Multi-unit investment property in Grand Rapids offers multiple income streams and long-term appreciation potential. This 2 unit building is situated on a compact 4,792-square-foot lot, making efficient use of space while maintaining manageability. Ownership of this property provides the foundation for building equity and establishing a solid real estate portfolio. The configuration supports diverse ownership strategies and delivers steady returns through diversified occupancy.
Active
$309,000
106 Stewart St SW, Grand Rapids, MI 49507
6beds
2baths
--sqft
2 to 4 Units
Built in 1900
-- sqft lot
$301,700 Zestimate®
$--/sqft
$-- HOA
What's special
- 18 days
- 170
- 4
Zillow last checked:
Listing updated:
Listed by:
JJ Lozano 616-422-3077,
Coldwell Banker Woodland Schmidt 616-396-5221,
Daniel C McCrath 616-813-6092,
Coldwell Banker Woodland Schmidt ART Office
Source: MichRIC,MLS#: 26042678
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Heating
- Forced Air
Appliances
- Laundry: None
Features
- Basement: Michigan Basement
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Unpaved
Lot
- Size: 4,791 Square Feet
- Dimensions: 40 x 120
Details
- Parcel number: 411701479014
- Zoning description: RES
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Utilities for property: Electricity Connected
Community & HOA
Location
- Region: Grand Rapids
Financial & listing details
- Tax assessed value: $36,322
- Annual tax amount: $1,827
- Date on market: 8/14/2026
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$301,700
$287,000 - $317,000
$1,520/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Listed for sale | $309,000+1136% |
Source:  MichRIC #26042678 Report a problem | ||
| 7/27/2009 | Sold | $25,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,827 | $107,700 +6.5% |
| 2024 | -- | $101,100 +50.7% |
| 2021 | $1,598 | $67,100 +18.1% |
| 2020 | $1,598 +3.2% | $56,800 +24.3% |
| 2019 | $1,549 | $45,700 +19.6% |
| 2018 | -- | $38,200 +19.4% |
| 2017 | $1,518 | $32,000 +13.1% |
| 2016 | $1,518 | $28,300 |
| 2015 | $1,518 +4.9% | $28,300 -5% |
| 2013 | $1,447 | $29,800 -33.8% |
| 2011 | -- | $45,000 |
| 2010 | -- | $45,000 -25.4% |
| 2009 | -- | $60,300 +64.8% |
| 2007 | -- | $36,600 +79.2% |
| 2006 | -- | $20,419 +3.7% |
| 2005 | -- | $19,691 +3.3% |
| 2004 | -- | $19,062 +6.2% |
| 2002 | -- | $17,947 +3.2% |
| 2001 | -- | $17,391 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Garfield Park
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