Sold

$900,001

1230-1246 Alpine Ave NW, Grand Rapids, MI 49504

22beds

12baths

--sqft

5+ Units

Built in 1888

-- sqft lot

$900,000 Zestimate^®

$--/sqft

$1,605 Estimated rent

Home value

$900,000

$855,000 - $945,000

$1,605/mo

Zestimate^® history

Owner options

List your home for rent

$1,605/mo

Rent Zestimate^®

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$1,605/mo

Rent Zestimate^®

Refinance and save

$5,709/mo

Est. payment

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$5,709/mo

Est. payment

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What's special

New roofs

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 22
Bathrooms: 12

Heating

Forced Air

Features

Basement: Full,Other

Property

Parking

Total spaces: 13
Parking features: Paved, Unpaved

Lot

Size: 0.6 Acres
Dimensions: 194 x 134
Features: Level, Sidewalk

Details

Parcel number: 411313356009 012
Zoning description: COMM-IMP

Construction

Type & style

Home type: MultiFamily
Property subtype: 5+ Units

Materials

Vinyl Siding, Other

Condition

New construction: No
Year built: 1888

Utilities & green energy

Sewer: Public Sewer
Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Natural Gas Connected

Community & HOA

Location

Region: Grand Rapids

Financial & listing details

Tax assessed value: $239,197
Annual tax amount: $12,404
Date on market: 4/3/2026
Listing terms: Cash
Tenant pays: Electricity, Gas
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
6/9/2026	Sold	$900,001-9.5%
Source: MichRIC #26013335 Report a problem
4/16/2026	Pending sale	$995,000
Source: MichRIC #26013335 Report a problem
4/3/2026	Listed for sale	$995,000
Source: MichRIC #26013335 Report a problem