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623 Lane Avenue NW # 625 City of Grand Rapids, MI $ 319,000
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623 Lane Avenue NW # 625
$ 319,000
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623 Lane Avenue NW # 625

City of Grand Rapids, MI, 49504
$ 319,000
Bedrooms2 Baths0.0

Monthly Estimate*

$ 2,014

623 Lane Avenue NW # 625, City of Grand Rapids, MI 49504 - Image 1
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623 Lane Avenue NW # 625, City of Grand Rapids, MI 49504 - Image 21
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Multi-Family Home for sale in City of Grand Rapids, MI for $319,000 with 2 bedrooms. 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.

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Multi-Family Active

Price

$ 319,000

Bedrooms

2

Property Type

Multi-Family

Taxes

$ 8,990

Style

MultiFamily

Lot Size

0.11

Year Built

1905

Town/City

City of Grand Rapids

County/Region

KENT

MLS | Web ID

65026031290
Features
General
Sewer PublicSewer SewerAtStreet
Heating ForcedAir NaturalGas
Utilities ElectricityConnected NaturalGasConnected PhoneAvailable SewerConnected
Possession CloseOfEscrow
Construction Materials VinylSiding
Year Built 1905
Unit Number 625
Property Subtype MultiFamily
Tax Year 2025
County Kent
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N N
Status Active
City GrandRapidsCity_Kent
Senior Community Y/N N
High School District GrandRapids
Zoning Description Other
Number Of Units Total 2
MLS Area Area41142GrandRapids
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 8990.0
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
Tax Assessed Value 174100
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
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Exterior
Parking Features Concrete Garage Paved SharedDriveway
Lot Features Wooded
Water Source Public
Total Parking 2.0
Lot Size Area 4598.0
Foundation Details MichiganBasement
Number of Buildings 2
Spa N
Lot Dimensions 37.5*122.55*37.5*122.65
Lot Size Acres 0.11
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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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Laundry Features GasDryerHookup InUnit WasherHookup
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Internal Only
Street Number 1 623
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* Excluded Features
List By
Connor Anderson

Listing Agent

Reside Grand Rapids

Broker

(616) 648-6353

Phone

Affordability Calculator

$2,763
Per Month
73%
27%
0%
Monthly Principal & Interest
$2,014
Monthly Property Taxes
$749
Monthly 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.
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Nearby
4909624 Elementary School
4909684 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/24/2026$319,000 Listed Price

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623 Lane Avenue NW # 625, City of Grand Rapids, MI, 49504 is a Multi-Family Home for sale at $319,000 with a lot size of 0.11. 623 Lane Avenue NW # 625 has 2 bedrooms, 0.0 baths, and was built in 1905. The property's zip code is 49504 which is in City of Grand Rapids, MI

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