Rare investment opportunity just a short drive to downtown Grand Rapids! This apartment building consists of 4 turnkey two-bedroom, one- bathroom units. The units are consistently rented and leases are on a month-to-month basis, offering flexibility for future owners. The neighboring property at 835 Grand Ave is also for sale, presenting an excellent opportunity to purchase 8 units! The two buildings offer plenty of off-street parking with a large parking lot. Call today to set up your private showing!
Sold
$585,000
865 Grand Ave NE, Grand Rapids, MI 49503
8beds
4baths
3,400sqft
2 to 4 Units
Built in 1982
-- sqft lot
$617,600 Zestimate®
$172/sqft
$1,449 Estimated rent
Home value
$617,600
$581,000 - $661,000
$1,449/mo
Zestimate® history
Owner options
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$1,449/mo
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$1,449/mo
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$3,711/mo
Est. payment
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$3,711/mo
Est. payment
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List your homeWhat's special
Large parking lotOff-street parking
Zillow last checked:
Listing updated:
Listed by:
Lauren Karsten 616-690-8355,
Five Star Real Estate (Ada)
Bought with:
Laura E Ensley, 6502396036
Ensley Real Estate
Source: MichRIC,MLS#: 24050259
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Window Unit(s)
Features
- Basement: Slab
Interior area
- Total interior livable area: 3,400 sqft
Property
Parking
- Total spaces: 7
- Parking features: Paved
Lot
- Size: 0.45 Acres
- Dimensions: 134 x 146.99
Details
- Parcel number: 411419279016
- Zoning description: RES
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Brick, Vinyl Siding
Condition
- New construction: No
- Year built: 1982
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Natural Gas Available, Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Grand Rapids
Financial & listing details
- Price per square foot: $172/sqft
- Tax assessed value: $87,463
- Annual tax amount: $4,552
- Date on market: 9/23/2024
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/10/2024 | Sold | $585,000-2.5%$172/sqft |
Source:  MichRIC #24050259 Report a problem | ||
| 11/2/2024 | Pending sale | $600,000$176/sqft |
Source: MichRIC #24050259 Report a problem | ||
| 10/23/2024 | Price change | $600,000-4.8%$176/sqft |
Source: MichRIC #24050259 Report a problem | ||
| 9/23/2024 | Listed for sale | $630,000+851.7%$185/sqft |
Source: MichRIC #24050259 Report a problem | ||
| 5/21/2009 | Sold | $66,200-30.3%$19/sqft |
Source: Public Record Report a problem | ||
| 10/1/2008 | Sold | $95,000-48.3%$28/sqft |
Source: Public Record Report a problem | ||
| 3/19/2007 | Sold | $183,600$54/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,762 | $215,300 +37.3% |
| 2024 | -- | $156,800 +23.8% |
| 2021 | $4,165 | $126,700 |
| 2020 | $4,165 +3.2% | $126,700 +25.9% |
| 2019 | $4,037 | $100,600 +5.6% |
| 2018 | -- | $95,300 +10.3% |
| 2017 | $3,958 | $86,400 +3.8% |
| 2016 | $3,958 | $83,200 |
| 2015 | $3,958 +5% | $83,200 +14.6% |
| 2013 | $3,771 | $72,600 -21.2% |
| 2011 | -- | $92,100 -8.6% |
| 2010 | -- | $100,800 -1.7% |
| 2009 | -- | $102,500 -1% |
| 2007 | -- | $103,500 -3% |
| 2006 | -- | $106,700 +4% |
| 2005 | -- | $102,600 +53.2% |
| 2004 | -- | $66,985 +6.2% |
| 2002 | -- | $63,062 +3.2% |
| 2001 | -- | $61,107 |
Find assessor info on the county website
Neighborhood: Highland Park
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Nearby schools
GreatSchools rating
- 8/10Center For EconomicologyGrades: 6Distance: 1.1 mi
- 9/10City High Middle SchoolGrades: 7-12Distance: 1.1 mi
- 4/10Innovation Central High SchoolGrades: 9-12Distance: 0.9 mi
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Estimated market value
$617,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$617,600
- Michigan
- Kent County
- Grand Rapids
- 49503
- Highland Park
- 865 Grand Ave NE
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