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623 Lane Avenue NW # 625 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

Grand Rapids, MI, 49504
$ 319,000
Baths0.0

Monthly Estimate*

$ 2,014

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

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Multi-Family Active

Price

$ 319,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 8,990

Style

2 to 4 Units

Lot Size

0.11

Year Built

1905

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

26031290
Features
General
Sewer Public Sewer
Heating Forced Air
Utilities Phone Available Natural Gas Available Electricity Available Cable Available Natural Gas Connected Electricity Connected
Possession Close Of Escrow
Construction Materials Vinyl Siding
Year Built 1905
Tenant Pays Electric Gas
Township City of Grand Rapids
Unit Number 625
Property Subtype 2 to 4 Units
Tax Year 2025
Ownership Private Owned
County Kent
New Construction N
Property Type Multi Family
Attached Garage N
Status Active
City Grand Rapids
High School District Grand Rapids
Zoning Description R-2
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 4598.0
Listing Terms Cash
Land Lease Y/N N
Tax Annual Amount 8990.0
Lease Renewal Y/N N
Additional Parcels 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
Senior Community None
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Interior
Basement Michigan Basement
Basement (Y/N) Y
Heating Y/N Y
Laundry Features Electric Dryer Hookup Gas Dryer Hookup In Unit Washer Hookup
Total Baths 0
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Exterior
Parking Features Concrete Driveway Paved
Lot Features Wooded
Total Parking 2.0
Lot Size Area 0.11
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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Internal Only
Street Number 1 623
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* Excluded Features
List By
Reside Grand Rapids

Broker

connor@buysellinvest.co

Email

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
250213 Elementary School
249218 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/23/2026$319,000 Listed Price

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623 Lane Avenue NW # 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 NW # 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

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