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  • $650,000

    812 Butterworth St SW, Grand Rapids, MI 49504

    3beds
    5baths
    3,900sqft
    5+ Units
    Built in 1910
    -- sqft lot
    $671,400 Zestimate®
    $167/sqft
    $1,860 Estimated rent

    Home value

    $671,400

    $624,000 - $712,000

    $1,860/mo

    Zestimate® history
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    $1,860/mo

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    $1,860/mo

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    $4,090/mo

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    $4,090/mo

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    What's special

    Welcome to your next lucrative investment! This newly updated 5-unit building boasts an impressive combination of 3 modern apartments and 2 highly sought-after commercial suites, making it a prime opportunity for savvy investors like yourself. Strategically situated within walking distance from downtown, this property is perfectly positioned to benefit from the area's ongoing development and increasing property values. Currently generating a robust monthly income of $6,500, this property's potential for further growth is astounding. With the ability to raise the revenue to $7,500 or more, you'll enjoy an attractive return on investment. The demand for commercial spaces at this rental price is exceptionally high, ensuring a consistent stream of income for years to come.

    Zillow last checked:

    Listing updated:

    Listed by:

    Robert J Larson rjlarsoninc@comcast.net,

    Larson, Robert J.

    Bought with:

    Allison V Koetsier, 6502378425

    Compass Realty Services

    Source: MichRIC,MLS#: 23028657MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 5
    Heating
    • Forced Air
    Cooling
    • Window Unit(s)
    Features
    • Basement: Full
    Interior area
    • Total interior livable area: 3,900 sqft

    Property

    Parking
    • Total spaces: 4
    Lot
    • Size: 3,484 Square Feet
    • Features: Level
    Details
    • Parcel number: 411326483021
    • Zoning description: MCN

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 5+ Units
    Materials
    • Brick
    • Roof: Rubber
    Condition
    • New construction: No
    • Year built: 1910

    Utilities & green energy

    • Utilities for property: Natural Gas Connected, Electricity Connected, Cable Connected

    Community & HOA

    Location
    • Region: Grand Rapids

    Financial & listing details

    • Price per square foot: $167/sqft
    • Tax assessed value: $93,011
    • Annual tax amount: $5,324
    • Date on market: 8/8/2023
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity, Gas
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    6/29/2024Listing removed--
    Source: Zillow Rentals Report a problem
    6/4/2024Listed for rent$1,050+27.3%
    Source: Zillow Rentals Report a problem
    10/20/2023Sold$650,000-6.5%$167/sqft
    Source: MichRIC #23028657 Report a problem
    9/11/2023Pending sale$695,000$178/sqft
    Source: MichRIC #23028657 Report a problem
    8/22/2023Price change$695,000-8.4%$178/sqft
    Source: MichRIC #23028657 Report a problem
    8/8/2023Listed for sale$759,000+166.3%$195/sqft
    Source: MichRIC #23028657 Report a problem
    2/3/2020Listing removed$825
    Source: Virgin Soil Property Management Report a problem
    1/9/2020Listed for rent$825+38.7%
    Source: Virgin Soil Property Management Report a problem
    10/19/2016Listing removed$285,000$73/sqft
    Source: Urban Space of Grand Rapids #16017891 Report a problem
    7/15/2016Price change$285,000-4.7%$73/sqft
    Source: Urban Space of Grand Rapids #16017891 Report a problem
    7/13/2016Price change$299,000+4.9%$77/sqft
    Source: Urban Space of Grand Rapids #16017891 Report a problem
    7/9/2016Price change$285,000-4.7%$73/sqft
    Source: Urban Space of Grand Rapids #16017891 Report a problem
    4/21/2016Listed for sale$299,000+398.3%$77/sqft
    Source: Urban Space of Grand Rapids #16017891 Report a problem
    1/7/2015Listing removed$595
    Source: Tree Line Management LLC Report a problem
    11/14/2014Price change$595-4.8%
    Source: Tree Line Management LLC Report a problem
    10/21/2014Price change$625+5%
    Source: Tree Line Management LLC Report a problem
    10/15/2014Listed for rent$595+3.5%
    Source: Tree Line Management LLC Report a problem
    8/23/2014Listing removed$575
    Source: Tree Line Management LLC Report a problem
    8/15/2014Listed for rent$575+4.5%
    Source: Tree Line Management LLC Report a problem
    8/3/2013Listing removed$550
    Source: Tree Line Management LLC Report a problem
    7/1/2013Price change$550-4.3%
    Source: Tree Line Management LLC Report a problem
    6/20/2013Listed for rent$575+9.5%
    Source: Tree Line Management LLC Report a problem
    5/9/2012Listing removed$525
    Source: Tree Line Management LLC Report a problem
    5/2/2012Listed for rent$525
    Source: Tree Line Management LLC Report a problem
    2/4/2012Listing removed$525
    Source: Tree Line Management Report a problem
    12/3/2011Listed for rent$525
    Source: Tree Line Management Report a problem
    2/11/2003Sold$60,000$15/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$11,342 $218,300 -0.2%
    2024-- $218,700 +56.7%
    2021$4,775 $139,600 +1.4%
    2020$4,775 +5.9%$137,700 +26.3%
    2019$4,508 $109,000 +28.1%
    2018-- $85,100 +17.5%
    2017$3,162 $72,400 +15.1%
    2016$3,162 $62,900
    2015$3,162 +5%$62,900 -10%
    2013$3,013 $69,900
    Find assessor info on the county website

    Neighborhood: Southwest

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $671,400
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $671,400