Active

Price cut: $14K (7/14)

$305,000

623 Lane Ave NW #625, Grand Rapids, MI 49504

7beds

3baths

3,151sqft

$2,151/mo

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2 to 4 Units

Built in 1905

-- sqft lot

$299,200 Zestimate^®

$97/sqft

$-- HOA

What's special

Rare investment opportunity featuring two homes on one lot currently rented for $2,600+ but with room to boost rents. The front house is 4 beds and 2 baths with great long term tenant paying $1,300 and solid mechanicals. The back house is 3 bed 1 bath with tenants in place paying $1,320. Market rents around $1,800 for front house and $1,600 for back house for a total of $3,400. This property on the booming West Side is a great addition to any investor's portfolio with proven rental history and multiple income streams. Whether you're a seasoned investor or looking to start building wealth through real estate, this income-producing property offers excellent upside and long-term value.

47 days

518

31

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 3

Heating

Forced Air

Appliances

Laundry: Electric Dryer Hookup, Gas Dryer Hookup, In Unit, Washer Hookup

Features

Basement: Michigan Basement

Interior area

Total interior livable area: 3,151 sqft

Property

Parking

Total spaces: 2
Parking features: Concrete, Driveway, Paved

Lot

Size: 4,791 Square Feet
Dimensions: 37.5*122.55*37.5*122.65
Features: Wooded

Details

Parcel number: 411323413014
Zoning description: R-2

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Vinyl Siding

Condition

New construction: No
Year built: 1905

Utilities & green energy

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

Community & HOA

Location

Region: Grand Rapids

Financial & listing details

Price per square foot: $97/sqft
Tax assessed value: $174,100
Annual tax amount: $8,990
Date on market: 6/23/2026
Listing terms: Cash
Tenant pays: Electricity, Gas
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$299,200

$284,000 - $314,000

$1,516/mo

Price history

Date	Event	Price
7/14/2026	Price change	$305,000-4.4%$97/sqft
Source: MichRIC #26031290 Report a problem
6/23/2026	Listed for sale	$319,000$101/sqft
Source: MichRIC #26031290 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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