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Richard Stewart

richard@2693457000.com +1(269) 217-0411

$ 370,000

Est. payment | -/mo

2 Baths

4,879 Sqft Lot

Save

$ 370,000

Est. payment | -/mo

Save

2 Baths

4,879 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality City of Grand Rapids

MLS Listing ID 26040736

Year Built 1875

Annual Tax Amount $5,954

Tax Year 2026

Lot Size 4,879 Sqft

Acres 0.11

Lot Dimensions 38 x 128

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

Property Description

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.

Location

State MI

County Kent

Direction From Michigan, North to address

Rooms

Basement Full, Michigan Basement

Interior

Heating Forced Air

Exterior

Parking Features Driveway, Gravel

Utilities Available Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 26

Building

Sewer Public Sewer

Structure Type Other

New Construction No

Schools

School District Grand Rapids

Others

Tax ID 41-14-19-355-005

Acceptable Financing VA Loan, FHA, Cash, Assumable, Conventional

Listing Terms VA Loan, FHA, Cash, Assumable, Conventional

Listed by Keller Williams Harbortown

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(269) 217-0411

richard@2693457000.com

828 Portage St, Kalamazoo, MI 49001, United States

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Licensing & Affiliation Disclosure: > Richard Stewart is the Principal Broker of REO Specialists, L.L.C. and an Associate Broker with Real Broker LLC. All real estate brokerage activities are conducted in compliance with Michigan licensing laws. Richard Stewart’s Equity Recovery Program is a professional real estate service and does not provide legal or tax advice. Homeowners should consult with legal counsel regarding their specific rights during the Michigan foreclosure redemption period.

541 Coit NE Avenue Grand Rapids, MI 49503