Four-unit investment property
Excellent opportunity to own a fully occupied four-unit property with solid rental history and immediate income. This multi-family asset features long-term tenants on the first floor, providing stability and consistent cash flow from day one.
The lower level includes two units: one spacious 3-bedroom, 1-bath and one 2-bedroom, 1-bath. The upper level offers additional value with a 2-bedroom, 1-bath unit featuring a private balcony, along with a larger 4-bedroom, 1-bath unit--also with its own balcony--ideal for maximizing rental income.
The property includes off-street parking accessible from the alleyway.
Pending
$329,500
23 Burton St SW, Grand Rapids, MI 49507
12beds
4baths
--sqft
2 to 4 Units
Built in 1905
-- sqft lot
$327,600 Zestimate®
$--/sqft
$-- HOA
What's special
- 65 days |
- 23 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Rahel A Gebrekristos 616-485-2189,
Urban Pharm, LLC 616-855-4540,
Jessica Rossell 616-666-9915,
Urban Pharm, LLC
Source: MichRIC,MLS#: 26020646
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 4
Heating
- Forced Air
Appliances
- Laundry: None
Features
- Basement: Full,Michigan Basement
Property
Parking
- Total spaces: 4
- Parking features: Unpaved
Lot
- Size: 4,356 Square Feet
- Dimensions: 0.101
Details
- Parcel number: 411701480041
- Zoning description: NA
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Aluminum Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1905
Utilities & green energy
- Utilities for property: Cable Available, Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Grand Rapids
Financial & listing details
- Tax assessed value: $96,474
- Annual tax amount: $4,850
- Date on market: 5/7/2026
- Listing terms: FHA,Cash,Conventional
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$327,600
$311,000 - $344,000
$1,434/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2026 | Pending sale | $329,500 |
Source:  MichRIC #26020646 Report a problem | ||
| 5/7/2026 | Listed for sale | $329,500+93.8% |
Source: MichRIC #26020646 Report a problem | ||
| 10/22/2019 | Sold | $170,000-2.9% |
Source: MichRIC #19037459 Report a problem | ||
| 9/14/2019 | Listed for sale | $175,000 |
Source: Compass Realty Services #19037459 Report a problem | ||
| 9/14/2019 | Pending sale | $175,000 |
Source: Compass Realty Services #19037459 Report a problem | ||
| 8/5/2019 | Listed for sale | $175,000+30.6% |
Source: Compass Realty Services #19037459 Report a problem | ||
| 11/29/2017 | Sold | $134,000-4.2% |
Source: MichRIC #17039064 Report a problem | ||
| 8/3/2017 | Listed for sale | $139,900+508.3% |
Source: Compass Realty Services #17039064 Report a problem | ||
| 6/20/2012 | Sold | $23,000+4.5% |
Source: Public Record Report a problem | ||
| 4/8/2012 | Price change | $22,000-24.9% |
Source: KAZMA-HILTON REALTY D.B.A. REAL ESTATE ONE SUCCESS Report a problem | ||
| 3/17/2012 | Listed for sale | $29,300-81.1% |
Source: KAZMA-HILTON REALTY D.B.A. REAL ESTATE ONE SUCCESS Report a problem | ||
| 11/9/2011 | Sold | $155,321+135.3% |
Source: Public Record Report a problem | ||
| 10/7/2002 | Sold | $66,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,725 | $134,700 +2.9% |
| 2024 | -- | $130,900 +43.1% |
| 2021 | $3,240 | $91,500 +16% |
| 2020 | $3,240 +3.2% | $78,900 +16.2% |
| 2019 | $3,141 | $67,900 +14.5% |
| 2018 | -- | $59,300 +34.2% |
| 2017 | $2,082 | $44,200 +13.9% |
| 2016 | $2,082 | $38,800 |
| 2015 | $2,082 +5% | $38,800 -2.3% |
| 2013 | $1,984 | $39,700 -37.5% |
| 2011 | -- | $63,500 -7.7% |
| 2010 | -- | $68,800 -12% |
| 2009 | -- | $78,200 +13.2% |
| 2007 | -- | $69,100 +21.6% |
| 2006 | -- | $56,835 +3.7% |
| 2005 | -- | $54,808 +3.3% |
| 2004 | -- | $53,058 +38.6% |
| 2002 | -- | $38,287 +3.2% |
| 2001 | -- | $37,100 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Garfield Park
Nearby schools
GreatSchools rating
- 5/10Burton Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 2/10Burton Middle SchoolGrades: 6-8Distance: 0.3 mi
- 6/10Grand Rapids University Preparatory AcademyGrades: 6-12Distance: 1.8 mi
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A local agent can set up tours, give advice and negotiate with sellers.
- Michigan
- Kent County
- Grand Rapids
- 49507
- Garfield Park
- 23 Burton St SW
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