1230-1246 Alpine Avenue Nw, Grand Rapids, MI 49504

Grand Rapids
Local realty services provided by:ERA Reardon Realty
1230-1246 Alpine Avenue Nw,Grand Rapids, MI 49504
$995,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: ryan ogle, allyson warners
Office: exp realty (grand rapids)
MLS#:26013335
Source:MI_MICHRIC

Price summary

  • Price:$995,000

About this home

High-Yield 13-Unit Portfolio | 0.6 Acres in Downtown Grand Rapids Rare opportunity to acquire a stabilized, cash-flowing asset in the heart of Grand Rapids. This C+/B- class portfolio features 13 units spread across 6 homes on adjoining parcels, totaling 0.6 acres. With over $140,000 in annual gross rent and a history of low vacancy, this is a turnkey 'workforce housing' play. Major CapEx has already been addressed: all homes feature new roofs and the majority of furnaces have been recently updated. Controlled expenses and a prime location make this a premier addition to any institutional or private portfolio.

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Home facts

  • Year built:1888
  • Listing ID #:26013335
  • Added:1 day(s) ago
  • Updated:April 03, 2026 at 02:55 AM

Rooms and interior

  • Basement:Yes

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1888
  • Lot area:0.6 Acres
  • Construction Materials:Vinyl Siding

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$995,000
  • Tax amount:$12,404 (2024)

Parking

  • Total parking spaces:13

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