623 Lane Avenue # 625

^$ 319,000

Back to search

Recently Listed

623 Lane Avenue # 625

Grand Rapids, MI, 49504

^$ 319,000

Studio Baths0.0

Monthly Estimate*

^$ 2,014

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 1

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 2

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 3

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 4

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 5

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 6

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 7

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 8

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 9

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 10

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 11

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 12

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 13

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 14

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 15

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 16

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 17

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 18

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 19

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 20

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 21

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 22

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 23

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 24

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 25

623 Lane Avenue # 625, Grand Rapids, MI 49504 - Image 26

Studio

Multi-Family Home for sale in Grand Rapids, MI

for $319,000. This home was built in 1905 on a lot size of 0.11.

Rare investment opportunity featuring two homes on one lot currently rented for $2,600+ but with room to boost rents. The front house is 4 beds and 2 baths with great long term tenant paying $1,300 and solid mechanicals. The back house is 3 bed 1 bath with tenants in place paying $1,320. Market rents around $1,800 for front house and $1,600 for back house for a total of $3,400. This property on the booming West Side is a great addition to any investor's portfolio with proven rental history and multiple income streams. Whether you're a seasoned investor or looking to start building wealth through real estate, this income-producing property offers excellent upside and long-term value.

Multi-Family Active

Price

^$ 319,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 8,990

Style

Lot Size

0.11

Year Built

1905

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

70540987

Features

General

Heating Forced Air

Garage Additional Garage(s)

Status Active Active

Year Built 1905

County Kent

Class MULTIFAMILY

Type Multi-Family

Municipality Grand Rapids

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Grand Rapids (41032)

Primary City Grand Rapids

City Grand Rapids

School District Grand Rapids City School Distric

Financial Terms Cash

Legal Description LOT 402* PANFIL S ASSESSOR S PLAT NO. 22* OF PART OF THE W 1/2 OF THE SE 1/4 OF SECTION 23 T 7 N R 12 W

DOM 1

Postal Code 49504

Public Remarks Rare investment opportunity featuring two homes on one lot currently rented for $2 600+ but with room to boost rents. The front house is 4 beds and 2 baths with great long term tenant paying $1

Interior

Basement MI Basement

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Vinyl Siding

Frontage 37

Lot Size Area 0.11

Lot Dimensions 37.5*122.55*37.5*122.65

Lot Description Wooded

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Connor Anderson

Listing Agent

Reside Grand Rapids

Broker

connor@buysellinvest.co

Affordability Calculator

$2,763

Per Month

Monthly Principal & Interest: $2,014
Monthly Property Taxes: $749
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Grand Rapids, MI

Average List Price ^$429,495

Percent of Sale Price 35%

About Grand Rapids, MI

199,553 Population

1% Since 2002

^$43,558 Median Income

34 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3147031 Elementary School

3147033 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/23/2026	$319,000		Listed Price

Map

More homes like this one

homes for you

See all

623 Lane Avenue # 625, Grand Rapids, MI, 49504 is a Multi-Family Home for sale at $319,000 with a lot size of 0.11. 623 Lane Avenue # 625 is a studio with 0.0 baths and was built in 1905. The property's zip code is 49504 which is in Grand Rapids, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

623 Lane Avenue # 625

Multi-Family Home for sale in Grand Rapids, MI

Affordability Calculator

Map

More homes like this one

Get more info about this home