DO NOT WALK PROPERTY WITHOUT PRIOR APPROVAL. 8 Unit Income-producing Grand Rapids investment opportunity featuring TWO well-maintained multi-unit buildings in a prime location. Just 1 block from GVSU, 3 blocks from Corewell Health, near the Grand Rapids Medical Mile, with easy highway access and walking distance to countless conveniences. Together, the properties currently generate $8,950/month with additional rent growth potential. The 6-unit building offers on-site parking for 10 cars, an on-demand water heater and a 6-year City of Grand Rapids rental certification. Landlord pays all utilities. Long-term tenants reflect an owner who values and cares for residents. Units include 2BR, 1BR, studio/1BR loft, studio, 1BR and 1BR. The second building at 526 Michigan St. features two 3BR units, updated PEX plumbing and two electrical panels. One tenant has been in place for over 30 years. Excellent opportunity for established cash flow and upside potential.
Active contingent
$1,095,000
522 Michigan St NE, Grand Rapids, MI 49503
12beds
8baths
2,250sqft
5+ Units
Built in 1890
-- sqft lot
$1,026,200 Zestimate®
$487/sqft
$-- HOA
What's special
Two electrical panelsWell-maintained multi-unit buildingsUpdated pex plumbingOn-demand water heater
- 84 days
- 9
- 1
Zillow last checked:
Listing updated:
Listed by:
Vito (Jr.) E Dolci 616-791-1010,
Five Star Real Estate (Walker) 616-791-1010
Source: MichRIC,MLS#: 26042669
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
Heating
- Radiant
Cooling
- None
Features
- Basement: Full
Interior area
- Total interior livable area: 2,250 sqft
Property
Parking
- Total spaces: 12
Lot
- Size: 0.26 Acres
- Dimensions: 75 x 185
- Features: Sidewalk
Details
- Parcel number: 411430202008
- Zoning description: Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Vinyl Siding, Wood Siding
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer, Storm Sewer
- Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Community & HOA
Location
- Region: Grand Rapids
Financial & listing details
- Price per square foot: $487/sqft
- Tax assessed value: $134,965
- Annual tax amount: $6,795
- Date on market: 8/14/2026
- Listing terms: Cash
- Tenant pays: None
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$1,026,200
$975,000 - $1.08M
$1,663/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2026 | Contingent | $1,095,000$487/sqft |
Source:  MichRIC #26042669 Report a problem | ||
| 8/14/2026 | Listed for sale | $1,095,000+26.8%$487/sqft |
Source: MichRIC #26042669 Report a problem | ||
| 2/2/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 1/16/2021 | Listed for rent | $950 |
Source: Zillow Rental Manager Report a problem | ||
| 8/9/2020 | Listing removed | $863,265$384/sqft |
Source: Keller Williams GR East #19039659 Report a problem | ||
| 1/6/2020 | Listed for sale | $863,265+59.9%$384/sqft |
Source: Keller Williams GR East #19039659 Report a problem | ||
| 11/19/2017 | Listing removed | $539,900$240/sqft |
Source: Grand Rapids - Downtown #17047448 Report a problem | ||
| 9/19/2017 | Listed for sale | $539,900+27%$240/sqft |
Source: Grand Rapids - Downtown #17047448 Report a problem | ||
| 9/5/2014 | Listing removed | $425,000$189/sqft |
Source: Great Lakes Signature Properties #14041704 Report a problem | ||
| 7/22/2014 | Listed for sale | $425,000+6.5%$189/sqft |
Source: Great Lakes Signature Properties #14041704 Report a problem | ||
| 1/16/2014 | Listed for sale | $399,000+6.7%$177/sqft |
Source: GREAT LAKES SIGNATURE PROP #14002771 Report a problem | ||
| 8/3/2013 | Listing removed | $374,000$166/sqft |
Source: GREAT LAKES SIGNATURE PROP #13040543 Report a problem | ||
| 12/7/2012 | Listed for sale | $374,000-6.5%$166/sqft |
Source: GREAT LAKES SIGNATURE PROP #12063374 Report a problem | ||
| 11/1/2010 | Listing removed | $399,900$178/sqft |
Source: Great Lakes Signature Properties #80293 Report a problem | ||
| 11/25/2009 | Listed for sale | $399,900$178/sqft |
Source: Coldwell Banker AJS-Schmidt #770884 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $4,690 +2.7% | $378,300 +4.6% |
| 2025 | $4,569 | $361,500 -1.7% |
| 2024 | -- | $367,900 +64.2% |
| 2021 | $3,995 | $224,100 |
| 2020 | $3,995 +3.2% | $224,100 +13.9% |
| 2019 | $3,873 | $196,700 +5.3% |
| 2018 | -- | $186,800 +15.4% |
| 2017 | $3,797 | $161,900 +3.2% |
| 2016 | $3,797 | $156,900 |
| 2015 | $3,797 +5% | $156,900 +38.5% |
| 2013 | $3,617 | $113,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Belknap Lookout
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