130 College Avenue NE
City of Grand Rapids, MI, 49503 $ 415,000
Bedrooms4 Baths0.0 Sq 2,823 Monthly Estimate*
$ 2,620
Multi-Family Home for sale in City of Grand Rapids, MI
for $415,000 with 4 bedrooms. This 2,823 square foot home was built in 1890 on a lot size of 0.24.
Turnkey Heritage Hill Investment Opportunity! This fully rented 3-unit property offers immediate income in one of Grand Rapids' most desirable neighborhoods. Ideally located within walking distance of Downtown Grand Rapids, the Medical Mile, Michigan Street, Martha's Vineyard, and countless restaurants, coffee shops, and local amenities, this property is perfectly positioned to attract long-term tenants. The spacious main floor unit features 2 bed rooms, 2 full baths, a kitchen with a large center island, in-unit washer and dryer, garage parking, a private patio overlooking the large backyard, and a full basement with abundant storage. Located on the second floor, Unit 2 is filled with natural light and offers a cozy bedroom, full bathroom, and inviting living space. Also on the second floor, Unit 3 features a spacious living room, comfortable bedroom, bathroom, and kitchen. With all three units currently leased, this well-maintained property provides immediate cash flow with excellentlong-term investment potential. The exterior has a new fresh coat of paint that was just completed. Whether you're looking to expand your portfolio or invest in one of Grand Rapids' most sought-after historic neighborhoods, this Heritage Hill multi-family is an opportunity you won't want to miss. Showings to begin after 12pm on Friday, July 17th.
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FeaturesGeneralSewer PublicSewer
Heating HotWater NaturalGas Radiant
Cooling WindowUnits
Utilities CableConnected ElectricityConnected NaturalGasConnected PhoneConnected
Possession CloseOfEscrow SeeRemarks
Roof Composition
Construction Materials WoodSiding
Year Built 1890
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 South of Michigan on College to 130. East side of College.
City GrandRapidsCity_Kent
Senior Community Y/N N
High School District GrandRapids
Zoning Description Other
Number Of Units Total 3
MLS Area Area41142GrandRapids
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 7031.39
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
Virtual Tour https://unbranded.visithome.ai/cY9MyFiWjDgc9nSunXoVae?mu=ft&t=1783382213 https://unbranded.visithome.ai/cY9MyFiWjDgc9nSunXoVae?mu=ft&t=1783382213
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 139850
Legal Description LOT 8* WOOD S SUBDIVISION* OF A PART OF COIT & CURTIS PARTITION PLAT
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InteriorBasement Partial
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features LaundryCloset
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ExteriorParking Features Paved
Lot Features Level
Water Source Public
Total Parking 4.0
Lot Size Area 10370.0
Foundation Details CrawlSpace MichiganBasement
Number of Buildings 1
Spa N
Building Area Total 2823.0
Lot Dimensions 61x170
Lot Size Acres 0.24
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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* Excluded FeaturesList BySommer DockeryListing Agent
Novosad Realty PartnersBroker
Affordability Calculator
- Monthly Principal & Interest
- $2,620
- Monthly Property Taxes
- $586
- 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.
Learn more about how to save NearbyMulti-family listings in Grand Rapids, MI
Average List Price $423,289
Percent of Sale Price 2%
About Grand Rapids, MI 199,553 Population
1% Since 2002
$ 43,558 Median Income
34 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
4909624 Elementary School
4909684 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/15/2026 | $415,000 | | Listed Price |