541 Coit Avenue Ne, Grand Rapids, MI 49503

Grand Rapids
Local realty services provided by:ERA Greater North Properties
541 Coit Avenue Ne,Grand Rapids, MI 49503
$370,000
  • - Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: christopher j timmer
Office: keller williams harbortown
MLS#:26040736
Source:MI_MICHRIC

Price summary

  • Price:$370,000

About this home

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.

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Home facts

  • Year built:1875
  • Listing ID #:26040736
  • Added:10 day(s) ago
  • Updated:August 16, 2026 at 03:35 PM

Rooms and interior

  • Total bathrooms:2
  • Basement:Yes
  • Basement Description:Michigan Basement

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1875
  • Lot area:0.11 Acres

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$370,000
  • Tax amount:$5,954 (2026)

Parking

  • Total parking spaces:26

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