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522 Michigan Street NE Grand Rapids, MI $ 1,095,000
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$ 1,095,000 Get more info
522 Michigan Street NE
$ 1,095,000
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522 Michigan Street NE

Grand Rapids, MI, 49503
$ 1,095,000
Baths0.0

Monthly Estimate*

$ 6,914

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Studio

Multi-Family Home for sale in Grand Rapids, MI

for $1,095,000. This home was built in 1890 on a lot size of 0.26.

DO NOT WALK PROPERTY WITHOUT PRIOR APPROVAL. 8 Unit Income-producing Grand Rapids investment opportunity featuring TWO well-maintained multi-unit buildings in a prime location. Just 1 block from GVSU, 3 blocks from Corewell Health, near the Grand Rapids Medical Mile, with easy highway access and walking distance to countless conveniences. Together, the properties currently generate $8,950/month with additional rent growth potential. The 6-unit building offers on-site parking for 10 cars, an on-demand water heater and a 6-year City of Grand Rapids rental certification. Landlord pays all utilities. Long-term tenants reflect an owner who values and cares for residents. Units include 2BR, 1BR, studio/1BR loft, studio, 1BR and 1BR. The second building at 526 Michigan St. features two 3BR units, updated PEX plumbing and two electrical panels. One tenant has been in place for over 30 years. Excellent opportunity for established cash flow and upside potential.

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Multi-Family Active

Price

$ 1,095,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,795

Style

5+ Units

Lot Size

0.26

Year Built

1890

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

26042669
Features
General
Sewer Public Sewer
Heating Radiant
Cooling None
Utilities Phone Available Natural Gas Available Electricity Available Cable Available Phone Connected Natural Gas Connected Electricity Connected Cable Connected Storm Sewer
Possession Close Of Escrow
Construction Materials Vinyl Siding Wood Siding
Year Built 1890
Tenant Pays None
Township City of Grand Rapids
Property Subtype 5+ Units
Tax Year 2026
Ownership Private Owned
County Kent
New Construction N
Property Type Multi Family
Status Active
City Grand Rapids
High School District Grand Rapids
Zoning Description Multi-Family
Number Of Units Total 8
Lot Size Units Acres
Lot Size Square Feet 7797.0
Listing Terms Cash
Land Lease Y/N N
Tax Annual Amount 6795.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 134965
Legal Description LOT 898* STEINMANN S ASSESSOR S PLAT NO 34* OF LOTS 28 TO 32 35 TO 42 ALL INCLUSIVE & PART OF LOTS 20 21 33 & 34 OF COIT & CURTIS PARTITION PLAT AND LOT 892* STEINMANN S ASSESSOR S PLAT NO 34* OF LOT
Senior Community None
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Interior
Basement Full
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Total Baths 0
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Exterior
Lot Features Sidewalk
Total Parking 12.0
Lot Size Area 0.26
Number of Buildings 2
Spa N
Lot Dimensions 75 x 185
Lot Size Acres 0.26
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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Internal Only
Street Number 1 522
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* Excluded Features
List By
Five Star Real Estate (Walker)

Broker

vito@dolcigroup.com

Email

Affordability Calculator

$7,480
Per Month
92%
8%
0%
Monthly Principal & Interest
$6,914
Monthly Property Taxes
$566
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
250213 Elementary School
249218 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/14/2026$1,095,000 Listed Price

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522 Michigan Street NE, Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $1,095,000 with a lot size of 0.26. 522 Michigan Street NE is a studio with 0.0 baths and was built in 1890. The property's zip code is 49503 which is in Grand Rapids, MI

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