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541 Coit Avenue NE City of Grand Rapids, MI $ 370,000
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541 Coit Avenue NE
$ 370,000
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541 Coit Avenue NE

City of Grand Rapids, MI, 49503
$ 370,000
Bedrooms5 Baths0.0 Sq 3,561

Monthly Estimate*

$ 2,336

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Multi-Family Home for sale in City of Grand Rapids, MI for $370,000 with 5 bedrooms. This 3,561 square foot home was built in 1875 on a lot size of 0.11.

Lender has confirmed the FHA mortgage is assumable with an approved buyer. The current loan is at 2.75% with a balance of $199,000 as of 8/6/26. All this makes this property an incredible investment or house-hacking opportunity in Grand Rapids, positioned just minutes from vibrant downtown and the Medical Mile. The vacant lower unit is completely refreshed and move-in ready, offering maximum flexibility for an owner-occupant or an investor aiming to set top market rent. Step inside to discover a spacious, beautifully updated layout featuring a stylish kitchen, a large living room designed for relaxation, two comfortable bedrooms, and a full bathroom. The upper unit is occupied, providing immediate rental income from day one to jumpstart your investment journey with three bedrooms and a full bath. Complete with a detached two-stall garage, this versatile property blends turn-key convenience, cash-flow potential, and a location close to city dining, shopping, and major healthcare hubs.

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Multi-Family Active

Price

$ 370,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 5,954

Style

MultiFamily

Lot Size

0.11

Year Built

1875

Town/City

City of Grand Rapids

County/Region

KENT

MLS | Web ID

65026040736
Features
General
Sewer PublicSewer SewerAtStreet
Heating ForcedAir NaturalGas
Utilities ElectricityConnected NaturalGasConnected SewerConnected
Possession CloseOfEscrow SubjectToTenantRights
Roof Composition
Construction Materials Other
Year Built 1875
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
Directions From Michigan North to address
City GrandRapidsCity_Kent
Senior Community Y/N N
High School District GrandRapids
Zoning Description Residential
Number Of Units Total 2
MLS Area Area41142GrandRapids
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 5954.0
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
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 118416
Legal Description S 38 FT OF E 128 FT OF LOT 3 BLK 4* DEXTER FRACTION
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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 Garage Gravel
Water Source Public
Total Parking 26.0
Lot Size Area 4879.0
Foundation Details MichiganBasement
Number of Buildings 1
Spa N
Building Area Total 3561.0
Lot Dimensions 38 x 128
Lot Size Acres 0.11
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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Internal Only
Street Number 1 541
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* Excluded Features
List By
Christopher J Timmer

Listing Agent

Keller Williams Harbortown

Broker

(616) 218-5062

Phone

Affordability Calculator

$2,832
Per Month
82%
18%
0%
Monthly Principal & Interest
$2,336
Monthly Property Taxes
$496
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
8/5/2026$370,000 Listed Price

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541 Coit Avenue NE, City of Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $370,000 with 3,561 sqft and a lot size of 0.11. 541 Coit Avenue NE has 5 bedrooms, 0.0 baths, and was built in 1875. The property's zip code is 49503 which is in City of Grand Rapids, MI

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